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Highland Copper Closes Sale of 34% Interest in White Pine for US$30 Million

  • Highland Copper Company Inc. completed the sale of its 34% interest in the White Pine North Project to joint venture partner Kinterra Copper USA LLC for US$30.1 million.
  • The transaction consideration included US$18.3 million in cash after offsetting US$11.8 million in outstanding loan principal & accrued interest owed by Highland Copper's subsidiary to Kinterra.
  • Proceeds will fund Copperwood Project activities, eliminate existing debt to Kinterra, cover transaction costs, & provide general working capital.
  • CEO Barry O'Shea stated the divestment focuses the company on its 100% owned Copperwood Project to progress detailed engineering & construction readiness through 2026.
  • The company concurrently amended the Silver Royalty Option with OR Royalties Inc., allowing OR Royalties to increase its silver NSR royalty on the Copperwood Project from 11.5% to 100% by paying US$3.0 million by December 31, 2027.
  • Moelis & Company LLC served as exclusive financial advisor & McMillan LLP acted as legal advisor for the transaction.
  • On February 26, 2026, the company refiled interim financial statements for the three & six months ended December 31, 2025 to correct comparative equity information.
  • Highland Copper's shares trade on the TSX Venture Exchange under "HI" & on the OTCQB under "HDRSF".