Bear Creek Mining Corporation Announces Filing and Mailing of Its Meeting Materials to Approve the Arrangement with Highlander Silver Corp.

Core Viewpoint - Bear Creek Mining Corporation has filed materials for a special meeting to approve a proposed arrangement with Highlander Silver Corp and interest deferral agreements with Royal Gold and Equinox [1][4]. Meeting Details - The special meeting is scheduled for February 19, 2026, at 10:00 a.m. Vancouver time, at the offices of Borden Ladner Gervais LLP [3]. - Securityholders of record as of January 13, 2026, are entitled to attend and vote at the meeting [3]. Arrangement Details - Highlander will acquire all outstanding Bear Creek Shares not already owned, with each Bear Creek Shareholder receiving 0.1175 of a common share of Highlander for each Bear Creek Share [4]. - The arrangement agreement was initially made on December 18, 2025, and amended on January 9, 2026 [4]. Support for the Arrangement - Directors, officers, and major shareholders representing approximately 30% of Bear Creek Shares have signed voting support agreements in favor of the arrangement [5]. - Highlander acquired 50,000,000 Bear Creek Shares for $18 million, demonstrating confidence in the arrangement [6]. Benefits of the Arrangement - The arrangement is expected to provide a pathway to the construction and operation of Bear Creek's Corani Project in Peru, unlocking value for shareholders [13]. - Debt restructuring with major creditors is anticipated, resulting in a financially robust company with no debt [13]. - The combination of assets is expected to enhance the capital markets profile, with a combined equity market capitalization of approximately C$625 million [13].