Highland Copper Company Inc.
Search documents
Highland Copper Announces Upcoming Investor Presentation
Globenewswire· 2026-02-09 22:01
Core Viewpoint - Highland Copper Company Inc. is actively engaging with investors through a virtual conference and has secured consulting services to enhance market awareness and investor relations [1][2][3]. Group 1: Investor Engagement - Barry O'Shea, President and CEO of Highland Copper, will present at the Precious Metals & Critical Minerals Virtual Investor Conference on February 10, 2026 [1]. - Investors are encouraged to pre-register for the conference to facilitate participation and receive updates [2]. Group 2: Consulting Services - Highland Copper has engaged Delray Capital Markets Group to provide consulting, investor relations, and market awareness services for a term of two months, pending approval from the TSX Venture Exchange [3]. - The company will pay Delray a cash consulting fee of US$25,000 upon execution of the agreement, with no stock options or equity-based compensation included [3]. Group 3: Company Overview - Highland Copper Company is focused on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% stake in the White Pine North project [5]. - The company has 738,188,122 common shares outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [5].
Highland Copper Recaps 2025 Execution and Announces 2026 Work Plan to Advance Copperwood Toward Construction Decision
Globenewswire· 2026-01-27 22:01
VANCOUVER, British Columbia, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) ("Highland Copper" or the "Company") is pleased to announce its 2026 work plan for the Copperwood Project in Michigan, designed to advance the project toward a near-term construction decision. The planned program focuses on completing Front-end Engineering and Design “FEED”, advancing project financing initiatives, and progressing key technical and commercial workstreams to position Copperwoo ...
Highland Copper Signs Definitive Agreement for Sale of 34% Interest in White Pine for US$30 Million
Globenewswire· 2026-01-13 22:15
Core Viewpoint - Highland Copper Company has signed a definitive Membership Interest Purchase Agreement with Kinterra Copper USA LLC for the sale of its 34% interest in the White Pine North Project for approximately US$30 million [1][2]. Group 1: Transaction Details - The total consideration for the transaction includes US$18.3 million in cash, after accounting for approximately US$11.7 million in outstanding principal and accrued interest on a loan from Kinterra to Highland's subsidiary [2]. - Cash calls under the White Pine joint operating agreement will be suspended, meaning the Company will not be obligated to make cash calls through closing [2]. - The transaction is expected to close in January 2026, with a deadline of February 27, 2026, subject to customary closing conditions and approvals [4]. Group 2: Use of Proceeds - Proceeds from the sale will be utilized to fund corporate activities and the Copperwood Project, eliminate existing debt, and streamline the corporate structure [3]. Group 3: Company Overview - Highland Copper Company is focused on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% interest in the White Pine North project through a joint venture with Kinterra [6]. - The Company has 738,188,122 common shares outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [6].
Highland Copper Signs Binding Offer from Kinterra to Sell 34% Interest in White Pine North for US$30 Million
Globenewswire· 2025-11-25 12:30
Core Viewpoint - Highland Copper Company has signed a binding offer for the sale of its 34% interest in the White Pine North Project for approximately US$30 million, marking a significant step in optimizing its corporate strategy and financial position [1][2]. Financial Implications - The total consideration for the sale includes US$18.3 million in cash, net of outstanding principal and accrued interest on a loan from Kinterra, which is expected to be around US$11.7 million at closing [3]. - The proceeds from the sale will be used to fund corporate activities and the Copperwood Project, eliminate existing debt, and streamline the corporate structure [2][8]. Strategic Benefits - The divestiture is expected to provide immediate, non-dilutive funding, allowing the company to focus on advancing its flagship Copperwood Project towards a construction decision [4][8]. - The transaction will enhance the company's balance sheet by eliminating existing debt, improving financial flexibility, and reducing future interest obligations [8]. - The sale simplifies the corporate structure, enabling management to concentrate on the Copperwood Project [8]. Transaction Details - The parties aim to complete the transaction by the end of the year, subject to negotiation of definitive agreements, customary closing conditions, and regulatory approvals [4]. - Moelis & Company LLC acted as the exclusive financial advisor, while McMillan LLP served as the legal advisor for the transaction [5].
Highland Copper Completes Phase 1 Engineering and Announces Positive Results from Trade-Off Studies at Its Copperwood Project
Globenewswire· 2025-10-15 21:05
Core Insights - Highland Copper Company has completed Phase 1 detailed engineering for its Copperwood Project, confirming project design and improving environmental footprint, with Phase 2 engineering expected to advance to 35-40% completion [1][2][12] Engineering Highlights - Phase 1 was led by Dr. Wynand van Dyk, enhancing the company's technical capacity, with engineering work conducted by DRA Americas Inc, Foth Infrastructure & Environment, and Tetra Tech [2] - The redesigned process plant aims for 87.6% copper recovery at a concentrate grade of 25%, with reduced operating costs through optimized reagent consumption [6] - Mine engineering re-evaluated mining methods, identifying a potential shift from room-and-pillar to drift-and-fill mining, which could increase recoveries from 69% to approximately 94% [5][6] Environmental and Operational Improvements - The project incorporates a tailings thickener, increasing solids content to about 50% by mass, which reduces tailings handling costs and enhances water management [11] - An integrated approach to tailings deposition and water management has been developed, improving efficiency and reducing risks [7] Future Considerations - Phase 2 will require an updated labor cost survey to ensure competitiveness in attracting skilled personnel, impacting overall unit mining costs [8] - The mine plan will be updated to reflect revised cut-off grades and market inputs, ensuring operational efficiency and long-term viability [9] - Potential permit amendments may be necessary to accommodate technical optimizations, which could affect the project schedule [10]
Highland Copper Receives Letter of Interest from Export-Import Bank of the United States for Up to US$250 Million Debt Financing to Advance Copperwood Project
Globenewswire· 2025-09-16 11:30
Core Viewpoint - Highland Copper Company has received a non-binding Letter of Interest from the Export-Import Bank of the United States for potential debt financing of up to US$250 million to support the development of its Copperwood Project in Michigan [1][3]. Group 1: Project Details - The Copperwood Project is one of the few U.S. copper projects with all major permits in place and a completed feasibility study, with an estimated initial capital requirement of US$400 million [2]. - The project is positioned for a near-term construction decision as Highland advances detailed engineering [2]. Group 2: Financial Aspects - The potential debt financing from EXIM could cover a significant portion of the project's costs, with a repayment term potentially extending to 11 years [7]. - The financing is contingent upon the submission of a formal application and meeting EXIM's underwriting criteria [7]. Group 3: Strategic Importance - The Copperwood Project is strategically important for strengthening the U.S. supply chain for critical minerals and is expected to provide a reliable domestic source of copper [3]. - The project is aligned with Michigan's stringent environmental standards, supporting the local economy [3]. Group 4: Company Overview - Highland Copper Company is focused on exploring and developing copper projects in the Upper Peninsula of Michigan and owns the Copperwood deposit through long-term mineral leases [4]. - The company has 736,363,619 common shares issued and outstanding, listed on the TSX Venture Exchange under the symbol "HI" and trading on the OTCQB under "HDRSF" [4].
Highland Copper Completes Environmental Mitigation Program Demonstrating Benefit of Concurrent Reclamation at Copperwood Project
Globenewswire· 2025-09-10 21:15
Core Viewpoint - Highland Copper Company has successfully completed its early site work and environmental mitigation program at the Copperwood Project in Michigan, demonstrating a commitment to responsible development and compliance with regulatory standards [1][2]. Environmental Mitigation Program - The early site work was completed safely, within budget, and in compliance with the Michigan Wetlands and Streams Permit, focusing on site preparation and environmental safeguards [2][3]. - The program included significant investments in environmental stewardship, with activities such as wetland creation and revegetation [3][4]. - The environmental mitigation efforts have shown positive impacts, with concurrent reclamation demonstrating that restoration can occur alongside development [3]. Key Activities and Achievements - Approximately 18 acres of compensating wetlands were constructed to offset impacted areas [4]. - Nearly 20,000 native trees, wildflowers, sedges, and rushes were successfully planted in newly created habitats [4]. - A commitment to establish a 717-acre wetland preservation area is underway, with plans for long-term management to ensure permanent protection beyond mining operations [4]. Infrastructure Improvements - The Choate Road crossing over Bluff Creek was improved by replacing culverts with a clear-span bridge to enhance fish passage and stream habitat quality [6]. - Stream restoration efforts in Bluff Creek are designed to improve stream flow properties and habitat quality, with ongoing reconstruction of eroded banks [8]. Company Overview - Highland Copper Company is focused on exploring and developing copper projects in Michigan's Upper Peninsula, owning the Copperwood deposit and a 34% stake in the White Pine North project [9]. - The company has 736,363,619 common shares issued and is listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [9].
Highland Copper Provides Update on Michigan State Grant and Other Catalyts at the Copperwood Project
Globenewswire· 2025-07-02 11:30
Core Insights - Highland Copper Company is making significant progress on its 100%-owned Copperwood Project, moving towards a near-term construction decision [1] Funding and Support - The Copperwood project is under consideration for a $50 million grant from the Michigan Economic Development Corporation, pending final approval from the Senate Appropriations Committee [2] - Wakefield Township has requested a separate $50 million infrastructure grant from the Michigan legislature, demonstrating strong local support for the project [3] - The proposed grant aims to enhance economic development in Gogebic County by upgrading local infrastructure, which will also support the Copperwood project [4] - Local leaders, including Wakefield Township Supervisor Mandy Lake and Congressman Jack Bergman, emphasize the project's importance for domestic copper production and job creation [5] Engineering and Development - Highland has awarded Front-End Engineering and Design contracts to DRA Global for mine and process plant engineering, and to Foth and Tetra Tech for water management and tailings disposal facility engineering, respectively [6] - The company plans to transition into Phase 2 of its engineering program in Q3 2025, targeting 35% completion for mine and process plant engineering and 85% for the tailings disposal facility by Q1 2026 [7] - Successful completion of metallurgical drill programs has been reported, with 400 kilograms of core samples sent for analysis, achieving results comparable to previous tests [8] Environmental Mitigation - The 2025 construction season focuses on fulfilling obligations related to environmental mitigation, including the planting of nearly 20,000 trees [10] - An off-site stream mitigation project is underway to replace undersized culverts with a 50-foot-span bridge, enhancing fish habitat and meeting mitigation obligations [11] Strategic Outlook - The company is focused on key work programs to enable a construction decision for Copperwood in 2026, including site preparation, engineering progress, and funding opportunities [12]
Highland Copper Engages Velocity Trade Capital for Market Making Services
Globenewswire· 2025-06-20 21:00
Group 1 - Highland Copper Company has engaged Velocity Trade Capital Ltd. to provide market making services to improve liquidity and reduce trading volatility of its shares [1][2] - The monthly fee for these market liquidity services is set at $6,000, with a termination clause allowing either party to end the contract with 30 days' notice after 60 days [2] - Velocity Trade is a registered independent investment dealer in Canada and is regulated by multiple international authorities, ensuring compliance and credibility [3][4] Group 2 - Highland Copper Company focuses on exploring and developing copper projects in Michigan, owning the Copperwood deposit and a 34% stake in the White Pine North project [5] - The company has 736,363,619 common shares issued and outstanding, listed on the TSX Venture Exchange under the symbol "HI" and on the OTCQB under "HDRSF" [5]
Highland Copper Announces Completion of Copperwood Metallurgical Drilling and Continued Progress on Detailed Engineering
Globenewswire· 2025-05-14 11:30
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) ("Highland" or the "Company") is pleased to provide an update on recent developments at its 100%-owned Copperwood Project ("Copperwood") and the White Pine North Project ("White Pine"), a joint venture with Kinterra Copper USA LLC ("Kinterra"). Highland continues to advance Copperwood toward a near-term construction decision through a phased approach to detailed engineering which is designed t ...