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].

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].

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 ...