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].

Core Points - Barrick Mining Corporation has completed the divestiture of the Alturas Project in Chile to Boroo Pte. Ltd for an upfront cash payment of $50 million [1] - Barrick will receive a 0.5% net smelter return royalty on gold and silver produced from the Project, which will cease once 2 million ounces of gold and gold-equivalent have been produced [1] - Boroo has the option to repurchase the royalty within four years from closing for $10 million [1] Company Overview - Barrick Mining Corporation is a leading global mining, exploration, and development company with a significant portfolio of gold and copper assets [2] - The company operates in 18 countries across five continents and is the largest gold producer in the United States [2] - Barrick aims to create long-term value for stakeholders through responsible mining and a disciplined growth approach [2]