Highland Critical Minerals Corp. Enters into Binding Letter of Intent to Acquire Mining Claims Located in the Territory of Nunavut

Executive Summary

• Highland Critical Minerals Corp. has signed a binding Letter of Intent to acquire 100% of approximately 3,138.874 hectares of mineral exploration claims in the Yathkyed Lake Greenstone Belt, Nunavut.
• Consideration will be paid with 50,000 Class A common shares subject to a one‑year lock‑up; an exclusive negotiation period of 120 days is now in effect.
• The transaction remains conditional on due diligence, regulatory approvals and execution of a definitive purchase agreement.

Key Details

• Target Property: Mining claims covering ~3,138.874 ha in the Yathkyed Lake Greenstone Belt, Kivalliq Region, Nunavut, Canada.
• Acquisition Vehicle: 6025 Nunavut Ltd., wholly‑owned subsidiary of Highland Critical Minerals Corp.
• Consideration: 50,000 Class A common shares of Highland to be issued to the vendor; shares will be locked for a minimum of one year after closing.
• Exclusivity Period: 120 days from LOI signing, during which only Highland may negotiate with the vendor.
• Conditions Pre‑Closing: Completion of customary due diligence, receipt of required regulatory approvals (including CSE approval), negotiation and execution of a definitive purchase agreement containing standard covenants, closing conditions, indemnification provisions and termination rights.
• No Assurance: The release states that there is no guarantee the definitive agreement will be executed or the acquisition completed.
• Forward‑Looking Statements: Includes typical risk disclosures regarding approvals, financing availability, market conditions, and other factors that could affect completion.

Notable Quotes

(None provided in the release)