Highlander Silver Announces US$40 Million Strategic Investment by Eric Sprott to Accelerate Growth

The most recent news (January 27, 2026) announces a US$40 million strategic investment by Eric Sprott via a non-brokered private placement. Sprott will acquire 8,060,226 common shares at a price of C$6.80 per share. This capital is intended to accelerate the development of the San Luis gold-silver project and the Corani silver project. Following the closing of this investment and the previously announced business combination with Bear Creek Mining, the company expects to hold a cash balance of approximately US$100 million.

This is a game-changing development for Highlander Silver for several reasons: - Strategic Validation: Eric Sprott’s investment at C$6.80—a price significantly higher than the C$3.75 bought deal in September 2025—provides a massive vote of confidence in the value of the combined Highlander-Bear Creek entity. - Capital Sufficiency: A US$100 million treasury removes near-term financing risk and provides the "firepower" needed to move the Corani project (one of the world's largest permitted silver deposits) toward development while continuing aggressive exploration at the high-grade San Luis project. - Institutional Scale: The combination of a massive cash position, the acquisition of a production-stage asset (Mercedes Mine), a world-class development asset (Corani), and high-grade discovery potential (San Luis) moves the company out of the "junior explorer" category and into the "mid-tier developer" conversation. - De-risking the Balance Sheet: The news confirms that the debt issues previously plaguing Bear Creek (obligations to Royal Gold and Equinox) are being settled/restructured as part of the merger, leaving Highlander with a clean balance sheet.

Highlander Silver is focused on the discovery and development of silver-gold projects in Peru and Mexico. - San Luis (Peru): The original flagship. A high-grade epithermal system. Indicated resources include 356k oz Au at 24.4 g/t and 8.4M oz Ag at 579 g/t. Recent drilling at the Bonita/Kusy zones suggests the project is much larger than the original resource footprint. - Corani (Peru): To be acquired via Bear Creek. One of the largest undeveloped silver-lead-zinc deposits in the world. - Mercedes (Mexico): To be acquired via Bear Creek. A gold-silver producer providing immediate cash flow and operational scale.