Highlander Silver Closes US$40 Million Strategic Investment by Eric Sprott

The most recent news (January 30, 2026) confirms the closing of a US$40 million (approx. C$54.8 million) non-brokered private placement by strategic investor Eric Sprott. The investment consisted of 8,060,226 common shares priced at C$6.80 per share. Critically, the financing included no warrants, representing extremely clean capital. This follows the January 27 announcement where CEO Daniel Earle stated the company expects to hold approximately US$100 million in cash upon the closing of the previously announced business combination with Bear Creek Mining.

This is a "Game Changer" development for several reasons: - Financial Strength: The US$100 million pro-forma cash position removes any near-term "going concern" risk and provides the massive capital required to advance the Corani project and the high-grade San Luis discovery. - Strategic Validation: Eric Sprott’s massive injection at C$6.80—a price significantly higher than the C$3.75 bought deal in September 2025—provides a high-conviction floor and institutional validation. - Transformation: Combined with the Bear Creek acquisition, Highlander has transitioned from a single-asset explorer at San Luis to a multi-asset firm owning one of the world's largest permitted silver deposits (Corani) and a producing mine (Mercedes). - Share Structure: The absence of warrants in this US$40M round prevents future technical overhang on the stock price.

Highlander Silver was primarily focused on the San Luis Gold-Silver Project in Peru, acquired from SSR Mining. San Luis is a high-grade epithermal system (Indicated: 356koz Au @ 24.4 g/t and 8.4Moz Ag @ 579 g/t). Following the merger with Bear Creek, the flagship asset effectively becomes the Corani Project in Puno, Peru, which is one of the world's largest undeveloped, fully permitted silver deposits. The company also gains the Mercedes Mine in Mexico, providing immediate cash flow.