Highland Critical Minerals closes $400,000 financing

Executive Summary

• Highland Critical Minerals Corp. has closed a non-brokered flow-through private placement, raising $400,000 in gross proceeds.
• The company issued 1.6 million flow-through common shares at a price of $0.25 per share.
• Proceeds are designated for eligible Canadian exploration expenses, specifically targeting critical mineral mining expenditures, with renunciations to be issued by December 31, 2026.

Key Details

• Transaction Type: Non-brokered flow-through (FT) private placement.
• Gross Proceeds: $400,000.
• Share Price: $0.25 per FT share.
• Shares Issued: 1.6 million common shares.
• Use of Proceeds: To incur eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures (or flow-through mining expenditures) under Subsection 127(9) of the Income Tax Act (Canada).
• Renunciation Schedule: The company intends to incur qualifying expenditures on or before December 31, 2027, and renounce them to subscribers with an effective date of December 31, 2026.
• Regulatory Status: Each share qualifies as a flow-through share under Subsection 66(15) of the Income Tax Act (Canada).
• Lock-up Period: A statutory four-month-plus-one-day hold period applies to all securities issued in the offering.