Highland arranges $400,000 private placement

Executive Summary

• Highland Critical Minerals Corp. has launched a non-brokered flow-through private placement of common shares with aggregate gross proceeds of up to $400,000.
• The shares are priced at $0.25 each, allowing for the issuance of up to 1.6 million flow-through (FT) shares.
• Proceeds will be used to incur eligible Canadian exploration expenses, which will be renounced to subscribers to qualify as flow-through critical mineral mining expenditures.

Key Details

• Transaction Type: Non-brokered flow-through private placement.
• Gross Proceeds: Up to $400,000.
• Share Price: $0.25 per FT share.
• Quantity: Up to 1.6 million FT shares.
• Use of Proceeds: To incur eligible Canadian exploration expenses (within the meaning of Subsection 66.1(6) of the Income Tax Act) intended to qualify as flow-through critical mineral mining expenditures (or flow-through mining expenditures) under Subsection 127(9).
• Renunciation Terms: 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.
• Finder’s Fees: The company may pay cash commissions of up to 7.0% of the gross proceeds, in accordance with applicable securities laws and Canadian Securities Exchange policies.
• Hold Period: A statutory four-month-plus-one-day hold period applies to all securities issued in the offering.

Notable Quotes

• None provided in the text.