Highland Critical does not say why stock is up

Executive Summary

• Highland Critical Minerals Corp. clarified to the Canadian Investment Regulatory Organization that there are no undisclosed material changes in operations driving recent increased market activity.
• The company disclosed the issuance of 2,997,250 Class A common shares via warrant exercises since September 30, 2025, generating $449,587.50 in gross proceeds.
• Proceeds are allocated to exploration activities, the planned spinout of Highland Red Lake Gold Corp., general working capital, and identifying new acquisitions.

Key Details

• Market Activity Clarification: Management confirmed it is unaware of any material change in operations that would account for recent increases in market activity.
• Warrant Exercises:
  • Quantity: 2,997,250 Class A common shares issued.
  • Gross Proceeds: $449,587.50.
  • Period: Since September 30, 2025.
• Use of Proceeds:
  • Financing exploration activities.
  • Funding the previously announced plan of arrangement for the spinout of Highland Red Lake Gold Corp.
  • General working capital.
  • Identifying new acquisitions.
• Exploration Updates:
  • Continuing exploration program at the Sy property in Nunavut.
  • Continuing exploration at Red Lake.
  • Expecting to update the market on progress in the coming weeks.
• Investor Relations Agreement:
  • Counterparty: Proactive Investors North America Inc. (arm's-length party).
  • Announcement Date: August 12, 2025.
  • Services: Media services, including research reports and analyst videos.
  • Term: 12 months, automatically renewing for additional 12-month periods unless 90 days written notice of non-renewal is provided.

Notable Quotes

• "At the request of Canadian Investment Regulatory Organization, Highland Critical Minerals Corp. has clarified that its management is unaware of any material change in the company's operations that would account for the recent increase in market activity."