Highlander to receive $40M(U.S.) investment from Sprott

Executive Summary

• Highlander Silver Corp. has agreed to a US$40 million strategic private placement investment from Eric Sprott, an arm's-length investor.
• The transaction involves the issuance of 8,060,226 common shares at a price of $6.80 per share.
• Proceeds will be used to accelerate growth plans for the San Luis and Corani projects, with expected closing around January 30, 2026.

Key Details

• Investor: Eric Sprott (arm's-length strategic investor).
• Transaction Structure: Non-brokered private placement.
• Shares Issued: 8,060,226 common shares.
• Price Per Share: $6.80.
• Gross Proceeds: US$40 million.
• Use of Proceeds: Advancement of mineral projects (San Luis and Corani), working capital, and general corporate purposes.
• Expected Closing Date: On or around January 30, 2026.
• Hold Period: Shares subject to a statutory four-month hold period under Canadian securities laws.
• Post-Closing Cash Position: Management expects approximately US$100 million in cash at closing.
• Project Context: Funds support the San Luis gold-silver project (adjacent to Pierina mine, Peru) and the Corani silver project (following the combination with Bear Creek Mining).

Notable Quotes

• "The additional capital will allow us to accelerate growth plans within our portfolio, which includes the bonanza-grade San Luis gold-silver project, one of the highest M&I resource grade projects in either the gold or silver sectors, and one of the largest permitted primary silver deposits in the world in the Corani silver project after the closing of the previously announced combination with Bear Creek Mining... With this investment, we would expect to have $100-million (U.S.) in cash at closing." — Daniel Earle, President and CEO