Highland Critical Minerals Corp. Provides Corporate Update

Executive Summary

• Highland Critical Minerals Corp. exercised warrants for 4,909,750 Class A common shares, generating gross proceeds of $736,462.50.
• The company’s consolidated cash balance is now approximately $875,000, providing liquidity to fund ongoing exploration at the Sy property and Red Lake gold district, support a planned spin‑out of Highland Red Lake Gold Corp., cover general working capital, and pursue strategic acquisitions.
• CEO Ted Yew highlighted that the additional capital positions the company well for continued exploration and acquisition opportunities while minimizing dilution to existing shareholders.

Key Details

• Warrant Exercise: 4,909,750 Class A common shares issued through warrant exercises.
• Gross Proceeds: $736,462.50.
• Current Cash Position: Approximately $875,000 consolidated cash balance.
• Use of Proceeds:
• Fund exploration activities at the Sy property and Red Lake gold district.
• Support the plan of arrangement for the spin‑out of Highland Red Lake Gold Corp. (announced Aug 20 2025).
• General working capital.
• Identify and potentially acquire new strategic assets, aiming to limit dilution to shareholders.
• Management Comment: CEO Ted Yew stated the company is “extremely pleased” with shareholder support and that the treasury balance positions Highland to continue its exploration program and pursue acquisitions.

Notable Quotes

“We are extremely pleased to have the continued support of our shareholders through the warrant exercises. With the current treasury balance, the Company is well positioned to carry on its planned exploration activities at its Sy property and at the Red Lake gold district. As well, the Company is well funded to identify additional strategic acquisitions, minimizing any dilution to current shareholders.” – Ted Yew, CEO, Highland Critical Minerals Corp.