Highland Critical Minerals Corp. Comments on Market Activity

Executive Summary

• Highland Critical Minerals Corp. exercised warrants for 2,997,250 Class A common shares, generating gross proceeds of $449,587.50.
• Proceeds are earmarked to fund ongoing exploration at the Sy property (Nunavut) and Red Lake, support a previously announced spin‑out plan for Highland Red Lake Gold Corp., provide general working capital, and pursue new acquisitions.
• The company reaffirmed that management is unaware of any material operational change driving recent market activity and highlighted an existing 12‑month investor‑relations service agreement with Proactive Investors North America Inc.

Key Details

• Warrant Exercise: 2,997,250 Class A common shares issued via warrant exercise.
• Gross Proceeds: $449,587.50.
• Use of Proceeds:
• Continue funding exploration activities at the Sy property (Nunavut) and Red Lake.
• Support the previously announced plan of arrangement for spinning out Highland Red Lake Gold Corp.
• General working capital.
• Identify and fund new acquisition opportunities.
• Operational Update: Ongoing exploration program at Sy property (Nunavut) and Red Lake; market update expected in coming weeks.
• Investor Relations Agreement: Service agreement with Proactive Investors North America Inc. for media services, research reports, and analyst videos; 12‑month term with automatic annual renewal unless 90‑day notice is given.
• Regulatory Note: The Canadian Securities Exchange has not reviewed or approved the contents of this release.

Notable Quotes

(No direct quotes were provided in the release.)