Highlander Silver Announces Full Exercise and Closing of Over-Allotment Option

Executive Summary

• Highlander Silver Corp. exercised the full over‑allotment option, issuing an additional 2,330,000 common shares at C$3.75 each, raising C$8,737,500.
• Total gross proceeds from the offering now equal C$94,987,500.
• Net proceeds are earmarked for advancing exploration and development at the San Luis gold‑silver project in Peru, property investigations/acquisitions, working capital and general corporate purposes.

Key Details

• Over‑Allotment Option: Fully exercised; 2,330,000 additional common shares purchased at C$3.75 per share.
• Additional Gross Proceeds: C$8,737,500 from the over‑allotment purchase.
• Total Gross Proceeds (Offering + Over‑Allotment): C$94,987,500.
• Underwriting Syndicate: Lead underwriter and sole bookrunner – National Bank Financial Inc.; participants – Canaccord Genuity Corp., Velocity Trade Capital Ltd., CIBC World Markets Inc., Ventum Financial Corp., BMO Nesbitt Burns Inc., and Cormark Securities Inc.
• Offering Structure: Bought‑deal public offering closed 29 Sept 2025; completed in all Canadian provinces/territories except Quebec under a prospectus supplement to the short‑form base shelf prospectus dated 10 Apr 2025. U.S. portion executed as a private placement under an exemption from registration requirements.
• Use of Proceeds:
• Fund advancement of exploration and development activities, project studies, and permitting at the San Luis gold‑silver project (Peru).
• Support property investigation and acquisition activities.
• Provide working capital and general corporate purposes.
• Regulatory Filings: Prospectus Supplement, Base Shelf Prospectus, and Underwriting Agreement available on SEDAR+ (www.sedarplus.ca).
• Share Registration Notice: The newly issued common shares are not registered under the U.S. Securities Act and will not be offered or sold in the United States except pursuant to applicable exemptions.

Notable Quotes

(No executive quotes were included in the release.)