Highland Copper Recaps 2025 Execution and Announces 2026 Work Plan to Advance Copperwood Toward Construction Decision
View original at globenewswire.comHighland Copper Recaps 2025 Execution and Announces 2026 Work Plan to Advance Copperwood Toward Construction Decision VANCOUVER, British Columbia, Jan…
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Company is well positioned in Michigan's Upper Peninsula where there is strong regional availability of skilled, unionized trades
80% confidenceDrift and fill mining method has the potential to increase mine recoveries relative to the room and pillar method considered in the feasibility study
80% confidenceCompany has 738,188,122 common shares issued and outstanding
80% confidenceHighland is very thankful to Wynand for his service to the Copperwood project. During his tenure, the project has rapidly advanced from an engineering and site readiness perspective. Most impactful, Wynand's metallurgical expertise was instrumental in the process plant design and improved copper recoveries
80% confidenceU.S. EXIM LOI for $250 million represents approximately 60% of initial capital
80% confidenceAny permit amendments under consideration will generally reduce the environmental impact of the project, while increasing its technical and financial strength
80% confidenceConclusion of debt financing process is only expected to conclude when detailed engineering is advanced to approximate 40% FEED target
80% confidenceHighland does not expect Project Director transition to impact the 2026 work plan due to strong technical team
80% confidenceFollowing closing of White Pine transaction, Highland Copper anticipates having no debt, in excess of $20 million in cash, and sole focus on advancing Copperwood
80% confidencePhase 2 FEED engineering goal is to advance engineering to approximately 40% for process plant and mine, and approximately 80% for tailings disposal facility
80% confidenceWe are very pleased with our execution in 2025, advancing Highland in all key areas of engineering, site work, project financing and corporate development
80% confidenceWhite Pine transaction anticipated to close by February 28, 2026
80% confidenceImproved copper recoveries to 87.6% from revised process flow sheet through incorporation of ultrafine flotation technology, increasing recoveries by 1.6 percentage points at lower operating costs
80% confidenceFor construction phase, Company expects to assess availability of regional rental housing and temporary accommodation options. For operations, will evaluate housing solutions potentially including engagement with local authorities
80% confidence