202611 releases
Highland Copper Announces Final Approval of US$50 Million Grant from the State of Michigan for Copperwood Project
The Michigan Strategic Fund granted final approval of US$50 million in performance-based funding under the Strategic Site Readiness Program for the Copperwood Project in Gogebic County, Michigan, comprising US$44,971,691 to Copperwood Resources Inc. and US$5,028,309 to the Gogebic County Road Commission. The Road Commission also secured a US$7,542,463 TEDF Category A grant from MDOT for County Road 519. The grant requires a definitive agreement with the MEDC, evidence by March 31, 2028 of US$150,000,000 in additional project financing, and a minimum of 380 qualified jobs.
CorporateHighland Copper Identifies Key Optimization Opportunities Through Detailed Engineering At The Copperwood Project
Engineering optimization work at the Copperwood project in Michigan, U.S.A. is being incorporated into an updated feasibility study targeted for Q1 2027, covering lower cut-off grades based on a long-term copper price of about US$4.80 per pound, possible bulk ore sorting to bring in the Upper Copper Bearing Sequence (10.2 million tonnes Measured and Indicated at 1.1% copper), and revised geotechnical assumptions. A simplified process flowsheet is expected to raise copper recovery to 87.6% from 86.0%. FEED is advancing toward 40% completion in 2026.
Study resultsHighland Copper Strengthens Leadership With Appointment of Trace Arlaud as Copperwood Project Director and Peter Hemstead as Interim CFO
Trace Arlaud has been appointed Project Director for the Copperwood project in Michigan's Upper Peninsula, and Peter Hemstead becomes Interim CFO while Cybill Tsung takes personal leave. Highland also formed a Technical Advisory Committee, engaged NH IR Advisory Corp. on a 12-month term for about $100,000, and granted 600,000 options at CDN$0.155 plus 250,000 to NH IR at CDN$0.145. The company targets 40% FEED in 2026, an updated Feasibility Study, and project financing including a $250 million EXIM Letter of Interest.
ManagementHighland Copper Acknowledged in White House Publication as Contributor to Expanding U.S. Domestic Mining
Highland Copper was named in an April 2026 White House Fact Sheet on strengthened Section 232 tariffs on steel, aluminum and copper imports, which lists the company alongside Ivanhoe Electric, Rio Tinto and Wieland as expanding U.S. copper mining, smelting and fabrication. The company is developing the Copperwood project in Michigan's Upper Peninsula and has received a Letter of Interest from the U.S. Export Import Bank for $250 million in project financing.
CorporateHighland Copper Closes Sale of 34% Interest in White Pine for US$30 Million
The sale of Highland Copper's 34% interest in the White Pine North Project in Michigan to joint venture partner Kinterra Copper USA LLC has closed for aggregate consideration of US$30.1 million, including US$18.3 million in cash net of US$11.8 million of loan principal and accrued interest outstanding at closing. Proceeds will fund Copperwood Project activities, eliminate the Kinterra debt, cover transaction costs and working capital. Highland also amended its Silver Royalty Option with OR Royalties on Copperwood.
AcquisitionHighland Copper Announces Upcoming Investor Presentation
President and CEO Barry O'Shea will present at the Precious Metals & Critical Minerals Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on February 10, 2026 at 12:00 p.m. Eastern Time, with an archived webcast to follow. Highland Copper has also engaged Delray Capital Markets Group for consulting, investor relations and market awareness services under a two-month term, for a cash fee of US$25,000 payable on execution and no equity compensation, subject to TSX Venture Exchange approval.
CorporateHighland Copper to Present at Upcoming Events
CEO Barry O'Shea will present at five investor events: the Noble Virtual Equity Conference on February 4, 2026 (8:30–8:55 AM ET), the OTC Markets Metals & Mining Investor Conference on February 10 (12:00–12:30 PM ET), the Emerging Growth Conference on February 25 (2:55–3:05 PM ET), Red Cloud's Pre-PDAC 2026 Mining Showcase in Toronto February 26–27, and PDAC in Toronto March 1–4, presenting March 2 at 11:02 AM ET from booth 2422B.
CorporateHighland Copper Recaps 2025 Execution and Announces 2026 Work Plan to Advance Copperwood Toward Construction Decision
A 2026 work plan for the Copperwood Project in Michigan targets completion of Phase 2 FEED engineering to approximately 40% (80% for the tailings disposal facility), an integrated mine plan review including assessment of drift and fill mining, appointment of debt finance and offtake advisors, and initiation of a project financing process, supporting a potential construction start in 2027. 2025 items included a revised flow sheet lifting copper recoveries to 87.6% and a $250 million U.S. EXIM letter of intent, about 60% of initial capital. The White Pine divestment is expected to close by February 28, 2026, leaving no debt and over $20 million in cash; Project Director Dr.
CorporateHighland Copper Signs Definitive Agreement for Sale of 34% Interest in White Pine for US$30 Million
A definitive Membership Interest Purchase Agreement has been signed with joint venture partner Kinterra Copper USA LLC to sell Highland Copper's 34% interest in the White Pine North Project in Michigan for aggregate consideration of approximately US$30 million, comprising US$18.3 million in cash net of roughly US$11.7 million of loan principal and accrued interest at closing. Cash calls under the joint operating agreement are suspended through closing. Closing is targeted for January 2026, with an outside date of February 27, 2026, subject to TSX Venture Exchange approval and other conditions. Proceeds will fund corporate and Copperwood Project activities and eliminate existing debt.
Acquisition
20257 releases
Highland Copper Signs Binding Offer From Kinterra to Sell 34% Interest in White Pine North for US$30 Million
A binding offer has been signed from joint venture partner Kinterra Copper USA LLC to sell Highland Copper's 34% interest in the White Pine North Project in Michigan for aggregate consideration of approximately US$30 million, comprising US$18.3 million in cash net of loan principal and accrued interest of about US$11.7 million at closing. Cash calls under the White Pine joint operating agreement are suspended through closing. The parties aim to complete the transaction by year end, subject to definitive agreements and regulatory approvals.
AcquisitionHighland Copper Completes Phase 1 Engineering and Announces Positive Results From Trade-off Studies at Its Copperwood Project
Phase 1 detailed engineering is complete at the 100%-owned Copperwood Project in Michigan, USA, with a redesigned process plant expected to achieve 87.6% copper recovery at a 25% copper concentrate grade and reduce processing costs by about $1.00 per tonne milled. Trade-off studies indicate drift-and-fill mining could raise mine recoveries from 69% to roughly 94%, and about 7.9 Mm³ of thickened tailings could be stored underground, cutting the surface tailings footprint by roughly 40%. Phase 2 will advance engineering to 35-40%; if permits are amended, the targeted Q2 2026 construction decision would likely defer to the second half of 2026.
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