Bear Creek Mining

Toronto – October 12, 2026 -- Highlander Silver Corp. (TSX: HSLV) has secured a US$40 million non-brokered private placement from strategic investor Eric Sprott, who agreed to buy 8,060,226 common shares at C$6.80 each.

Sprott is described as an arm's length investor and is already a strategic shareholder of the company. The shares carry a statutory four-month hold period under Canadian securities laws.

Highlander expects US$100 million in cash after closing the Bear Creek combination

President and CEO Daniel Earle said the added capital will accelerate growth plans across the portfolio. With the investment, the company expects to hold US$100 million in cash at the closing of its previously announced combination with Bear Creek Mining, disclosed on December 19, 2025.

The combination would add the Corani silver project, which Earle described as one of the largest permitted primary silver deposits in the world.

Toronto – October 12, 2026 -- Highlander Silver Corp. (TSX, NYSE American: HSLV) held about US$100 million in unaudited cash and no debt as of March 31 and forecasts a year-end cash balance of roughly US$60 million, according to its first portfolio update since completing the combination with Bear Creek Mining.

The Mercedes gold-silver mine in Sonora, Mexico, made a positive cash contribution in its first month of operations after restructuring under the new owner. President and CEO Daniel Earle said the baseline spending plan preserves flexibility to scale up exploration programs later in the year.