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.
Net proceeds will fund project advancement and working capital
Highlander plans to use the net proceeds to advance its mineral projects and for working capital and general corporate purposes. The company may pay a finder's fee to eligible arm's length finders, as permitted by securities laws and Toronto Stock Exchange rules.
Closing is expected on or around January 30, 2026. It remains subject to customary conditions, including regulatory approvals and Toronto Stock Exchange acceptance.
San Luis resource grades rank among the world's top 10 in gold and silver
The company's lead asset is the San Luis gold-silver project in Central Peru, adjacent to the past-producing Pierina mine. San Luis hosts Indicated Mineral Resources of 356 koz gold at 24.4 g/t and 8.4 Moz silver at 579 g/t. According to S&P Global rankings cited by the company, it ranks among the 10 highest-grade projects globally in both the gold and silver categories.
Existing significant shareholders include the Augusta Group, the Lundin family and Sprott. The securities have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption.