Highland Copper’s key assets are the 100% owned Copperwood project and the 34% owned White Pine North project. The projects are located in the Copper Range District of the Upper Peninsula of Michigan, U.S.A. The Copper Range district is well known for hosting significant concentrations of copper and silver in numerous deposits. During its productive period, from 1845 to 1995, the area produced in excess of 15 billion pounds of copper.

Highland’s goal is to become a copper producer by developing the fully-permitted, Copperwood project in the near term. Copperwood has a 2023 Feasibility Study and hosts 1.8 billion pounds Measured and Indicated contained copper (54.2 million tonne of 1.51% copper grade) and 1.9 billion billion pounds Inferred contained copper (79.1 million tonnes of 1.09% copper grade). This generates an initial 11 year mine life, with considerable potential to convert the 79.1 million inferred tonnes and increase mine life.

Along with its joint venture partner, Kinterra, Highland will also advance the White Pine North project through permitting and Feasibility Study. White Pine North has the results of a 2023 Preliminary Economic Assessment recently announced and hosts 3.5 billion pounds Indicated contained copper (150.7 million tonne of 1.05% copper grade) and 2.2 billion billion pounds Inferred contained copper (96.4 million tonnes of 1.03% copper grade).

The joint venture transaction announced with Kinterra in July 2023 has generated liquidity and funding for both key projects.