Permits in Hand and Ready to Construct
Received all key state permits to operate Copperwood Project
Feasibility Study completed in 2023
Highland Copper is in the right place at the right time. With global copper demand surging and new supply lagging, our Copperwood Project stands out as one of the most advanced copper developments in the pipeline—fully permitted, backed by a completed feasibility study, and positioned for a construction decision in 2026. Construction is targeted to begin in 2027, with first production expected in H2 2029. Located in a tier-one mining jurisdiction in Michigan, USA, Copperwood offers strong leverage to copper prices and a compelling opportunity for a meaningful re-rate as we transition from development toward operations.

The long-awaited copper cycle is finally in motion. Demand is accelerating across the board, driven by the global energy transition, electrification, AI infrastructure, and growing defense needs, while supply remains constrained after decades of underinvestment. With the U.S. government prioritizing the strengthening of domestic critical-mineral supply chains, and copper now officially designated as a critical mineral, the metal’s strategic importance has never been clearer.
Received all key state permits to operate Copperwood Project
Feasibility Study completed in 2023
25% increase in copper price increases Copperwood NAV by 300%
Higher Price/NAV multiple transitioning to production
Copper designated critical minerals by USGS, EXIM LOI for up to US$250 debt financing
Approval received from MSF and House Appropriations Committee
Financial boost and key endorsement from Michigan
Strong local community support in Upper Peninsula, Michigan

Highland Copper is arguably the most advanced copper development company in its peer group, with the highest leverage to copper price. Michigan distinguishes itself as one of few jurisdictions permitting and seeking to incentivize mine development for critical minerals. Highland looks forward to generating value through internal execution and a strong copper price environment.