Highland Copper (HI) Sells 34% White Pine Project for Approximately $30 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Source: Globenewswire
- Agreement Signed: Highland Copper has signed a definitive Membership Interest Purchase Agreement with Kinterra to sell its 34% interest in the White Pine North Project for approximately $30 million, reflecting the company's proactive asset optimization strategy.
- Cash Flow Improvement: The transaction includes $18.3 million in cash, net of the outstanding loan principal and interest owed to Kinterra, which is expected to total around $11.7 million at closing, significantly enhancing the company's liquidity.
- Debt Clearance Plan: Proceeds from the sale of White Pine will be utilized to fund corporate and Copperwood Project activities, eliminate existing debt, and streamline the overall corporate structure, thereby improving financial health.
- Transaction Timeline: The parties aim to close the transaction in January 2026, with a final deadline of February 27, 2026, subject to TSX Venture Exchange approval and other customary conditions, ensuring the company's future stability.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
