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Highland Copper Announces Further Extension of White Pine Closing
Press Release | 04/13/2021
LONGUEUIL, Quebec, April 13, 2021 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company (“CRC”), a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to June 30, 2021. The final closing of the acquisition is subject to certain conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and the posting of a US$1.7 million environmental bond with the State of Michigan.
The Company is pursuing various options to secure the funds needed for the environmental bond, to settle all of its liabilities and to meet its existing commitments. These efforts include discussions with its major shareholders, lenders, and royalty holders. As previously announced, the Company and Osisko Gold Royalties Ltd have agreed on the terms and conditions pursuant to which Osisko intends to exercise its silver royalty option that was originally granted by the Company to Osisko in December 2014. Subject to certain conditions, Osisko would pay to the Company an initial tranche of US$3 million on closing.
Cautionary Statement
Certain statements contained in this news release constitute forward looking information under the provisions of Canadian securities laws, including statements about the Company’s plans to complete the acquisition of the White Pine North property, plans to complete the proposed transaction with Osisko and the exercise of the silver royalty option, as well as plans to complete one or more transactions to settle the Company’s working capital deficiency and to fund the Company. Considering the Company’s financial condition and the state of the capital markets for a company such as Highland, there is no assurance that the Company will be able to meet to complete the transactions described herein. The information contained herein reflects Highland's views as of the date of this news release. Forward looking information is based on assumptions, and by its nature is subject to risks and uncertainties that may cause actual future events to differ materially from those anticipated in it. The Company does not intend, and does not assume any obligation, to update forward-looking information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking information.
About Highland
Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Denis Miville-Deschênes, President & CEO
Tel: +1.450.677.2455
Email: info@highlandcopper.com
When selling at bid .076 you get .081
Who hides the bid other than a MM trying to keep the price from tanking. LoL I've never seen that before and it appears like desperation.
PM Power Group took over the White Pine Mine so Highland has been pulling our chain with one lie after another because they have no authority to even be on the property let alone think that they're going to close it with an operator utilizing the facility.
I'm out! Highland is full of shit! White Pine Mine is currently in phase II with another company transforming the mine site. So why on earth would Highland need the reclamation bond when another well funded company is already using the facility?
39.40% % of Shares Held by All Insider
18.66% % of Shares Held by Institutions
30.79% % of Float Held by Institutions
Creeping up to .20 before public even notices.
I believe Highland is preparing to bust loose.
Entry price @ .0245 U.S. This may start to get interesting. My portfolio is almost entirely Uranium plays, but this company caught my attention awhile back.
https://copper.com.au/news/antimicrobial-copper/u-s-approves-copper-for-residual-use-against-coronavirus/
February 15, 2021 · Antimicrobial Copper, General
The U.S. Environmental Protection Agency announced that certain copper alloys provide long-term effectiveness against the virus that causes COVID-19, the first product to get the approval.
Here is the EPA’s media release:
WASHINGTON (February 10, 2021) — Today, the U.S. Environmental Protection Agency (EPA) is announcing that certain copper alloys provide long-term effectiveness against viruses, including SARS-CoV-2, the virus that causes COVID-19. As a result of EPA’s approval, products containing these copper alloys can now be sold and distributed with claims that they kill certain viruses that come into contact with them. This is the first product with residual claims against viruses to be registered for use nationwide. Testing to demonstrate this effectiveness was conducted on harder-to-kill viruses.
“Providing Americans with new tools and information to fight the virus that causes COVID-19 is one of EPA’s top priorities,” said Acting Assistant Administrator for EPA’s Office of Chemical Safety and Pollution Prevention Michal Freedhoff. “Today’s action marks another step forward in EPA’s efforts to listen to the science and provide effective tools to help protect human health.”
In today’s action, EPA is granting an amended registration to the Copper Development Association for an emerging viral pathogen claim to be added to the label of Antimicrobial Copper Alloys- Group 1 (EPA Reg. No. 82012-1), which is made of at least 95.6 percent copper. Amended registrations allow previously registered products to make label changes (e.g., changes to product claims, precautions and/or use directions) and/or formulation changes. In this case, the amended registration is adding virus claims to the product registration.
New efficacy testing supported by the Copper Development Association and conducted according to EPA’s protocols demonstrated certain high-percentage copper alloy products can continuously kill viruses that come into contact with them. Based on testing against harder-to-kill viruses, EPA expects these products to eliminate 99.9 percent of SARS-CoV-2, the virus that causes COVID-19, within two hours.
Antimicrobial copper alloys can be manufactured into a wide range of surfaces, including doorknobs and handrails. These high-percentage copper alloy products will be added to the List N Appendix , the Agency’s list of residual antiviral products that can be used to supplement routine cleaning and disinfection to combat SARS-CoV-2. To find products for routine cleaning and disinfection, see EPA’s List N.
The use of antimicrobial copper alloy products supplements but does not replace standard infection control practices. Individuals should continue to follow Centers for Disease Control (CDC), state, and local public health guidelines, including critical precautions like mask wearing, social distancing, and ventilation. According to the CDC, COVID-19 is thought to spread mainly through close contact from person to person.
For more information on how copper alloy products can be used against viruses, see EPA’s website or the product’s label in the Pesticide Product and Label System .
https://www.bloomberg.com/news/articles/2021-02-15/copper-hits-highest-level-since-amid-concerns-over-supplies
Copper climbed to the highest level since 2012 as a risk-on mood across global markets helped to lift equities and put pressure on the dollar.
Prices have soared on optimism that the use of coronavirus vaccines will aid a rebound in global growth. Copper climbed 5.3% last week on the London Metal Exchange, in the biggest gain since July.
The metal used in pipes and wires edged higher Monday even as public holidays in China and the U.S. contributed to thin trading conditions. While new Covid-19 variants are threatening to temper the outlook, investors are banking on U.S. government spending and the coronavirus vaccine rollout to boost the economic recovery.
“There’s a risk-on mood across the whole market, whether it be oil, equities or metals,” Colin Hamilton, managing director for commodities research at BMO Capital Markets Ltd, said by phone from London. “It’s one of those markets where even bad news is good news.”
LME prices have rallied strongly during the closure of Chinese markets for the Lunar New Year holidays, and investors expect that the usual dip in factory output over the period may be less severe this year owing to restrictions on travel.
U.S. markets are shut for Presidents’ Day on Monday, while exchanges in China, Hong Kong and Taiwan are also closed. Chinese markets will reopen on Thursday.
Copper climbed as much as 0.9% to $8,406 a ton on the London Metal Exchange, the highest level since 2012, before paring gains to close at $8,394 a ton. Tin paced gains in most metals, closing 3.1% higher after an unprecedented spike in spot contracts.
Production guidance from the top 25 copper producers indicates the market may be in a sizable deficit this year, “assuming our scenario of 5% demand growth is in the ballpark,” according to Bloomberg Intelligence analysts Grant Sporre and Andrew Cosgrove. Copper’s on course in February to post an 11th monthly gain.
Commodity Titans to Weigh In on Supercycle Talk as Prices Rally
Copper is “being driven by a cocktail of positive factors -- including rising inflation expectations caused by U.S. stimulus, a falling dollar, and historically low stocks,” said Gavin Wendt, a senior resource analyst at MineLife Pty. “The 2021 copper production outlook is likely to be negatively impacted as a result of Covid in a number of major South American producing nations.”
— With assistance by Swansy Afonso
$HDRSF ready to fly Top Brass loading heavy.
Little by little, multiple millions of shares have been acquired.
Any breakout will leave any short left behind.
Just one broker dealer manipulating the ask back and fourth.
This will be big with a 27 year mine life. I remember White Pine's stock price over $30 per share when I was younger and technology is so much more advanced since then.
When this flies, there is no stopping.
Canadian broker dealers are buying and selling to itself. Reported to FINRA
$HDRSF Canada Vancouver exchange being investigated for stock manipulation linked to China. Highland is being reported for suspicious activity of manipulative broker dealers undercutting and selling away to undermine value.
$HDRSF Highland Copper Announces Corporate Update
Highland Copper Announces Corporate Update
Press Release | 11/30/2020
LONGUEUIL, Quebec, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) announced today that the credit agreement with Osisko Gold Royalties Ltd and Greenstone Resources II LP entered into on May 20, 2019 was further amended. The maturity date for the repayment of the US$5,000,000 loan plus accrued interest was extended to January 31, 2021, provided however that the lenders may demand repayment of the loan and accrued interest at any time prior to the maturity date.
About Highland
Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Denis Miville-Deschênes, President & CEO
Tel: +1.450.677.2455
Email: info@highlandcopper.com
The news is the new smoke stack tower was erected for the burn off of contaminated soil from the past mining operations which was fuel related. The soil contamination was removed and incinerated on site rather than hauling it off off site for the removal.
The crews finished the revitalization over a month ago then removed the newly built tower all together once the project was complete. There must have been a stipulation with the bonding issue before the transfer of the restoration or reclamation bond could be transferred to new ownership.
The site has now been restored contaminant free.
It appeared that new overburden was also removed to the south of the existing project and ready for mining.
Please post pictures soon. ha-ha-ha - Just kidding.
Altho actually ? Wouldn't mind seeing a few !
I just talked to him and he will be there tomorrow. I'll let you know then what I find out. This operation will be using state of the art equipment unlike White Pine shovel extraction methods.
When he drove by before he said a new stack was erected and machinery was being parked on the other side of Hwy 164. He's going to take pics.
Asom great to hear!
I have a buddy that's going by the site today. Satellite maps show overburden being removed with a newly built emissions stack. It looks like the site has been expanded. There is a ton of silver in that deposit from the essays reported even gold.
With a 27 year deposit life it appears that this deposit will out weigh the operation that White Pine once enjoyed.
Any new news here haven’t heard or read much.
Shorts playing old Bear Sterns tricks going down hard.
The broker dealer undercutting the ask just to bring the price down is about to pay the price and will be the one going down.
This was reported to Finra for broker dealer manipulation of a security so if these games will be played, let the games begin.
On radar.
White Pine getting active. New infrastructure.
Copper in high demand. Infrastructure bill will send this sailing.
A giant smoke stack has been erected at the Upper Michigan site. Looks like they are preparing to process at White Pine.
I bought at .03 was filled at .026
The seller is hiding their sell price. Total manipulation when I would have bought .03
This makes it look like a sell when it was really a buy. This is how the TSX holds a stock back.
https://www.highlandcopper.com/
A ton of good info on a very well put together website.
“We have achieved another important milestone with all major permits required to build and operate the Copperwood mine now in place. This is the culmination of significant work completed in the past year by our Michigan team and I believe we have, most importantly, achieved the social license to operate in the community.”
Highland Copper announces receipt of mining and other permits for its Copperwood Project and provides a corporate update
Press Release | 01/18/2019
LONGUEUIL, Quebec, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) is pleased to announce the receipt of the mining, air and dam safety permits from the Michigan Department of Environmental Quality (“MDEQ”) for its Copperwood project located in the Upper Peninsula, Michigan, USA.
Mining Permit
The MDEQ has approved the Company’s request to amend the Mining Permit originally granted in 2012 to Copperwood Resources Inc., the Company’s 100%-owned subsidiary, under the provisions of Part 632, Nonferrous Metallic Mineral Mining, of the Natural Resources and Environmental Protection Act. The amendment was required to allow the Company to begin construction at Copperwood in accordance with the changes to the mine plan and facilities described in the updated feasibility study released on June 15, 2018.
Upon review and consideration of comments received during a public hearing held on October 24, 2018 and a subsequent written comment period regarding the proposed amendments, the MDEQ issued a final decision to approve the amendments requested by the Company. The amendments were approved under certain conditions that the Company will have to meet, namely:
Provide a revised subsidence monitoring plan for the life of mine and post closure period;
Provide a plan to conduct confirmation baseline environmental sampling and review prior to the start of mining operations;
Reclaim the ore stockpile area and dispose of the geomembrane liner according to regulations; and
Reclaim or remove water intake and power supply infrastructure according to approved plans unless beneficial use agreements are established with another party.
Other key permits received – Air, Dam Safety and Wetlands
Based on the 2018 updated feasibility study on Copperwood, the Company had filed applications with the MDEQ to either amend, renew or obtain all other permits required to begin mine construction at Copperwood.
In addition to the Mining Permit, the Company has received three additional key permits from the MDEQ: the Part 55 Air Discharge Permit, the Part 315 Dam Safety Permit-Tailing Dam and, as previously announced, the Part 301/303/325 Wetland Permit. The application to obtain a Lake Superior water intake permit from the US Army Corps of Engineers (COE) is outstanding and a final decision is expected in the next few weeks.
Denis Miville-Deschênes, President & CEO of Highland Copper commented: "We have achieved another important milestone with all major permits required to build and operate the Copperwood mine now in place. This is the culmination of significant work completed in the past year by our Michigan team and I believe we have, most importantly, achieved the social license to operate in the community."
The Michigan team continues to work internally on various aspects to improve the economics of the project including items such mine design, process plant and mobile equipment selection and financing options, concentrate transport options study, and power and communication infrastructure planning.
Insiders Buying - Highland Copper Company Inc (CVE:HI) Director Denis Miville-Deschênes bought 792,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of C$0.06 per share, for a total transaction of C$47,520.00.
Lets hope we hear about the closing on the date of the closing date this time. Not after the fact like last time.
$HDRSF News Out! Highland Copper Announces Filing of NI 43-101 Technical Report for its Copperwood Project in Michigan, USA
LONGUEUIL, Quebec, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSX-V: HI, OTCQB: HDRSF) (the “Company”) is pleased to announce that it has filed on SEDAR a technical report for its Copperwood Project prepared in accordance with Canadian Securities National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) and Form 43-101F1.
The technical report supports the disclosure made by the Company in its June 15, 2018 news release entitled “Highland Copper Announces Positive Feasibility Study Results for its Copperwood Project in Michigan - IRR of 18% After Tax, Capital Cost of $275 M and an Average Payable Copper Production of 61.7 M lbs per Year”. The effective date of the technical report is June 14, 2018, and there are no material differences between the results announced in the news release and those contained in the report filed on SEDAR (www.sedar.com) and available on the Company’s website (www.highlandcopper.com).
https://www.otcmarkets.com/stock/HDRSF/news/Highland-Copper-Announces-Filing-of-NI-43-101-Technical-Report-for-its-Copperwood-Project-in-Michigan-USA?id=199611
$HDRSF Come on Highland, throw us a bone.
Highland Copper Company moves forward with new copper mine
http://www.uppermichiganssource.com/content/news/Highland-Copper-Company-moves-forward-with-new-copper-mine-485966791.html
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