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Wednesday, 03/10/2021 8:53:09 AM

Wednesday, March 10, 2021 8:53:09 AM

Post# of 39
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?

WHITE PINE, Mich. (WLUC) - Northern Initiatives has received a $700,000 grant award to support Phase II development of the White Pine Copper Refinery at the former White Pine Mine in Ontonagon County. The US Department of Health and Human Services, Administration for Children and Families (ACF), Office of Community Services made the announcement as a part of their Community Economic Development (CED) Program.

The White Pine Copper Refinery Inc and PM Power Group own and operate an industrial-scale copper refinery facility with the capability to refine and reprocess 170,000,000 lbs. of copper cathode annually.

With CED funds, PM Power Group will bring the existing Electro Metal Electrowinning (EMEW) pilot plant to full-scale production.

The EMEW will allow the company to reclaim copper along with other precious and rare earth metals from material removed, recovered, and or diverted from landfills and other copper-rich waste. Funding specifically will be used to improve the digestive phase of production to produce the copper. The ultimate goal is to become a zero-waste facility at both ends of the production. And as the world continues to digitize and move toward electric and hybrid vehicles, the mine is responding to a fast-growing market.

“Essentially what we’ll be doing is taking environmental waste and creating pure copper cylinders for sale into the market” says PM Power Group COO Zach Holder. “We are using landfill diverted materials and copper-containing recyclable by-products from industry in our installed and permitted assets in White Pine to recycle a commodity that everyone needs.”

While it’s great news for PM Power Group, it’s even better news for the people of Ontonagon County. As a county with one of the highest unemployment rates in Michigan, Ontonagon County is in desperate need of jobs. Per the requirement of the CED grant program, the project is expected to create or retain a minimum of 35 jobs. Also required by the program, is for those jobs to be filled by low-income individuals. Northern Initiatives and PM Power Group will rely on UP Michigan Works! to help achieve this.

Northern Initiatives will loan the funds to PM Power group and when repaid will create more lendable capital for similar projects. In addition, the project exemplifies Northern Initiatives’ intentional three-prong approach to investing in small businesses.

“It’s really a win for everyone. But for NI, we see this as a triple bottom line success. Helping low-income individuals gain meaningful employment, supporting a clean environment through the reuse of landfill waste, and building a robust local economy in Ontonagon County is how we strive to invest with a sustainable impact,” remarks NI President Elissa Sangalli.

As a Community Development Financial Institution, Northern Initiatives is required to support small businesses in low-income areas of Michigan. Projects like the White Pine Copper Refinery help to meet that objective.

This is the absolute bull shit being told to stake holders.

Highland Copper Announces Further Extension of White Pine Closing
Press Release | 01/07/2021
LONGUEUIL, Quebec, Jan. 07, 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 March 31, 2021. The final closing of the acquisition is subject to a number of 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 replacing the related environmental bond. The Company is advancing the various steps required for the closing and aims to complete the acquisition of the White Pine North Project by the end of January, contemporaneously with the exercise by Osisko Gold Royalties Ltd of its silver royalty option (see news releases of September 11, 2020 and November 2, 2020). At the same time, the Company continues to evaluate various options to settle its working capital deficiency and to meet all existing commitments.

I'm sorry if anybody was misled by my posts from Highland and this mute company that has no funding to even continue with a site that is currently occupied by another company with funding. Highland Copper is not telling the truth and most likely doesn't even have enough cash on hand to pay for an update being so heavy with debt. Their last report stated they will also need to acquire a JV to continue. I'm pist that I had to find out the truth on the street about what is really going on at White Pine because this Highland horseshit company says nothing with no updates.

Another company, Subterra is also using the White Pine Infrastructure and underground infrastructure for a massive grow facility currently in operation with many site electrical upgrades. So the so called Highland closure plan is full of shit as it's currently being used and occupied.