Highlander Silver Secures $9.2 Million in Strategic Financing for Peruvian Project

Highlander Silver Corp., a mineral exploration firm, has successfully raised $9.2 million through a strategic financing round, selling 20,514,222 common shares at $0.45 each. Esteemed investors including the Lundin family, Richard Warke, and newcomer Eric Sprott participated in this offering.

According to Highlander Silver's CEO, David Fincham, the investment will expedite the development of the San Luis gold-silver project in Ancash, Peru. The company anticipates using the net proceeds from the offering for project acquisition costs, geological surveys, and general corporate activities. This acquisition from SSR Mining is projected to finalize in May 2024 following the agreement made last November.

The completion of this offering, pending CSE approval, marks a significant step towards advancing Highlander Silver's operations in the Central Andes, further supported by the company's strong backing from influential financial figures in the industry.