- Eric Sprott, one of Canada’s most successful individual mining investors, has allocated US$40 million into Highlander Silver (TSX:HSLV), purchasing 8,060,226 shares priced at C$6.80
- Highlander Silver is advancing a flagship project that ranks among the top 10 highest-grade gold and silver projects in the world
- The junior silver and gold stock has added 218.22 per cent year-over-year
Eric Sprott, one of Canada’s most successful individual mining investors, has taken a US$40 million stake in Highlander Silver (TSX:HSLV), purchasing 8,060,226 shares priced at C$6.80.
The capital, raised through a non-brokered private placement, will go towards advancing Highlander’s project portfolio, including its bonanza-grade San Luis gold-silver project in Peru.
Located adjacent to the past-producing Pierina mine, San Luis hosts an indicated resource of 356,000 ounces of gold grading 24.4 grams per ton (g/t) of gold, as well as 8.4 million ounces of silver grading 579 g/t silver, placing it among the top 10 highest-grade projects globally for both precious metals, according to Tuesday’s news release.
The financing is expected to close on or around January 30, 2026, with shares subject to a four-month holding period under Canadian securities law.
Sprott’s investment – following his participation in a May 2024 financing priced at only C$0.45 per share – is timed to benefit from Highlander’s planned listing on the NYSE in Q1 2026.
Management commentary
“The additional capital will allow us to accelerate growth plans within our portfolio, which includes the bonanza-grade San Luis gold-silver project, one of the highest M&I resource grade projects in either the gold or silver sectors, and one of the largest permitted primary silver deposits in the world in the Corani silver project after the closing of the previously announced combination with Bear Creek Mining,” Daniel Earle, president and chief executive officer of Highlander Silver, said in a statement. “With this investment, we would expect to have US$100 million in cash at closing.”
About Highlander Silver
Highlander Silver is a junior silver and gold company active in Peru. Besides Eric Sprott, notable shareholders include Augusta Group and the Lundin family.
Highlander Silver stock (TSX:HSLV) is down by 0.83 per cent trading at C$7.16 as of 9:37 am ET. The stock has added 218.22 per cent year-over-year.
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