Business
Highland Critical Minerals Corp. Enters into Binding Letter of Intent to Acquire Mining Claims Located in the Territory of Nunavut
Toronto, Ontario--(Newsfile Corp. - November 7, 2025) - Highland Critical Minerals Corp. (CSE: HLND) ("Highland" or the "Company") is pleased to announce that it has entered into a binding letter of intent (the "LOI") to acquire a 100% interest in certain mining claims located in the Territory of Nunavut, Canada. The mining claims represent approximately 3,138.874 hectares of mineral exploration property located in the Yathkyed Lake Greenstone Belt, in the Kivalliq Region of Nunavut (the "Mining
About this update from Highland Critical Minerals Corp. Class A
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - November 7, 2025) - Highland Critical Minerals Corp. (CSE: HLND) ("Highland" or the "Company") is pleased to announce that it has entered into a binding letter of intent (the "LOI") to acquire a 100% interest in certain mining claims located in the Territory of Nunavut, Canada. The mining claims represent approximately 3,138.874 hectares of mineral exploration property located in the Yathkyed Lake Greenstone Belt, in the Kivalliq Region of Nunavut (the "Mining Claims"). The Company will complete the acquisition of the Mining Claims (the "Acquisition") through its wholly owned subsidiary, 6025 Nunavut Ltd.","length":698,"tagName":"p"},{"type":"text","content":"Terms of the AcquisitionUnder the terms of the Acquisition the Company will issue 50,000 class A common shares of the Company in consideration for the Mining Claims (the "Consideration Shares"). Pursuant to the LOI, the Consideration Shares will be subject to a minimum lockup period of one year following completion of the Acquisition.","length":347,"tagName":"p"},{"type":"text","content":"The LOI provides for an exclusive negotiating period between the Company and the vendor of the Mining Claims of 120 days from the signing of the LOI (the "Exclusivity Period") and is subject to completion of customary due diligence by Company. Prior to the expiry of the Exclusivity Period, the parties will negotiate and enter into a definitive purchase agreement with respect to the Acquisition. The definitive agreement is expected to include customary covenants, closing conditions, including required regulatory approvals, indemnification provisions and termination rights. There can be no assurances that the Company will enter into a definitive agreement or complete the Acquisition.","length":700,"tagName":"p"},{"type":"text","content":"The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.","length":183,"tagName":"p"},{"type":"text","content":"ABOUT HIGHLAND CRITICAL MINERALS CORP.","length":38,"tagName":"p"},{"type":"text","content":"Highland is a mineral exploration and development company. Its activities consist of acquiring and exploring, mining propertie...