Highland Copper Recaps 2025 Execution and Announces 2026 Work Plan to Advance Copperwood Toward Construction Decision

About this update from Highland Copper Co., Inc.

VANCOUVER, British Columbia, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) ("Highland Copper" or the "Company") is pleased to announce its 2026 work plan for the Copperwood Project in Michigan, designed to advance the project toward a near-term construction decision. The planned program focuses on completing Front-end Engineering and Design “FEED”, advancing project financing initiatives, and progressing key technical and commercial workstreams to position Copperwood for a construction decision. Proactive execution during 2025 has set the path for the 2026 work plan. Key achievements in 2025 included: Barry O’Shea, CEO of Highland Copper, stated “We are very pleased with our execution in 2025, advancing Highland in all key areas of engineering, site work, project financing and corporate development. Despite the strong execution, share price was potentially impacted by a trading overhang related to the Greenstone position. The block trade to facilitate their exit in late 2025 has removed this key trading impediment. From a project and corporate perspective, we are excited to lay out our 2026 work plan and drive value for our shareholders and regional stakeholders.” Key elements of Highland Copper’s 2026 work plan include: Detailed Engineering Site Work and Construction Readiness Appointment of Key Technical Advisors Project Financing Project finance is expected to be initiated at the appropriate time in parallel with ongoing engineering. Conclusion of the debt financing process is only expected to conclude when the detailed engineering is advanced to the approximate 40% FEED target. Planned Closing of White Pine Transaction A key 2026 initiative is closing the White Pine transaction. The transaction will eliminate debt, fully fund Copperwood for the 2026 work plan, and provide capital allocation clarity with a singular focus on Copperwood. It is anticipated that the transaction will close by February 28, 2026. Transition of Project Director Project Director, Dr. Wynand van Dyk, has been offered the opportunity to return to South Africa as an Associate Professor at the University of Stellenbosch. As a result, Dr. van Dyk will leave Highland on February 28th, 2026. However, he will remain contracted in a consulting capacity by Highland for an indefinite period following February 28th. Specifically...

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