Steady-State Operations:
“Highland’s purpose is to make a definitive contribution to the economies of local communities in the Upper Peninsula and the state of Michigan, where we intend to operate. The potential economic contributions are significant through the creation of well-paying jobs, indirect economic activity and taxes. “
About Highland Copper Company
Highland Copper Company Inc. is a Canadian corporation focused on the exploration and advancement of copper projects in the Upper Peninsula of Michigan, United States. The Company owns the Copperwood deposit through long-term mining leases and 34% of the White Pine North project. The Company also owns surface rights that guarantee the deposit and offer area for infrastructure if necessary. The Company has 736,363,619 non-unusual shares issued and outstanding. Its non-unusual shares are indexed on the TSX Venture Exchange under the symbol “HI” and the industry on the OTCQB Venture Market under the symbol “HDRSF. “
Cautionary Note Regarding Forward-Looking Information
This press release comprises “forward-looking statements” and “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. These statements include, but are not limited to, statements relating to: (a) the expected structure charges and structure schedule of the Copperwood Project; (b) employment assigned for the structure and operation of the Copperwood Project; (c) the allocated tax benefits and GDP of the Copperwood Project; and (d) the expected economic benefits to local and state economies resulting from the structure and operation of the Copperwood Project. The forward-looking statements were based on the Company’s structure and operating budget for the Copperwood Project, which are summarized in the Company’s technical report titled “Copperwood Michigan Project Feasibility Study UpdateArray United States” dated April 20, 2023, available on SEDARPlus. (the “Technical Report”). Forward-looking statements are subject to a number of assumptions, including those set forth in the Technical Report, assumptions related to the location of workers and resources of products and services, and assumptions built into the IMPLAN style to allocate direct and indirect benefits. . These underlying assumptions may turn out to be incorrect. Important points that may also have a material effect on the Company’s expectations include: uncertainties related to the progress schedule of the Copperwood Project; adjustments to allocation parameters as plans continue to be refined; the availability of services, fabrics and professional hard work to structure and operate the Copperwood Project; the effects of regulation through government agencies; unforeseen charge increases, which may also be accompanied by significant increases in estimated capital and operating charges and the effects of inflation; fluctuations in steel prices and exchange rates; structure and other delays, structure, operation and rehabilitation charges that vary materially from those estimated or assigned, general market and industry conditions, and hazards set forth in the bidding documents, public data of the Company filed on SEDARPlus. Although the Company believes that the assumptions and points used to prepare the forward-looking statements contained in this press release are reasonable, undue reliance should not be placed on the forward-looking statements. All forward-looking statements contained in this press release are based on data available to the Company as of the date hereof, and the Company undertakes no legal responsibility to update any forward-looking statements, unless required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is found in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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