Highlander Silver Corp. announced on September 24, 2025, a public offering of 23,000,000 common shares at C$3.75 per share, for total gross proceeds of C$86,250,000. The offering was led by National Bank Financial Inc., with a syndicate including Canaccord Genuity Corp., Velocity Trade Capital Ltd., CIBC World Markets Inc., Ventum Financial Corp., BMO Nesbitt Burns Inc., and Cormark Securities Inc. The underwriting agreement was finalized on the announcement date, and the offering closed on September 29, 2025.

The underwriters received a 5% fee, totaling C$4,312,500. After deducting fees and estimated expenses, net proceeds to Highlander Silver are approximately C$81,537,500. An over-allotment option allows the underwriters to purchase up to an additional 2,330,000 shares within 30 days of closing, potentially increasing total proceeds to C$94,987,500 if fully exercised.

Funds raised will support the advancement of exploration and development activities, project studies, and permitting at the San Luis gold-silver project in Peru. Additional uses include property investigation, acquisition activities, working capital, and general corporate purposes. Legal counsel for Highlander Silver was Borden Ladner Gervais LLP, while Blake, Cassels & Graydon LLP represented the underwriters.