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Highlights:

  • HI engages Velocity Trade to help maintain orderly trading and reduce share price volatility.
  • The agreement is subject to TSX Venture Exchange approval and involves no related-party ties.
  • Highland Copper to pay CAD 6,000 monthly for services, with 30-day termination notice after 60 days. 

Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) is a Canadian mineral exploration and development company focused on copper projects in the Upper Peninsula of Michigan, U.S.A. The Company holds the Copperwood deposit through long-term mineral leases and has a 34% interest in the White Pine North project through a joint venture with Kinterra Copper USA LLC. In addition to its mineral rights, Highland also holds surface rights at the Copperwood site, securing future access and space for potential infrastructure development. 

The company has entered into an agreement with Velocity Trade Capital Ltd. to provide market liquidity services. The engagement is part of Highland’s effort to maintain an orderly market for its shares, reduce trading volatility, and improve liquidity. The arrangement is subject to approval by the TSX Venture Exchange. 

Under the agreement, Velocity Trade will trade the Company’s shares on the TSX Venture Exchange to stabilize market activity, without using any capital provided by Highland. Instead, all funding and securities required for this market making will be supplied by Velocity Trade. 

Highland will pay a monthly fee of CAD 6,000 for these services. After the initial sixty-day period, either party can terminate the agreement by giving the other thirty days’ written notice. The agreement is intended solely for market support and does not include any other arrangements between the two companies. 

Velocity Trade is an independent investment dealer headquartered in Toronto, Ontario. It is registered to operate in multiple Canadian provinces, including Ontario, Quebec, British Columbia, Alberta, and Manitoba. The firm is a member of the TMX and the Canadian Investment Regulatory Organization (CIRO). Velocity Trade and its affiliated entities also operate internationally under various regulatory authorities, such as the UK’s Financial Conduct Authority (FCA), the Netherlands’ Authority for Financial Markets (AFM), the Australian Securities and Investments Commission (ASIC), South Africa’s Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS). 

Highland clarified that the two companies are not related parties and do not have any agreements beyond the one outlined in the announcement. The contract is focused solely on market making and liquidity services. The proposed engagement remains subject to acceptance by the TSX Venture Exchange, and no activities under the contract will commence until such acceptance is granted. 

As of this announcement, Highland Copper has 736,363,619 common shares issued and outstanding. The Company’s common shares are listed on the TSX Venture Exchange under the ticker “HI” and trade on the OTCQB Venture Market under the symbol “HDRSF.” 

Highland’s primary focus remains on evaluating and advancing its copper assets in the U.S., particularly within a region historically known for copper mining. Both the Copperwood and White Pine North properties are situated in Michigan's western Upper Peninsula, a location with established infrastructure and a mining-supportive environment.