{"id":5761,"date":"2025-12-19T08:00:00","date_gmt":"2025-12-19T13:00:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=5761"},"modified":"2025-12-19T20:32:16","modified_gmt":"2025-12-20T01:32:16","slug":"highlander-silver-tsx-hslv-merging-with-bear-creek","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/announcement\/highlander-silver-tsx-hslv-merging-with-bear-creek\/","title":{"rendered":"Highlander Silver (TSX: HSLV) Merging with Bear Creek"},"content":{"rendered":"\n
\n\n

\nNIA’s Highlander Silver (TSX: HSLV)<\/strong> is merging with Bear Creek<\/strong> in the \nmost value creative acquisition<\/strong><\/span> since NIA’s \nContango ORE (CTGO)<\/strong> merged with Dolly Varden Silver (TSXV: DV)<\/strong>!\n<\/p>\n\n\n

\nHighlander Silver and Bear Creek Mining Combine to Create Leading Growth Company in the Silver Sector\n<\/h2>\n\n
\nDec 19, 2025, 08:00 GMT | All monetary amounts are expressed in Canadian dollars, unless otherwise indicated.\n<\/div>\n\n\n
\nToronto, Ontario<\/strong> \u2014 Highlander Silver Corp. (TSX: HSLV)<\/strong> and \nBear Creek Mining Corporation (TSXV: BCM)<\/strong> announced a definitive agreement to combine their\nbusinesses by way of a plan of arrangement under the Business Corporations Act (British Columbia).\n<\/div>\n\n\n

Corporate Highlights<\/h3>\n
    \n
  • Creates a leading growth company in the silver sector by adding the Corani<\/strong> silver project to the bonanza-grade San Luis<\/strong> gold-silver project.<\/li>\n
  • Leadership team with extensive experience advancing projects in South America.<\/li>\n
  • Strong shareholder base including Augusta Capital, the Lundin family and Eric Sprott; debt-free<\/strong> post-transaction.<\/li>\n<\/ul>\n\n\n

    Flagship Assets<\/h3>\n\n
    \nSan Luis Gold-Silver Project \u2014 Ancash, Peru<\/strong>\n
      \n
    • Indicated Resources: 356 koz Au @ 24.4 g\/t<\/strong> and 8.4 Moz Ag @ 579 g\/t<\/strong><\/li>\n
    • Recent drill highlights up to 23.9m @ 20.82 g\/t Au<\/strong><\/li>\n
    • Permitting and geophysics advancing<\/li>\n<\/ul>\n<\/div>\n\n
      \nCorani Project \u2014 Puno, Peru<\/strong>\n
        \n
      • One of the world\u2019s largest primary silver deposits<\/li>\n
      • 2019 Feasibility Study: US$532M NPV5%<\/strong>, 22.9% IRR<\/strong><\/li>\n
      • Proven & Probable Reserves: 229 Moz Ag<\/strong><\/li>\n<\/ul>\n<\/div>\n\n
        \nMercedes Gold-Silver Mine \u2014 Sonora, Mexico<\/strong>\n
          \n
        • Operating underground mine with a 2,000 tpd<\/strong> plant<\/li>\n
        • 2024 production: 40,220 oz Au<\/strong> and 217,676 oz Ag<\/strong><\/li>\n
        • Prospective land package spanning 69,284 ha<\/strong><\/li>\n<\/ul>\n<\/div>\n\n\n

          Selected Comments<\/h3>\n\n
          \nDaniel Earle<\/strong>, President & CEO, Highlander Silver
          \n\u201cThis transaction allows us to scale into the emerging structural bull market for silver\u2026\u201d\n<\/div>\n\n
          \nEric Caba<\/strong>, President & CEO, Bear Creek
          \n\u201cThe combination will result in a robust silver-focused enterprise\u2026\u201d\n<\/div>\n\n
          \nBill Heissenbuttel<\/strong>, President & CEO, Royal Gold
          \n\u201cCorani is moving into the hands of a well-capitalized company\u2026\u201d\n<\/div>\n\n\n

          Transaction Summary<\/h3>\n
            \n
          • Arrangement Agreement signed: December 18, 2025<\/strong><\/li>\n
          • Exchange ratio: 0.1175<\/strong> Highlander shares per Bear Creek share<\/li>\n
          • Pro forma ownership: ~82%<\/strong> Highlander \/ ~18%<\/strong> Bear Creek<\/li>\n
          • Expected close: Q1 2026<\/strong><\/li>\n<\/ul>\n\n\n

            \nCorani Project \u2014 Mineral Reserve & Resource Summary\n<\/h3>\n\n
            \n
            \n\n\n\n\n\n\n\n
            Category<\/th>\nTonnes (Mt)<\/th>\nAg (g\/t)<\/th>\nPb (%)<\/th>\nZn (%)<\/th>\nAg (Moz)<\/th>\nPb (M lb)<\/th>\nZn (M lb)<\/th>\n<\/tr>\n<\/thead>\n
            Proven & Probable Reserves<\/strong><\/td>\n139<\/td>\n51.3<\/td>\n0.90<\/td>\n0.55<\/td>\n229<\/td>\n2,742<\/td>\n1,694<\/td>\n<\/tr>\n
            Measured & Indicated<\/strong><\/td>\n239<\/td>\n42.1<\/td>\n0.66<\/td>\n0.44<\/td>\n323<\/td>\n3,466<\/td>\n2,313<\/td>\n<\/tr>\n
            Inferred<\/strong><\/td>\n73<\/td>\n35.5<\/td>\n0.40<\/td>\n0.30<\/td>\n84<\/td>\n641<\/td>\n484<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\n
            \nMineral Resources are inclusive of Mineral Reserves and are not Mineral Reserves.\n<\/div>\n<\/div>\n\n\n

            \n\nPast performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA\u2019s President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA\u2019s President has purchased 5,000 shares of CTGO in the open market and intends to buy more shares. NIA has received compensation from CTGO of US$80,000 cash for a ten-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.\n<\/em>\n<\/p>\n\n<\/div>\n\n\n\n

            <\/p>\n","protected":false},"excerpt":{"rendered":"

            NIA’s Highlander Silver (TSX: HSLV) is merging with Bear Creek in the most value creative acquisition since NIA’s Contango ORE (CTGO) merged with Dolly Varden Silver (TSXV: DV)! Highlander Silver and Bear Creek Mining Combine to Create Leading Growth Company in the Silver Sector Dec 19, 2025, 08:00 GMT | All monetary amounts are expressed […]<\/p>\n","protected":false},"author":1,"featured_media":5768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[47,9,16,17],"class_list":["post-5761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcement","tag-ctgo","tag-gold","tag-hslv","tag-silver"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/5761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=5761"}],"version-history":[{"count":6,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/5761\/revisions"}],"predecessor-version":[{"id":5767,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/5761\/revisions\/5767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/5768"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=5761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=5761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=5761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}