Saving Grace
3 years ago
Highland Copper Announces Further Extension of White Pine Closing
Press Release | 04/13/2021
LONGUEUIL, Quebec, April 13, 2021 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company (“CRC”), a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to June 30, 2021. The final closing of the acquisition is subject to certain conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and the posting of a US$1.7 million environmental bond with the State of Michigan.
The Company is pursuing various options to secure the funds needed for the environmental bond, to settle all of its liabilities and to meet its existing commitments. These efforts include discussions with its major shareholders, lenders, and royalty holders. As previously announced, the Company and Osisko Gold Royalties Ltd have agreed on the terms and conditions pursuant to which Osisko intends to exercise its silver royalty option that was originally granted by the Company to Osisko in December 2014. Subject to certain conditions, Osisko would pay to the Company an initial tranche of US$3 million on closing.
Cautionary Statement
Certain statements contained in this news release constitute forward looking information under the provisions of Canadian securities laws, including statements about the Company’s plans to complete the acquisition of the White Pine North property, plans to complete the proposed transaction with Osisko and the exercise of the silver royalty option, as well as plans to complete one or more transactions to settle the Company’s working capital deficiency and to fund the Company. Considering the Company’s financial condition and the state of the capital markets for a company such as Highland, there is no assurance that the Company will be able to meet to complete the transactions described herein. The information contained herein reflects Highland's views as of the date of this news release. Forward looking information is based on assumptions, and by its nature is subject to risks and uncertainties that may cause actual future events to differ materially from those anticipated in it. The Company does not intend, and does not assume any obligation, to update forward-looking information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking information.
About Highland
Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Denis Miville-Deschênes, President & CEO
Tel: +1.450.677.2455
Email: info@highlandcopper.com
Saving Grace
4 years ago
PM Power Group took over the White Pine Mine so Highland has been pulling our chain with one lie after another because they have no authority to even be on the property let alone think that they're going to close it with an operator utilizing the facility.
WHITE PINE, Mich. (WLUC) - Northern Initiatives has received a $700,000 grant award to support Phase II development of the White Pine Copper Refinery at the former White Pine Mine in Ontonagon County. The US Department of Health and Human Services, Administration for Children and Families (ACF), Office of Community Services made the announcement as a part of their Community Economic Development (CED) Program.
The White Pine Copper Refinery Inc and PM Power Group own and operate an industrial-scale copper refinery facility with the capability to refine and reprocess 170,000,000 lbs. of copper cathode annually.
With CED funds, PM Power Group will bring the existing Electro Metal Electrowinning (EMEW) pilot plant to full-scale production.
The EMEW will allow the company to reclaim copper along with other precious and rare earth metals from material removed, recovered, and or diverted from landfills and other copper-rich waste. Funding specifically will be used to improve the digestive phase of production to produce the copper. The ultimate goal is to become a zero-waste facility at both ends of the production. And as the world continues to digitize and move toward electric and hybrid vehicles, the mine is responding to a fast-growing market.
“Essentially what we’ll be doing is taking environmental waste and creating pure copper cylinders for sale into the market” says PM Power Group COO Zach Holder. “We are using landfill diverted materials and copper-containing recyclable by-products from industry in our installed and permitted assets in White Pine to recycle a commodity that everyone needs.”
While it’s great news for PM Power Group, it’s even better news for the people of Ontonagon County. As a county with one of the highest unemployment rates in Michigan, Ontonagon County is in desperate need of jobs. Per the requirement of the CED grant program, the project is expected to create or retain a minimum of 35 jobs. Also required by the program, is for those jobs to be filled by low-income individuals. Northern Initiatives and PM Power Group will rely on UP Michigan Works! to help achieve this.
Northern Initiatives will loan the funds to PM Power group and when repaid will create more lendable capital for similar projects. In addition, the project exemplifies Northern Initiatives’ intentional three-prong approach to investing in small businesses.
“It’s really a win for everyone. But for NI, we see this as a triple bottom line success. Helping low-income individuals gain meaningful employment, supporting a clean environment through the reuse of landfill waste, and building a robust local economy in Ontonagon County is how we strive to invest with a sustainable impact,” remarks NI President Elissa Sangalli.
As a Community Development Financial Institution, Northern Initiatives is required to support small businesses in low-income areas of Michigan. Projects like the White Pine Copper Refinery help to meet that objective.
https://www.uppermichiganssource.com/2020/12/09/northern-initiatives-secures-700k-grant-to-support-white-pine-copper-refinery-in-ontonagon-county/
This is the absolute bull shit being told to stake holders.
Highland Copper Announces Further Extension of White Pine Closing
Press Release | 01/07/2021
LONGUEUIL, Quebec, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company (“CRC”), a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to March 31, 2021. The final closing of the acquisition is subject to a number of conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and replacing the related environmental bond. The Company is advancing the various steps required for the closing and aims to complete the acquisition of the White Pine North Project by the end of January, contemporaneously with the exercise by Osisko Gold Royalties Ltd of its silver royalty option (see news releases of September 11, 2020 and November 2, 2020). At the same time, the Company continues to evaluate various options to settle its working capital deficiency and to meet all existing commitments.
https://www.otcmarkets.com/stock/HDRSF/news/Highland-Copper-Announces-Further-Extension-of-White-Pine-Closing?id=285463
I'm sorry if anybody was misled by my posts from Highland and this mute company that has no funding to even continue with a site that is currently occupied by another company with funding. Highland Copper is not telling the truth and most likely doesn't even have enough cash on hand to pay for an update being so heavy with debt. Their last report stated they will also need to acquire a JV to continue. I'm pist that I had to find out the truth on the street about what is really going on at White Pine because this Highland horseshit company says nothing with no updates.
Another company, Subterra is also using the White Pine Infrastructure and underground infrastructure for a massive grow facility currently in operation with many site electrical upgrades. So the so called Highland closure plan is full of shit as it's currently being used and occupied.
Saving Grace
4 years ago
I'm out! Highland is full of shit! White Pine Mine is currently in phase II with another company transforming the mine site. So why on earth would Highland need the reclamation bond when another well funded company is already using the facility?
WHITE PINE, Mich. (WLUC) - Northern Initiatives has received a $700,000 grant award to support Phase II development of the White Pine Copper Refinery at the former White Pine Mine in Ontonagon County. The US Department of Health and Human Services, Administration for Children and Families (ACF), Office of Community Services made the announcement as a part of their Community Economic Development (CED) Program.
The White Pine Copper Refinery Inc and PM Power Group own and operate an industrial-scale copper refinery facility with the capability to refine and reprocess 170,000,000 lbs. of copper cathode annually.
With CED funds, PM Power Group will bring the existing Electro Metal Electrowinning (EMEW) pilot plant to full-scale production.
The EMEW will allow the company to reclaim copper along with other precious and rare earth metals from material removed, recovered, and or diverted from landfills and other copper-rich waste. Funding specifically will be used to improve the digestive phase of production to produce the copper. The ultimate goal is to become a zero-waste facility at both ends of the production. And as the world continues to digitize and move toward electric and hybrid vehicles, the mine is responding to a fast-growing market.
“Essentially what we’ll be doing is taking environmental waste and creating pure copper cylinders for sale into the market” says PM Power Group COO Zach Holder. “We are using landfill diverted materials and copper-containing recyclable by-products from industry in our installed and permitted assets in White Pine to recycle a commodity that everyone needs.”
While it’s great news for PM Power Group, it’s even better news for the people of Ontonagon County. As a county with one of the highest unemployment rates in Michigan, Ontonagon County is in desperate need of jobs. Per the requirement of the CED grant program, the project is expected to create or retain a minimum of 35 jobs. Also required by the program, is for those jobs to be filled by low-income individuals. Northern Initiatives and PM Power Group will rely on UP Michigan Works! to help achieve this.
Northern Initiatives will loan the funds to PM Power group and when repaid will create more lendable capital for similar projects. In addition, the project exemplifies Northern Initiatives’ intentional three-prong approach to investing in small businesses.
“It’s really a win for everyone. But for NI, we see this as a triple bottom line success. Helping low-income individuals gain meaningful employment, supporting a clean environment through the reuse of landfill waste, and building a robust local economy in Ontonagon County is how we strive to invest with a sustainable impact,” remarks NI President Elissa Sangalli.
As a Community Development Financial Institution, Northern Initiatives is required to support small businesses in low-income areas of Michigan. Projects like the White Pine Copper Refinery help to meet that objective.
https://www.uppermichiganssource.com/2020/12/09/northern-initiatives-secures-700k-grant-to-support-white-pine-copper-refinery-in-ontonagon-county/
This is the absolute bull shit being told to stake holders.
Highland Copper Announces Further Extension of White Pine Closing
Press Release | 01/07/2021
LONGUEUIL, Quebec, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company (“CRC”), a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to March 31, 2021. The final closing of the acquisition is subject to a number of conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and replacing the related environmental bond. The Company is advancing the various steps required for the closing and aims to complete the acquisition of the White Pine North Project by the end of January, contemporaneously with the exercise by Osisko Gold Royalties Ltd of its silver royalty option (see news releases of September 11, 2020 and November 2, 2020). At the same time, the Company continues to evaluate various options to settle its working capital deficiency and to meet all existing commitments.
https://www.otcmarkets.com/stock/HDRSF/news/Highland-Copper-Announces-Further-Extension-of-White-Pine-Closing?id=285463
I'm sorry if anybody was misled by my posts from Highland and this mute company that has no funding to even continue with a site that is currently occupied by another company with funding. Highland Copper is not telling the truth and most likely doesn't even have enough cash on hand to pay for an update being so heavy with debt. Their last report stated they will also need to acquire a JV to continue. I'm pist that I had to find out the truth on the street about what is really going on at White Pine because this Highland horseshit company says nothing with no updates.
Another company, Subterra is also using the White Pine Infrastructure and underground infrastructure for a massive grow facility currently in operation with many site electrical upgrades. So the so called Highland closure plan is full of shit as it's currently being used and occupied.
Dick_Nixon
4 years ago
https://copper.com.au/news/antimicrobial-copper/u-s-approves-copper-for-residual-use-against-coronavirus/
February 15, 2021 · Antimicrobial Copper, General
The U.S. Environmental Protection Agency announced that certain copper alloys provide long-term effectiveness against the virus that causes COVID-19, the first product to get the approval.
Here is the EPA’s media release:
WASHINGTON (February 10, 2021) — Today, the U.S. Environmental Protection Agency (EPA) is announcing that certain copper alloys provide long-term effectiveness against viruses, including SARS-CoV-2, the virus that causes COVID-19. As a result of EPA’s approval, products containing these copper alloys can now be sold and distributed with claims that they kill certain viruses that come into contact with them. This is the first product with residual claims against viruses to be registered for use nationwide. Testing to demonstrate this effectiveness was conducted on harder-to-kill viruses.
“Providing Americans with new tools and information to fight the virus that causes COVID-19 is one of EPA’s top priorities,” said Acting Assistant Administrator for EPA’s Office of Chemical Safety and Pollution Prevention Michal Freedhoff. “Today’s action marks another step forward in EPA’s efforts to listen to the science and provide effective tools to help protect human health.”
In today’s action, EPA is granting an amended registration to the Copper Development Association for an emerging viral pathogen claim to be added to the label of Antimicrobial Copper Alloys- Group 1 (EPA Reg. No. 82012-1), which is made of at least 95.6 percent copper. Amended registrations allow previously registered products to make label changes (e.g., changes to product claims, precautions and/or use directions) and/or formulation changes. In this case, the amended registration is adding virus claims to the product registration.
New efficacy testing supported by the Copper Development Association and conducted according to EPA’s protocols demonstrated certain high-percentage copper alloy products can continuously kill viruses that come into contact with them. Based on testing against harder-to-kill viruses, EPA expects these products to eliminate 99.9 percent of SARS-CoV-2, the virus that causes COVID-19, within two hours.
Antimicrobial copper alloys can be manufactured into a wide range of surfaces, including doorknobs and handrails. These high-percentage copper alloy products will be added to the List N Appendix , the Agency’s list of residual antiviral products that can be used to supplement routine cleaning and disinfection to combat SARS-CoV-2. To find products for routine cleaning and disinfection, see EPA’s List N.
The use of antimicrobial copper alloy products supplements but does not replace standard infection control practices. Individuals should continue to follow Centers for Disease Control (CDC), state, and local public health guidelines, including critical precautions like mask wearing, social distancing, and ventilation. According to the CDC, COVID-19 is thought to spread mainly through close contact from person to person.
For more information on how copper alloy products can be used against viruses, see EPA’s website or the product’s label in the Pesticide Product and Label System .
Dick_Nixon
4 years ago
https://www.bloomberg.com/news/articles/2021-02-15/copper-hits-highest-level-since-amid-concerns-over-supplies
Copper climbed to the highest level since 2012 as a risk-on mood across global markets helped to lift equities and put pressure on the dollar.
Prices have soared on optimism that the use of coronavirus vaccines will aid a rebound in global growth. Copper climbed 5.3% last week on the London Metal Exchange, in the biggest gain since July.
The metal used in pipes and wires edged higher Monday even as public holidays in China and the U.S. contributed to thin trading conditions. While new Covid-19 variants are threatening to temper the outlook, investors are banking on U.S. government spending and the coronavirus vaccine rollout to boost the economic recovery.
“There’s a risk-on mood across the whole market, whether it be oil, equities or metals,” Colin Hamilton, managing director for commodities research at BMO Capital Markets Ltd, said by phone from London. “It’s one of those markets where even bad news is good news.”
LME prices have rallied strongly during the closure of Chinese markets for the Lunar New Year holidays, and investors expect that the usual dip in factory output over the period may be less severe this year owing to restrictions on travel.
U.S. markets are shut for Presidents’ Day on Monday, while exchanges in China, Hong Kong and Taiwan are also closed. Chinese markets will reopen on Thursday.
Copper climbed as much as 0.9% to $8,406 a ton on the London Metal Exchange, the highest level since 2012, before paring gains to close at $8,394 a ton. Tin paced gains in most metals, closing 3.1% higher after an unprecedented spike in spot contracts.
Production guidance from the top 25 copper producers indicates the market may be in a sizable deficit this year, “assuming our scenario of 5% demand growth is in the ballpark,” according to Bloomberg Intelligence analysts Grant Sporre and Andrew Cosgrove. Copper’s on course in February to post an 11th monthly gain.
Commodity Titans to Weigh In on Supercycle Talk as Prices Rally
Copper is “being driven by a cocktail of positive factors -- including rising inflation expectations caused by U.S. stimulus, a falling dollar, and historically low stocks,” said Gavin Wendt, a senior resource analyst at MineLife Pty. “The 2021 copper production outlook is likely to be negatively impacted as a result of Covid in a number of major South American producing nations.”
— With assistance by Swansy Afonso
Saving Grace
4 years ago
$HDRSF Highland Copper Announces Corporate Update
Highland Copper Announces Corporate Update
Press Release | 11/30/2020
LONGUEUIL, Quebec, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) announced today that the credit agreement with Osisko Gold Royalties Ltd and Greenstone Resources II LP entered into on May 20, 2019 was further amended. The maturity date for the repayment of the US$5,000,000 loan plus accrued interest was extended to January 31, 2021, provided however that the lenders may demand repayment of the loan and accrued interest at any time prior to the maturity date.
About Highland
Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Denis Miville-Deschênes, President & CEO
Tel: +1.450.677.2455
Email: info@highlandcopper.com
new2you
6 years ago
Highland Copper announces receipt of mining and other permits for its Copperwood Project and provides a corporate update
Press Release | 01/18/2019
LONGUEUIL, Quebec, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) is pleased to announce the receipt of the mining, air and dam safety permits from the Michigan Department of Environmental Quality (“MDEQ”) for its Copperwood project located in the Upper Peninsula, Michigan, USA.
Mining Permit
The MDEQ has approved the Company’s request to amend the Mining Permit originally granted in 2012 to Copperwood Resources Inc., the Company’s 100%-owned subsidiary, under the provisions of Part 632, Nonferrous Metallic Mineral Mining, of the Natural Resources and Environmental Protection Act. The amendment was required to allow the Company to begin construction at Copperwood in accordance with the changes to the mine plan and facilities described in the updated feasibility study released on June 15, 2018.
Upon review and consideration of comments received during a public hearing held on October 24, 2018 and a subsequent written comment period regarding the proposed amendments, the MDEQ issued a final decision to approve the amendments requested by the Company. The amendments were approved under certain conditions that the Company will have to meet, namely:
Provide a revised subsidence monitoring plan for the life of mine and post closure period;
Provide a plan to conduct confirmation baseline environmental sampling and review prior to the start of mining operations;
Reclaim the ore stockpile area and dispose of the geomembrane liner according to regulations; and
Reclaim or remove water intake and power supply infrastructure according to approved plans unless beneficial use agreements are established with another party.
Other key permits received – Air, Dam Safety and Wetlands
Based on the 2018 updated feasibility study on Copperwood, the Company had filed applications with the MDEQ to either amend, renew or obtain all other permits required to begin mine construction at Copperwood.
In addition to the Mining Permit, the Company has received three additional key permits from the MDEQ: the Part 55 Air Discharge Permit, the Part 315 Dam Safety Permit-Tailing Dam and, as previously announced, the Part 301/303/325 Wetland Permit. The application to obtain a Lake Superior water intake permit from the US Army Corps of Engineers (COE) is outstanding and a final decision is expected in the next few weeks.
Denis Miville-Deschênes, President & CEO of Highland Copper commented: "We have achieved another important milestone with all major permits required to build and operate the Copperwood mine now in place. This is the culmination of significant work completed in the past year by our Michigan team and I believe we have, most importantly, achieved the social license to operate in the community."
The Michigan team continues to work internally on various aspects to improve the economics of the project including items such mine design, process plant and mobile equipment selection and financing options, concentrate transport options study, and power and communication infrastructure planning.
Saving Grace
6 years ago
$HDRSF News Out! Highland Copper Announces Filing of NI 43-101 Technical Report for its Copperwood Project in Michigan, USA
LONGUEUIL, Quebec, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSX-V: HI, OTCQB: HDRSF) (the “Company”) is pleased to announce that it has filed on SEDAR a technical report for its Copperwood Project prepared in accordance with Canadian Securities National Instrument 43-101 Standards of Disclosure for Mineral Properties (“NI 43-101”) and Form 43-101F1.
The technical report supports the disclosure made by the Company in its June 15, 2018 news release entitled “Highland Copper Announces Positive Feasibility Study Results for its Copperwood Project in Michigan - IRR of 18% After Tax, Capital Cost of $275 M and an Average Payable Copper Production of 61.7 M lbs per Year”. The effective date of the technical report is June 14, 2018, and there are no material differences between the results announced in the news release and those contained in the report filed on SEDAR (www.sedar.com) and available on the Company’s website (www.highlandcopper.com).
https://www.otcmarkets.com/stock/HDRSF/news/Highland-Copper-Announces-Filing-of-NI-43-101-Technical-Report-for-its-Copperwood-Project-in-Michigan-USA?id=199611
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nowwhat2
4 years ago
