Highland Copper Awards Front-End Engineering and Design (Feed) Packages to DRA Global
January 15 2025 - 7:37AM
Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland”
or the “Company”) is pleased to announce the awarding of the
Front-End Engineering and Design (FEED) contracts for both the Mine
Engineering and the Process Plant Engineering of its flagship
Copperwood Project (the “Project” or “Copperwood”) to DRA Global
(“DRA”), a leading multi-disciplinary engineering group.
This milestone marks a significant step forward
in the development of Highland Copper’s fully permitted Copperwood
Project. The selection of DRA Global reflects Highland Copper’s
commitment to working with globally recognized experts to ensure
the successful and responsible execution of its operations. With a
proven track record of excellence in mine and process plant
engineering, DRA will provide detailed designs and specifications
that will form the foundation of Copperwood's construction and
operational phases.
“We are excited to partner with DRA Global on
these critical FEED packages,” said Barry O’Shea, CEO of Highland
Copper. “DRA’s expertise in designing and optimizing mining
operations aligns well with our vision of building an efficient and
environmentally responsible project. This collaboration is a key
step in advancing Copperwood toward a construction decision.”
Pierre Julien, President of DRA Americas,
commented, “We are pleased to support the Copperwood Project, which
provides an excellent opportunity to leverage DRA’s extensive
expertise in copper mine design and process plant design. This
collaboration highlights our dedication to delivering tailored
engineering solutions and project management while working closely
with Highland Copper to achieve their project objectives.”
The Company has adopted a phased approach to
engineering with the initial step of finalizing design criteria for
critical areas and assessing key opportunities to improve the
Project. The FEED work will focus on optimizing and advancing the
mine and process design, with continued consideration for
minimizing environmental impact. As part of the FEED process,
Highland Copper will finalize the Project’s capital cost estimates
and development schedule, paving the way for a construction
decision.
About Highland Copper
Company
Highland Copper Company Inc. is a Canadian
company focused on exploring and developing copper projects in the
Upper Peninsula of Michigan, U.S.A. The Company owns the Copperwood
deposit through long-term mineral leases and 34% of the White Pine
North project through a joint venture with Kinterra Copper USA LLC.
The Company also owns surface rights securing access to the
Copperwood deposit and providing space for infrastructure at
Copperwood as required. The Company has 736,363,619 common shares
issued and outstanding. Its common shares are listed on the TSX
Venture Exchange under the symbol “HI” and trade on the OTCQB
Venture Market under the symbol “HDRSF.”
More information about the Company is available
on the Company’s website at www.highlandcopper.com and on SEDAR+ at
www.sedarplus.ca.
About DRA Global
DRA Global is an international engineering,
project delivery, and operations management group specializing in
the mining, minerals processing, and metals sectors. With a global
footprint and extensive expertise, DRA delivers tailored solutions
to meet the unique needs of its clients. In the Americas, DRA has
been instrumental in delivering numerous successful mining
projects, offering a blend of innovative design and a commitment to
environmental sustainability.
Cautionary Note Regarding
Forward-Looking Information
This news release contains “forward-looking
statements” and “forward-looking information” (collectively
“forward-looking statements”) within the meaning of applicable
Canadian securities legislation. These statements include, without
limitation, statements with respect to:(i) the anticipated delivery
of detailed designs and specifications for the Copperwood Project
by DRA; (ii) the Company’s phased approach to engineering; and
(iii) the anticipated results the FEED work, including its
importance in leading to a construction decision. There is no
guarantee that the FEED work will be completed as anticipated, that
the FEED work will result in finalized capital costs or development
schedule or lead to a positive construction decision. Although
the Company believes that the assumptions and factors used in
preparing the forward-looking statements in this news release are
reasonable, undue reliance should not be placed on forward looking
statements. All forward-looking statements in this press release
are based on information available to the Company as of the date
hereof, and the Company undertakes no obligation to update
forward-looking statements except as required by law.
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 or media requests,
please contact:
Barry O’Shea, CEOEmail:
info@highlandcopper.com Website:
www.highlandcopper.com
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