Highland Copper Announces Grant of Stock Options, Restricted Share Units and Deferred Share Units

The approved awards include options exercisable at $0.145 per share for up to five years, with regulatory approval still pending.

Rhea-AI Summary

Highland Copper (HDRSF) has approved equity incentive grants for its directors, executive officers and employees, subject to regulatory approval.

The grants comprise 3,767,969 stock options, 1,608,530 Restricted Share Units and 1,086,207 Deferred Share Units. The options have a $0.145 exercise price per share and a term of up to five years. One third vests immediately, with one third vesting on each of the first two grant anniversaries. Both types of share units vest in thirds on the first, second and third grant anniversaries.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.3,767,969 stock options exercisable at $0.145 per share for up to five years create potential dilution.
• Minor point1,608,530 Restricted Share Units add equity compensation awards for directors, executive officers and employees.
• Minor point1,086,207 Deferred Share Units add equity compensation awards for directors, executive officers and employees.
• Minor pointRegulatory approval remains a condition of the approved incentive grants.

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VANCOUVER, British Columbia, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) announces that, subject to regulatory approval, it has approved the grant of 3,767,969 incentive stock options, 1,608,530 Restricted Share Units and 1,086,207 Deferred Share Units to directors, executive officers and employees of the Company. The options are exercisable at an exercise price of $0.145 per share for a period of up to five years and will vest as to one third immediately and one third on each of the first and second anniversary of the grant. The Restricted Share Units and Deferred Share Units will vest as to one third on each of the first, second and third anniversary of the grant.

About Highland Copper Company

Highland Copper Company Inc. is focused on developing the Copperwood Project in the Upper Peninsula of Michigan, U.S.A. The Company also owns surface rights securing access to the Copperwood deposit and providing space for infrastructure at Copperwood as required. The Company has 738,188,122 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 symbol “HDRSF”.

More information about the Company is available on the Company’s website at www.highlandcopper.com and on SEDAR+ at www.sedarplus.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 or media requests, please contact:

Barry O’Shea, CEO
Email: info@highlandcopper.com
Phone: +1-450-677-2455
Website: www.highlandcopper.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity incentive grants has Highland Copper approved?

Highland Copper has approved 3,767,969 incentive stock options, 1,608,530 Restricted Share Units and 1,086,207 Deferred Share Units for directors, executive officers and employees, subject to regulatory approval.

What are the exercise price and vesting terms of Highland Copper's incentive awards?

The options are exercisable at $0.145 per share for up to five years and vest one third immediately and one third on each of the first and second grant anniversaries. Restricted Share Units and Deferred Share Units vest one third on each of the first, second and third grant anniversaries.