Highlander Silver Showcases Key Development Milestones in Corani Photo Update

Highlander Silver (TSX, NYSE American: HSLV) reported key site development milestones at its Corani Silver Project in Peru.

Rhea-AI Summary

Highlander Silver (TSX, NYSE American: HSLV) reported key site development milestones at its Corani Silver Project in Peru.

• Workforce now exceeds 300, with focus on local hiring
• Project led by industry veteran Carlos Ojeda
• Camp, facilities, earthworks, internal and external roads under construction
• Substation construction underway; transmission line and long-lead orders targeted for August

Positive

• Workforce surpasses 300 team members with emphasis on local communities
• Project management led by Carlos Ojeda with over 25 years Peru open-pit mine experience
• Camp and facility construction, earthworks, and roadworks currently underway
• Substation construction in progress with transmission line work planned to start in August
• Long-lead-time equipment orders scheduled to be placed in August

Negative

• None.

Argus Jul 7 session 14 alerts

-7.42% close to close 0.5x rel. volume Open Argus

Details

Market move: HSLV -7.42% in the Jul 7 session. Corani site development update

-4.9% Trough in 1 hr 48 min

$1.02B Market Cap

On Jul 7, the day this news came out, HSLV closed 7.42% below the previous close. Argus tracked a trough of -4.9% from its starting point during tracking. Our momentum scanner recorded 14 alerts for this stock that day.

Data tracked by StockTitan Argus for the Jul 7 session.

Key Figures

Workforce size: 300 team members Manager experience: 25 years

Workforce size

300 team members

Corani site development workforce surpassed this level

Manager experience

25 years

Technical services experience of General Manager Carlos Ojeda at major Peruvian open‑pit mines

Historical Context

4 past events · Latest: Jun 26

4 events

1. Jun 26

   AGM results

   24h Move

   +6.3%

   All AGM resolutions approved, including director elections and auditor re‑appointment.

2. Jun 25

   Geophysical results

   24h Move

   +4.5%

   Comprehensive Corani geophysical program outlined new high‑priority targets and large system.

3. May 13

   Board appointment

   24h Move

   +1.4%

   Appointment of governance expert Poonam Puri as independent director to the Board.

4. Apr 07

   Project update

   24h Move

   +1.7%

   Drilling commenced at Corani with site works and staged feasibility update underway.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

open-pit mines, preliminary earthworks, transmission line

3 terms

open-pit mines technical

"experience in engineering, construction and operations at major open-pit mines in Peru"

A large surface excavation where rock and soil are removed to access minerals or ore near the surface, shaped like a stepped bowl or quarry. Open-pit mines matter to investors because they determine how much ore can be produced, the cost and timing of extraction, and exposure to environmental permitting, reclamation and commodity-price risk—factors that influence a mining company's revenue, costs and capital needs.

preliminary earthworks technical

"Preliminary earthworks for site infrastructure, pits and collection ponds underway"

Preliminary earthworks are the initial ground‑preparation activities on a construction site, including clearing vegetation, excavation, grading, soil stabilization, and installation of basic drainage or access routes. They matter to investors because they represent early, often capital‑intensive steps that determine a project’s timeline, cost and regulatory readiness—like preparing a plot of land before laying a building’s foundation, they reveal progress and potential risks in a development.

transmission line technical

"Substation construction underway, with transmission line to commence in August"

A transmission line is the infrastructure—wires, towers, ducts or cables—that carries electricity or data over long distances from producers to users or networks. Investors care because these lines determine how reliably and cheaply power or communications can be delivered; like a highway for goods, congested or aging lines can cause delays, extra costs, outages or regulatory expenses that affect revenue, maintenance needs and future growth prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, July 07, 2026 (GLOBE NEWSWIRE) -- Highlander Silver Corp. (TSX, NYSE American: HSLV) (“Highlander Silver” or the “Company”) is pleased to provide a photo update showcasing key milestones achieved in the site development of its Corani Silver Project in Peru.

Site Development – Key Milestones

• Workforce surpasses 300 team members, with emphasis on hiring from local communities
• Project management team led by Carlos Ojeda, Vice President & General Manager, with over 25 years of technical services experience in engineering, construction and operations at major open-pit mines in Peru, including Quellaveco, Antamina, and Constancia
• Camp and facility construction underway
• Preliminary earthworks for site infrastructure, pits and collection ponds underway
• Internal road rehabilitation and construction underway
• External access road construction underway
• Substation construction underway, with transmission line to commence in August
• Long-lead-time orders to be placed in August
  
  

Images 

On behalf of Highlander Silver 

“Daniel Earle”
President and CEO

Information contact

Arun Lamba, Vice President Corporate Development
alamba@highlandersilver.com

About Highlander Silver

Highlander Silver is a high-quality silver-growth company developing a portfolio of advanced-stage assets in Peru which includes the Corani silver project, the largest silver deposit in development globally, and the bonanza-grade San Luis gold-silver project, which ranks among the 10 highest-grade projects globally in both gold and silver categories.¹ The Company also operates the Mercedes gold-silver mine in Mexico. Highlander Silver's major shareholders include the Augusta Group, Lundin family, and Eric Sprott.

Forward-looking statements

Certain information contained in this news release constitutes “forward-looking information” under Canadian securities legislation. This includes, but is not limited to, the transmission line to commence in August and long-lead-time orders to be placed in August. Such forward looking information or statements can be identified by the use of words such as “ramp up”, “attempting”, “intends”, “believes”, “plans”, “suggests”, “targets” or “prospects” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such factors include, among others, general business, economic, competitive, political and social uncertainties, the actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of precious and base metals, accident, labour disputes and other risks of the mining industry, and delays in obtaining governmental or stock exchange approvals or financing. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein are made as of the date of this news release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.

^{__________________________________________________________
     1 S&P Global rankings including the Corani silver project and San Luis gold-silver project.}

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e902252f-6a5e-406b-b825-05aab416988e 

https://www.globenewswire.com/NewsRoom/AttachmentNg/2c9dfed5-fcee-4bdf-8d4d-108b63ffd811 

https://www.globenewswire.com/NewsRoom/AttachmentNg/6b3b8afb-8284-417d-bdc1-69b6b3cc73a9 

https://www.globenewswire.com/NewsRoom/AttachmentNg/bf998bca-3a3c-4ed2-9730-f3e8df85cd9d 

https://www.globenewswire.com/NewsRoom/AttachmentNg/c82f9e99-e185-4f54-833b-d6c85d5aedbd

https://www.globenewswire.com/NewsRoom/AttachmentNg/eb75a761-2f15-4c38-a0d2-999104be651d

FAQ

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

What development milestones did Highlander Silver (HSLV) announce at the Corani Silver Project in July 2026?

Highlander Silver announced multiple site development milestones at Corani, including camp construction, earthworks, and roadworks. According to Highlander Silver, these works are underway alongside substation construction, marking continued advancement of project infrastructure in Peru.

How many workers are involved in Highlander Silver’s Corani Silver Project (HSLV) as of July 2026?

Highlander Silver reports that the Corani Silver Project workforce has surpassed 300 team members. According to Highlander Silver, staffing emphasizes hiring from local communities, suggesting a growing on-site presence and engagement with nearby populations during the development phase.

Who is leading project management at Highlander Silver’s Corani Silver Project (HSLV)?

Project management at the Corani Silver Project is led by Carlos Ojeda, Vice President & General Manager. According to Highlander Silver, he brings over 25 years of technical services experience in engineering, construction, and operations at major open-pit mines in Peru.

What construction activities are currently underway at Highlander Silver’s Corani Silver Project (HSLV)?

Construction at Corani includes camp and facility building, preliminary earthworks, and road development. According to Highlander Silver, internal road rehabilitation, new internal roads, and external access road construction are all underway, alongside ongoing substation construction on site.

When will transmission line work begin for Highlander Silver’s Corani Silver Project (HSLV)?

Transmission line construction for the Corani Silver Project is planned to commence in August. According to Highlander Silver, substation construction is already underway, and long-lead-time orders are also scheduled to be placed in August to support project infrastructure.

What are Highlander Silver’s next procurement steps for the Corani Silver Project (HSLV)?

Highlander Silver plans to place long-lead-time orders for Corani project equipment in August. According to Highlander Silver, aligning these orders with ongoing construction and transmission line commencement supports the broader schedule for site development activities in Peru.