Highlander Silver signs $330m project financing mandate

Closing is expected in the first quarter of 2027, subject to definitive documentation, credit approvals and ongoing due diligence.

Rhea-AI Filing Summary

Highlander Silver Corp. (HSLV) executed a mandate letter with Natixis CIB to lead a fully underwritten, seven-year senior secured structured project finance facility of $330 million for development and construction of the Corani Silver Project in Peru. Final facility amounts are subject to due diligence.

The financing is to be supported by a cost overrun facility of up to $100 million, to be established before the first draw and provided by the company. Closing is expected in the first quarter of 2027, subject to definitive documentation, credit approvals and ongoing due diligence. The company reported approximately $100 million in cash and no debt as of June 30, and said it retained 100% of the project’s offtake rights.

Key Figures

Project finance facility: $330 million Facility tenor: 7 years Cost overrun facility: Up to $100 million +3 more

6 metrics

Project finance facility $330 million Fully underwritten facility; final amounts subject to due diligence.

Facility tenor 7 years Term of the senior secured structured project finance facility.

Cost overrun facility Up to $100 million To be established before the first draw and provided by the company.

Cash balance Approximately $100 million As of June 30.

Project offtake rights retained 100% The company stated it retained this share of the Corani project's offtake rights.

Expected closing First quarter of 2027 Expected timing for facility closing.

Key Terms

senior secured structured project finance facility, cost overrun facility, offtake rights, definitive documentation, +1 more

5 terms

senior secured structured project finance facility financial

"7-year senior secured structured project finance facility"

cost overrun facility financial

"supported by a cost overrun facility of up to $100 million"

A cost overrun facility is a committed source of funds reserved to pay for unexpected extra expenses when a project or capital program exceeds its original budget. Investors care because it lowers the chance that cost surprises will force additional equity, debt, project delays, or cancellations — think of it like a backup reserve or emergency credit line that keeps a major project funded without scrambling for cash.

offtake rights financial

"retained 100% of the offtake rights to the project"

A contractual right allowing a buyer to purchase a future share or all of a producer’s output (such as minerals, energy, or manufactured goods) at agreed terms. Like pre-ordering and locking in supply from a factory, offtake rights give the seller predictable revenue and the buyer assured access to product. Investors watch them because they reduce sales risk, help secure project financing, and can materially affect a company’s future cash flow and valuation.

definitive documentation financial

"subject to completion of definitive documentation"

The final, complete set of legally binding papers that record the terms, disclosures and obligations for a transaction, filing, or corporate action. Like a signed contract or the finished blueprint after many drafts, definitive documentation replaces preliminary versions and is filed with regulators or exchanged between parties; it matters to investors because it contains the authoritative details on deal terms, required approvals, financial impacts and risks that affect ownership and value.

conditions precedent regulatory

"the applicable conditions precedent will be satisfied"

Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.

FAQ

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

What financing did HSLV announce?

Highlander Silver executed a mandate letter with Natixis CIB to lead a fully underwritten, seven-year senior secured structured project finance facility of $330 million.

Is the HSLV $330 million facility finalized?

The mandate letter has been executed, but the facility is subject to definitive documentation, credit approvals and completion of ongoing detailed due diligence. Final facility amounts are subject to due diligence.

What will HSLV use the facility to fund?

The facility is intended to fund development and construction of the Corani Silver Project in Peru.

What is the HSLV cost overrun facility?

The financing is to be supported by a cost overrun facility of up to $100 million, to be established before the first draw and provided by the company.

When is HSLV's facility closing expected?

Closing is expected in the first quarter of 2027, subject to definitive documentation, credit approvals and ongoing due diligence.

What cash and debt did HSLV report?

The company reported approximately $100 million in cash and no debt as of June 30.

How much of the Corani project's offtake rights did HSLV retain?

The company stated it retained 100% of the project’s offtake rights.

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

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-43170

Highlander Silver Corp.
(Translation of registrant's name into English)

2500 – 100 King Street West
Toronto, Ontario, M5X 1A9 Canada
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated September 23, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Highlander Silver Corp.
		(Registrant)
Date: September 23, 2026		/s/ Purni Parikh
		Purni Parikh
		SVP Corporate Affairs and Corporate Secretary

EXHIBIT 99.1

Highlander Silver Announces $330M Senior Secured Project Finance Facility Mandate with Natixis CIB

All amounts in this release are in U.S. dollars unless otherwise indicated.

TORONTO, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Highlander Silver Corp. (TSX, NYSE American: HSLV) (“Highlander Silver” or the “Company”) is pleased to announce that it has executed a mandate letter with Natixis Corporate & Investment Banking (“Natixis CIB”) to lead a fully underwritten 7-year senior secured structured project finance facility of $330 million (the “Facility”) to fund the development and construction of the Corani Silver Project in Peru. The financing will be supported by a cost overrun facility of up to $100 million to be established prior to first draw and provided by the Company; final facility amounts will be subject to due diligence. As of June 30, the Company reported a cash balance of approximately $100 million and no debt.

Natixis CIB brings deep expertise in structuring project financing for large-scale mining developments, reinforcing the Corani Silver Project as a globally recognized, bankable asset. The execution of this mandate letter represents a major milestone in advancing towards a fully funded construction package.

Daniel Earle, President & CEO of Highlander Silver, commented:

“Highlander Silver is delighted to partner with Natixis CIB, which is widely regarded as one of the world’s leading project finance institutions, with a distinguished track record of financing successful development projects. The Facility represents a strong endorsement of the Corani Silver Project, providing high-quality capital that follows a rigorous multidisciplinary due diligence process across key technical, financial, environmental and social aspects of the project that set it apart from recent peer financings in the high-yield and convertible debt markets. Importantly, Highlander Silver has retained 100% of the offtake rights to the project to preserve optionality and maximize future value amidst an intensifying global competition for clean concentrates.”

The Facility is subject to completion of definitive documentation, which will include customary project finance terms, fees and conditions, credit approvals, and the completion of ongoing detailed technical, financial, environmental and social due diligence. Closing is expected in the first quarter of 2027.

About Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide. As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d'Epargne retail networks, Natixis CIB benefits from the Group's financial strength and solid financial ratings (Standard & Poor's: A+, Moody's: A1, Fitch: A+, R&I: A+).

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 bonanza-grade San Luis gold-silver project, which ranks among the 10 highest-grade projects globally in both gold and silver categories, and the Corani silver project, the largest silver deposit in development globally.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: statements regarding the Facility, including its anticipated amount, tenor, interest rate, spread and other terms; the timing and ability of the Company to complete and draw under the Facility; the completion of definitive documentation, ongoing due diligence; the establishment and amount of a cost overrun facility; the anticipated timing of closing; the use of proceeds of the Facility to fund development of the Corani Silver Project. Such forward looking information or statements can be identified by the use of words such as “anticipates”, “expects”, “intends”, “believes”, “plans”, “may”, “subject to” or “underway” 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 is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, including: that due diligence and definitive documentation will be completed on terms consistent with the mandate letter; the applicable conditions precedent will be satisfied; the cost overrun facility will be available on acceptable terms; and there will be no material adverse change affecting the Company, the Corani Silver Project or the financing markets. 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; delays in obtaining governmental or stock exchange approvals or financing; and risks related to the Facility, including that definitive documentation may not be completed on the terms contemplated or at all, ongoing due diligence may not be completed to the satisfaction of Natixis CIB, conditions precedent may not be satisfied, the cost overrun facility may not be established on acceptable terms or at all, closing or drawdowns under the Facility may be delayed or may not occur, interest rates may change, or project costs may increase, or the development of the Corani Silver Project may be delayed, cost more than anticipated or be adversely affected by technical, environmental, social, permitting, construction or other development risks. 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 is 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.}

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 PRESS RELEASE 8.8 KB