McMillan Advises Highland Copper Company Inc. on its Partnership with Kinterra Copper USA LLC for its White Pine North Project.

On July 24, 2023, Highland Copper Company Inc. (TSXV: HI) (“Highland Copper”) sold a 66% interest in its White Pine North Project in Upper Peninsula, Michigan (the “Project”) to Kinterra Copper USA LLC (“Kinterra”) in exchange for an initial US$30 million cash payment and additional work expenditures funding commitments. Following the sale, Highland Copper and Kinterra entered into an operating agreement to govern the operation of the Project going forward.

Highland Copper is a Canadian junior mining company with two key assets on the Upper Peninsula of Michigan. Highland Copper’s White Pine North Project has a projected 21.8-year mine life at a processing rate of 15,000 metric tonnes per day and is expected to deliver an annual payable copper production of 93.4 million lb. and 1.2 million oz. of silver.

McMillan acted as lead Canadian counsel to Highland Copper on this cross-border transaction. The team was led by Cory Kent and Andrew Spencer and included Michelle Wong and Naveneeth Ravichandran.

As a national business law firm with exceptional capabilities to lead businesses through cross-border transactions and investments into Canada and within multifaceted regulatory regimes, McMillan provides real-time business solutions to our clients. Our Capital Markets & Securities Group is skilled at structuring and closing complex deals of all shapes and sizes in Canada, the US and internationally and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps our clients stay ahead.