Highland Critical Minerals Corp (CSE:HLND) announced that it has issued 4,909,750 class A company common shares since September 30, 2025, through the exercise of warrants, raising gross proceeds of $736,462.50.
The mineral exploration and development company said the proceeds will be used to continue to fund its exploration activities, the plan of arrangement for the spin out of Highland Red Lake Gold Corp, general working capital, and to identify new strategic acquisitions.
"With the current treasury balance, the company is well positioned to carry on its planned exploration activities at its Sy property and at the Red Lake gold district," Highland Critical Minerals CEO Ted Yew said in a statement.
"As well, the company is well funded to identify additional strategic acquisitions, minimizing any dilution to current shareholders."
Highland Critical Minerals noted that following the exercise of warrants, the company's current consolidated cash balance is about $875,000.