Highland Critical Minerals Corp (CSE:HLND, FRA:U8X) announced it has completed a non-brokered flow-through private placement, raising gross proceeds of C$400,000 through the issuance of 1.6 million common shares.
The shares were issued at a price of C$0.25 each and qualify as “flow-through shares” under Canada’s Income Tax Act, allowing investors to benefit from certain tax deductions tied to eligible exploration spending.
According to the company, the funds will be used to finance Canadian exploration expenses that are expected to qualify as critical mineral mining expenditures.
Highland said it plans to incur these expenses by the end of 2027 and renounce them to investors effective December 31, 2026.