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

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Highlander Silver Announces $330M Senior Secured Project Finance Facility Mandate with Natixis CIB. (2026, September 23). Toronto Star. https://www.thestar.com/globenewswire/highlander-silver-announces-330m-senior-secured-project-finance-facility-mandate-with-natixis-cib/article_9e84e777-8480-5b0c-99a1-c813c9883f11.html

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Toronto Star · collected 2026-09-23 · by GlobeNewswire, Inc.

Quick Summary

Highlander Silver Corp. has secured a $330 million senior secured project finance facility mandate with Natixis Corporate & Investment Banking to fund the development of its Corani Silver Project in Peru. The seven-year financing includes an additional cost overrun facility of up to $100 million, contingent on due diligence completion and final agreement details. This deal is a significant milestone for Highlander Silver as it advances towards full project funding with no existing debt and approximately $100 million in cash reserves as of June 30.
Written by AI on 2026-09-23, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Highlander Silver Corp., a company listed on both TSX and NYSE American, announced on September 23, 2026, that it had signed a mandate letter with Natixis Corporate & Investment Banking to secure a $330 million senior secured project finance facility for the development of the Corani Silver Project in Peru. The financing includes an additional cost overrun facility of up to $100 million, provided by Highlander Silver itself, which will be available before any draw on the main facility. As of June 30, Highlander Silver reported a cash balance of approximately $100 million and no debt.

Natixis CIB’s expertise in project financing for large-scale mining projects underscores the Corani Silver Project's status as a bankable asset globally. This agreement is seen as a significant milestone towards securing full funding for the project, which will cover its development and construction phases over seven years.

Written for “Highlander Silver Financing Deal” on 2026-11-04, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Highlander Silver Financing Deal
Economy/Business · 1 article(s) covering the same event.

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Claims extracted
28
sentences that state something as happening or true
Uncertain
18%
5 of 28 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Toronto Star's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-23 · how these are computed

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Publisher

Toronto Star · 11445 article(s) · 28 correction(s) detected
Running correction rate · 28 correction(s)
2026-10-26
Correction
2026-10-24
Correction
2026-10-07
Correction
2026-09-24
Correction

Who wrote this

No reporter is named on this article, beyond the feed's “GlobeNewswire, Inc.”.

Topics

Highlander Silver Natixis CIB Natixis Corporate & Investment Banking U.S. the Corani Silver Project

Subjects

Highlander Silver ORG · 7× Natixis CIB ORG · 4× Natixis Corporate & Investment Banking ORG · 3× the Corani Silver Project GPE · 3× Peru GPE · 2× GLOBE NEWSWIRE ORG · 1× HSLV ORG · 1× Highlander Silver Corp. ORG · 1× TORONTO GPE · 1× U.S. GPE · 1×

Narrative

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.
framing: assertive · carried by 1 article(s) · first seen 2026-09-23
🔮 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.

Claims (28 extracted, 5 hedged)

All amounts in this release are in U.S. dollars unless otherwise indicated. asserted
amounts → indicate → dollars
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. asserted
it → announce → 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. asserted
amounts → support → diligence
As of June 30, the Company reported a cash balance of approximately $100 million and no debt. asserted
Company → report → million
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. asserted
CIB → bring → asset
The execution of this mandate letter represents a major milestone in advancing towards a fully funded construction package. asserted
execution → represent → 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. asserted
which → comment → 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. asserted
that → represent → 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. asserted
Silver → retain → 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. asserted
which → include → diligence
Closing is expected in the first quarter of 2027. asserted
Closing → expect → 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. asserted
that → lead → corporations
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+). asserted
CIB → bank → strength
On behalf of Highlander Silver “Daniel Earle” President and CEO Information contact Arun Lamba, Vice President Corporate Development asserted
Information → contact → Lamba
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 asserted
which → develop → development
The Company also operates the Mercedes gold-silver mine in Mexico. asserted
Company → operate → Mexico
Highlander Silver’s major shareholders include the Augusta Group, Lundin family, and Eric Sprott. asserted
shareholders → include → Group
Certain information contained in this news release constitutes “forward-looking information” under Canadian securities legislation. asserted
information → contain → 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. asserted
This → include → 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. uncertain
actions → look → words
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. asserted
facility → look → Company
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. uncertain
results → look → 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. uncertain
development → include → more
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. uncertain
actions → attempt → those
Forward-looking information contained herein is made as of the date of this news release. asserted
information → look → 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. uncertain
results → look → 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. asserted
estimates → undertake → laws
Accordingly, the reader is cautioned not to place undue reliance on forward-looking information. asserted
reader → caution → information
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