Highlander Silver Announces Delay in San Luis Project Acquisition from SSR Mining

Highlander Silver Corp. has updated stakeholders on the expected closure timing of acquiring the San Luis gold-silver project located in Ancash Department, central Peru, from SSR Mining Inc. Initially projected for Q1 2024, the transaction is now slated for completion in Q2 2024, specifically during May. The minor delay is attributed to routine closing mechanics, including various local jurisdiction administrative filings and registrations.

David Fincham, President and CEO of Highlander Silver, expressed understanding of the eagerness among stakeholders for the transaction's closure. He highlighted the company's efforts in utilizing this interim period to verify and update the historical mineral resource estimate at the San Luis Project. Further updates are anticipated in the coming weeks. The delay, though short, marks a pivotal moment for Highlander Silver as it prepares to unlock value at San Luis.

Transaction closing is contingent upon satisfying certain conditions, including acquiring all necessary regulatory approvals. Highlander Silver remains focused on its mission to discover exceptional silver-gold projects, with the La Estrella project in central Peru currently under development.