Highlander Silver Secures $330M Project Finance Facility for Corani Silver Project
News related to:Highlander Silver Corp · 2 min read
TORONTO, Sept. 23, 2026 /CourierPR/ -- Highlander Silver Corp. (TSX, NYSE American: HSLV) has secured a significant $330 million senior secured project finance facility with Natixis Corporate & Investment Banking (Natixis CIB) to fund the development and construction of the Corani Silver Project in Peru. This financing will be supported by a cost overrun facility of up to $100 million, which will be established prior to the first draw and provided by the company itself. The total facility amount is subject to due diligence.
The project, which is the largest silver deposit in development globally, marks a major milestone for Highlander Silver. As of June 30, the company reported a cash balance of approximately $100 million and no debt. The facility is expected to close in the first quarter of 2027, providing high-quality capital that follows a rigorous multidisciplinary due diligence process across key technical, financial, environmental, and social aspects of the project.
The financing will be used to fund the development and construction of the Corani Silver Project, which is expected to significantly boost the company's portfolio of advanced-stage assets in Peru. The project, including 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, is a key focus for the company.
The project finance facility is subject to the 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. The company remains committed to advancing the Corani Silver Project and ensuring its successful development and construction.
This financing will provide the necessary capital to support the project's development, ensuring that Highlander Silver can continue to grow its portfolio of advanced-stage assets in Peru and maintain its position as a high-quality silver-growth company. The facility is expected to be 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.
The Corani Silver Project is expected to significantly enhance the company's portfolio of advanced-stage assets in Peru, including the bonanza-grade San Luis gold-silver project, which ranks among the 10 highest-grade projects globally in both gold and silver categories. The project is a key focus for the company, and the financing will provide the necessary capital to support its development and construction. The facility is subject to the 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.
Highlander Silver's major shareholders include the Augusta Group, the Lundin family, and Eric Sprott. The company is committed to advancing the Corani Silver Project and ensuring its successful development and construction, with the facility expected to provide the necessary capital to support the project's growth and future value.