# Highlander Silver and Bear Creek Mining Combine to Create Leading Growth Company in the Silver Sector Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef Original source: https://money.tmx.com/en/quote/HSLV/news/5839693967565017/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company Publisher: tmx Original announcement: 2025-12-19T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Highlander Silver Corp. - Ticker: HSLV - Exchange: TSX - Region: Peru - Primary commodity: Silver - Secondary commodities: Gold, Lead, Zinc - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-12 07:21:08 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Highlander Silver Corp. and Bear Creek Mining Corporation have entered into a definitive agreement to combine their businesses via a plan of arrangement. The transaction creates a leading silver growth company by merging the Corani silver project and the San Luis gold-silver project, while simultaneously resolving Bear Creek's debt and liquidity challenges. Reasoning: The definitive agreement to combine Highlander Silver and Bear Creek creates a major silver player with significant resource scale and improved balance sheet strength. - Positive factor: Strategic combination of two silver-focused companies - Positive factor: Creation of a leading silver growth company - Positive factor: Addition of the Corani Project \(large primary silver deposit\) - Positive factor: Combination with high-grade San Luis gold-silver project - Positive factor: Elimination of Bear Creek's debt and liquidity issues - Negative factor: Transaction involves restructuring of existing debt and streaming obligations Facts used in scoring: 22 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 21. Some facts used in scoring do not have a stored record. ## Resource Estimates (21) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-1) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:46decf4a3c07abf45a68 - Mining method: underground #### Resource Data - Category: proven - Tonnes: 20000000 - Grade: 59.7 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 59.7 Context: 20 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-2) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:46decf4a3c07abf45a68 - Mining method: underground #### Resource Data - Category: proven - Tonnes: 20000000 - Grade: 1 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.00 Context: 20 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-3) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:46decf4a3c07abf45a68 - Mining method: underground #### Resource Data - Category: proven - Tonnes: 20000000 - Grade: 0.6 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.60 Context: 20 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-4) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:cdb2711792ca346066bd - Mining method: underground #### Resource Data - Category: probable - Tonnes: 118000000 - Grade: 49.9 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 49.9 Context: 118 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-5) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:cdb2711792ca346066bd - Mining method: underground #### Resource Data - Category: probable - Tonnes: 118000000 - Grade: 0.88 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.88 Context: 118 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-6) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:cdb2711792ca346066bd - Mining method: underground #### Resource Data - Category: probable - Tonnes: 118000000 - Grade: 0.55 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.55 Context: 118 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-7) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:1b0f4cab0a791032eb24 - Mining method: underground #### Resource Data - Category: probable - Tonnes: 139000000 - Grade: 51.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 51.3 Context: 139 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-8) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:1b0f4cab0a791032eb24 - Mining method: underground #### Resource Data - Category: probable - Tonnes: 139000000 - Grade: 0.9 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.90 Context: 139 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-9) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:1b0f4cab0a791032eb24 - Mining method: underground #### Resource Data - Category: probable - Tonnes: 139000000 - Grade: 0.55 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.55 Context: 139 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-10) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:3bc693842fecb17376db - Mining method: underground #### Resource Data - Category: measured - Tonnes: 31000000 - Grade: 50 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 50.0 Context: 31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-11) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:3bc693842fecb17376db - Mining method: underground #### Resource Data - Category: measured - Tonnes: 31000000 - Grade: 0.79 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.79 Context: 31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-12) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:3bc693842fecb17376db - Mining method: underground #### Resource Data - Category: measured - Tonnes: 31000000 - Grade: 0.49 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.49 Context: 31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-13) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6924668b507ca36eb328 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 208000000 - Grade: 40.9 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 40.9 Context: 208 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-14) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6924668b507ca36eb328 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 208000000 - Grade: 0.64 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.64 Context: 208 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-15) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:6924668b507ca36eb328 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 208000000 - Grade: 0.43 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.43 Context: 208 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-16) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:9e2daecadeaf4e4ab844 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 239000000 - Grade: 42.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 42.1 Context: 239 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-17) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:9e2daecadeaf4e4ab844 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 239000000 - Grade: 0.66 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.66 Context: 239 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-18) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:9e2daecadeaf4e4ab844 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 239000000 - Grade: 0.44 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.44 Context: 239 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-19) silver #### Identity - Commodity: silver - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e8096bf91d3933a83588 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 73000000 - Grade: 35.5 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 35.5 Context: 73 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-20) lead #### Identity - Commodity: lead - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e8096bf91d3933a83588 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 73000000 - Grade: 0.4 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.40 Context: 73 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/highlander-silver-and-bear-creek-mining-combine-to-create-leading-growth-company--9af1311f-c796-45c0-a56a-e08da0f69fef#fact-resource-facts-21) zinc #### Identity - Commodity: zinc - Ticker: HSLV #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:e8096bf91d3933a83588 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 73000000 - Grade: 0.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-12-19T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.30 Context: 73 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.