Nov 20 2013
Highland Copper Company Inc. is pleased to announce that it has entered into a binding letter agreement with Copper Range Company ("CRC"), a subsidiary of First Quantum Minerals Ltd., to acquire all of CRC's rights, title and interest in the White Pine copper project ("White Pine") located in the Keweenaw Peninsula region of northern Michigan, U.S.A..
White Pine includes a number of mineral rights and surface rights covering an area of approximately 11,000 ha.
Dave Fennell, Executive Chairman of Highland, stated: "Since our capital raise in May 2012, the Company has been establishing itself as an emerging copper exploration and development company focused in northern Michigan, an area which we consider to be highly prospective. The acquisition of White Pine is complementary with our existing Keweenaw project, particularly given the extensive infrastructure in place from past operations, and is a significant step towards further establishing Highland as a leader in the region. We view this as a highly synergistic and important transaction for Highland shareholders."
Source: http://www.highlandcopper.com