Highland Copper Announces Appointment of Chief Financial Officer
Highland Copper Announces Appointment of Chief Financial Officer
February 14, 2022 – Longueuil, Quebec. Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF)
(the “Company”) reports changes to its executive team . E ffective immediately, Barry O’Shea will be
assuming the position of Chief Financial Officer (“CFO”) of the Company and Alain Krushnisky will be
stepping down as CFO to devote more time in his role as CFO of other reporting issuers.
Barry O'Shea has over 20 years of finance experience across diverse industries and countries. Mr. O’Shea
was CFO of Fiore Gold Ltd. from May 2018 until its recent acquisition by Calibre Mining Corp. Prior to
that, he spent eight years with New Gold Inc., initially as Vice President of F inance where he oversaw
financial reporting, financial planning, internal audit, and tax and then as V ice President, Business
Development, responsible for corporate development, investor relations, and strategic capital allocation.
Mr. O'Shea is a Chartered Professional Accountant and has an Honours Business Administration degree
from the Ivey Business School.
“Alain has been an important part of the Company since 2012 . We very much appreciate all his
contributions during the past nine years and the support he will provide during a transition period to
integrate Barry into his position”, said Denis Miville-Deschenes, President & CEO. “We are excited to have
Barry join the Company on a full-time basis. We expect his background and experience to have a positive
impact on Highland Copper as we work toward developing and financing the construction of our
Copperwood project in Michigan as well as advancing the neighbouring White Pine North project. On
behalf of the Board of Directors, I would like to welcome Barry aboard.”
Following completion of a $26 million equity raise in early September, the C ompany has been busy,
working with G Mining Services, updating the Copperwood Feasibility Study completed in June 2018. This
is the perfect time to evaluate project opportunities while also reviewing capital and operating costs, supply
chain issues and the project execution plan. It is the intent to have the updated study finalized including the
development schedule for the second quarter of 2022.
The fundamentals for the long- term copper price remain very good as is the current price of copper and
Highland Copper remains dedicated to, after financing, bring into construction and production the
Copperwood project, the first of its two projects in Michigan, USA.
CAUTIONARY STATEMENT
This press release contains certain forward-looking statements within the meaning of applicable Canadian
securities legislation. All statements, other than statements of historical fact, including, without limitation,
statements relating to the timing of completion of the updated Copperwood Feasibility Study, the
Company’s ability to bring the Copperwood project into construction and production ; prices for copper;
or other statements that are not statements of fact. Forward -looking statements involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations include the uncertainties
involving the Company ’s ability to obtain the additional financing required to develop properties and
availability of financing in the debt and capital markets; uncertainties involving the estimation of reserves
and resources; the need to obtain permits and governmental approvals; risks of construction and mining
projects such as accidents, equipment breakdowns, bad weather, non-compliance with environmental and
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permit requirements, metal grades or recovery rates; the ability of the Company to hire and r etain key
management employees and skilled and experienced personn el; unexpected cost increases, which could
include significant increases in estimated capital and operating costs; fluctuations in metal prices and
currency exchange rates. All forward-looking statements in this press release are based on information
available to the Company as of the date hereof, and the Company undertakes no obligation to update
forward-looking statements except as required by law.
About Highland
Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper
projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on
SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information, please contact:
Denis Miville-Deschênes, President & CEO
Tel: +1.450.677.2455
Email: [email protected]