Highlander Silver Secures $330M Project Finance for Corani Silver Project
Event summary
- Highlander Silver Corp. has secured a $330M senior secured project finance facility mandate with Natixis CIB for the Corani Silver Project in Peru.
- The 7-year facility is fully underwritten and includes a cost overrun facility of up to $100M.
- Highlander Silver reported a cash balance of $100M and no debt as of June 30, 2026.
- Closing of the facility is expected in Q1 2027, subject to due diligence and definitive documentation.
The big picture
This financing underscores the Corani Silver Project's status as a bankable asset in the mining sector, highlighting the growing appetite for structured project finance in large-scale mining developments. The deal also reflects the strategic importance of securing high-quality capital amidst increasing competition for clean mining products. With major shareholders including the Augusta Group, Lundin family, and Eric Sprott, Highlander Silver is positioning itself for significant growth in the silver market.
What we're watching
- Execution Risk
- Whether Highlander Silver can successfully complete the due diligence and definitive documentation process by Q1 2027.
- Market Dynamics
- How the intensifying global competition for clean concentrates will impact the value of the Corani Silver Project.
- Financial Strategy
- The pace at which Highlander Silver can leverage this financing to advance other projects in its portfolio.
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