05:33 PM EST, 01/13/2026 (MT Newswires) -- Highland Copper ( HDRSF ) after trade Tuesday said it has entered an agreement to sell its 34% stake in the White Pine North project to joint venture partner Kinterra Copper USA for about US$30 million.

The deal includes US$18.3 million in cash, net of the outstanding principal and accrued interest on the loan made by Kinterra to Highland Copper's ( HDRSF ) Upper Peninsula Copper Holdings unit, which is expected to total about US$11.7 million at closing, the company said.

The companies have also agreed to suspend cash calls under the joint venture until the transaction closes, it added.

Proceeds will be used to fund corporate and Copperwood Project activities, pay down debt, and streamline corporate structure, the company said, adding that the transaction is set to close in January, with a final deadline of Feb. 27.