Highland Critical Minerals Corp Director Brian Morales joined Steve Darling from Proactive to announce that the company has entered into a definitive arrangement agreement with its wholly owned subsidiary, Highland Red Lake Gold Corp., to proceed with a planned corporate spin-out. Under the agreement, Highland will distribute to its securityholders Highland Red Lake class A common voting shares along with share purchase warrants through a court-approved plan of arrangement. Each warrant will be exercisable at $0.15 per share for a five-year term. In total, Highland expects to distribute approximately 15.6 million Highland Red Lake shares and an equal number of warrants to its shareholders, while retaining an ownership position of about 2.6 million shares. The spin-out is designed to enhance shareholder value by providing direct exposure to two highly prospective gold properties situated in well-established Canadian gold districts. Highland Red Lake recently secured an option to acquire 3,366 hectares of mining claims in Ontario’s prolific Red Lake district—one of the most renowned gold-producing regions in the world—and has also staked an additional 1,400 hectares of prospective ground. To advance these assets, Highland Red Lake has already launched a $150,000 exploration program, which includes mapping, prospecting, rock sampling, airborne magnetic surveys, and soil sampling, with a targeted completion by year-end. Following the spin-out, the new company will become a separate reporting issuer in British Columbia and Ontario and intends to pursue private placement financings to fund its exploration and development plans. Meanwhile, Highland Critical Minerals will continue to focus on its broader portfolio, including lithium exploration at the Church Property in Ontario and early-stage planning at the Sy Property in Nunavut, underscoring its commitment to advancing both critical minerals and precious metals projects. The company recently completed a summer exploration program on its lithium asset and is evaluating next steps for its Nunavut project. Morales said that the Nunavut location offers longer exploration windows due to its seasonal advantages, helping Highland maintain operational flexibility. #proactiveinvestors #highlandcriticalmineralscorp #cse #hlnd #RedLakeGold #LithiumExploration #MiningCanada #CSEStocks #JuniorMining #GoldExploration #NunavutMining #SpinoutNews #MiningInvesting