Highlander Silver (TSXV: HSLV; OTCQB: HSLVF) is advancing its San Luis project with new funding, ongoing drilling success, and a silver market trading at 14-year highs. Speaking with Kitco Mining, President and CEO Daniel Earle described recent events as “a true structural bull market for silver, where we’ve got constrained supply set against powerful secular demand growth.” He added that silver is starting to decouple from its traditional link to gold, a break driven by demand from solar energy, electrification, and advanced technologies.
Drilling at San Luis continues to deliver strong results. At Bonita, the first seven holes returned broad intervals of mineralization from surface, while Ayelén has advanced as a permitted underground target. “We want to make sure we’re getting close to or break that a hundred million ounce number,” Earle said, adding that achieving this could place Highlander among the world’s leading silver producers.
On September 29, Highlander closed an upsized bought-deal financing for gross proceeds of C$86.25 million, issuing 23 million shares at C$3.75 each. Led by National Bank Financial with participation from a syndicate of underwriters, the oversubscribed deal brought in new global institutional investors alongside Augusta Capital, the Lundin family, and Eric Sprott. The financing strengthens the company’s exploration, project studies, permitting, and potential acquisitions at San Luis.
Silver’s 14-year highs have supported Highlander’s market capitalization rise to around C$440 million, with management targeting a net asset value of C$500 million as development advances. Index visibility could provide another catalyst, with Highlander preparing for potential inclusion in the SILJ index as early as November, and the larger SIL index possible by April 2026.
Drill results are expected every six weeks, and with a stronger balance sheet and silver prices holding near multi-year highs, Highlander is positioning San Luis to capture both market and investor momentum.
Watch on the Kitco Mining YouTube channel here: Catch the full, unedited conversation where Daniel Earle breaks down Highlander’s strategy, the push toward 100 million ounces, and how exploration success could drive the next phase of growth.
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