Bear Creek Mining Corp. – Financial and Corporate Developments
Private Placement Financing
On 8 January 2026, Bear Creek Mining Corp. (TSX Venture Exchange: BCM, OTCQX: BCEKF) announced the successful closing of an 18‑million Canadian dollar private placement. The transaction was conducted through a confidential arrangement with a group of private investors and is expected to bolster the company’s working capital and exploration budget. The proceeds will be used to fund ongoing development activities at the company’s silver‑and‑gold projects in Peru, as well as to support strategic acquisitions that align with the company’s portfolio expansion objectives.
The company’s share price at the close of trading on 8 January 2026 was C$0.65. Over the preceding 52 weeks, Bear Creek Mining’s share price has ranged from a low of C$0.15 (19 August 2025) to a high of C$0.76 (1 October 2025). The market capitalization at the reporting date was C$189,914,240.
Arrangement with Highlander Silver Corp.
On 9 January 2026, Bear Creek Mining Corp. and Highlander Silver Corp. (TSX: HSLV) entered into an amended and restated arrangement agreement (the “A&R Agreement”). This agreement modifies the original arrangement dated 18 December 2025, under which Highlander Silver was to acquire all of the issued and outstanding common shares of Bear Creek that it did not already own through a statutory plan of arrangement under the Business Corporations Act (British Columbia).
Key terms of the A&R Agreement:
- Removal of Shareholder Approval Requirement – The amendment eliminates the need for a special meeting of Highlander Silver’s shareholders to approve the transaction, thereby expediting the completion of the arrangement.
- Continuity of the Arrangement – The amended agreement maintains the same acquisition structure, subject to regulatory approvals and customary closing conditions.
- Potential Impact on Shareholders – Bear Creek shareholders will be subject to the terms of the arrangement, which includes the exchange of Bear Creek shares for consideration provided by Highlander Silver.
The amendment is intended to streamline the acquisition process and reduce the time required for regulatory and shareholder approvals.
Corporate Context
Bear Creek Mining Corp. is a materials‑sector company headquartered in Vancouver, Canada. The company specializes in the acquisition and exploration of mineral properties, with a focus on silver and gold extraction. Its primary operating region is Peru, where it serves customers through a network of mining projects. Bear Creek is listed on the TSX Venture Exchange and maintains an online presence at www.bearcreekmining.com .
Financial highlights for the reporting period include a negative price‑earnings ratio of ‑1.39, reflecting the company’s ongoing investment in exploration rather than profitability.
