Month: September 2026

Approximately $507,000 invested to reactivate Panuco operations; additional capital deployment planned as NEXT10 targets increased gold production through mid-2027

GREEN VALLEY, Ariz., Sept. 23, 2026 (GLOBE NEWSWIRE) — NEXT10, Inc. (OTC: NXTN) (“NEXT10” or the “Company”), through Torreon Group, Inc., today announced that it activated its first mining operation in Mexico and commenced gold production at the Panuco gold mining operation effective August 1, 2026.

Earlier this year, NEXT10 invested approximately $507,000 in equipment, infrastructure and operating improvements to reactivate the Panuco operation. The Company currently expects to deploy approximately an additional $240,000 in the coming weeks as part of the next phase of production expansion.

Gold production began August 1 and is currently operating at approximately 20 ounces per month. As additional equipment, infrastructure and processing capacity are installed, management is targeting production of approximately 320 ounces of gold per month by mid-2027.

The operation is currently generating revenue, which the Company expects to begin reflecting in its reported financial results over the coming quarters.

The milestone represents an important transition for NEXT10 as the Company moves from acquiring and developing hard-asset opportunities into the activation, operation and expansion of revenue-producing assets.

“This is where strategy becomes an operating business,” said John B. Hayden, Chairman and Chief Executive Officer of NEXT10, Inc. “Earlier this year, we committed approximately $507,000 to put this operation back to work. Gold production began August 1, the operation is now generating revenue, and we are continuing to invest behind the asset as we expand its productive capacity.”

Hayden continued, “After more than four decades in business, I have learned that sustainable growth is built in stages. You deploy capital, establish operations, prove the process and then invest further where the results support it. We are currently producing approximately 20 ounces of gold per month. With the equipment, infrastructure and additional capital we plan to deploy, our objective is to build toward approximately 320 ounces per month by mid-2027. That disciplined approach to capital deployment is one we intend to apply across the NEXT10 portfolio.”

The Company expects to continue investing in processing equipment, infrastructure and operating capacity over the coming months. These investments are intended to increase throughput, improve recovery capabilities and support the planned production ramp.

The approximately 320-ounce-per-month production objective is a management target and should not be interpreted as a guarantee of future production. Actual results may vary materially depending on equipment installation and commissioning, mine conditions, processing performance, recovery rates, available capital, commodity prices, operating costs and other operational and market factors.

NEXT10 intends to provide additional operating and financial updates as material milestones are achieved.

About NEXT10, Inc.

NEXT10, Inc. (OTC: NXTN), through Torreon Group, Inc. and its affiliated businesses, is focused on acquiring, developing and operating businesses and assets with an emphasis on opportunities backed by real estate and other hard assets.

The Company’s strategy is to identify assets where additional capitalization, operating discipline and active management may improve operations, generate cash flow and create long-term enterprise value.

For additional information, visit www.torreongroupinc.com.

Mining and Technical Information

Unless expressly stated otherwise, information concerning production potential, anticipated grades, recoveries, throughput and future mining or processing activities is based on information provided by the Company, project operators and management estimates.

Commodity Prices and Capital Requirements

Future financial performance may be affected materially by changes in gold, copper and other commodity prices. The Company does not control commodity prices and makes no representation that any assumed or projected commodity price will be realized.

The Company’s planned production expansion also depends, in part, on the availability and successful deployment of additional capital. There can be no assurance that required capital will be available when needed or on terms acceptable to the Company.

Forward-Looking Statements

This press release contains forward-looking statements regarding, among other matters, planned investments in mining equipment and infrastructure; anticipated increases in gold production; the Company’s target of approximately 320 ounces of gold production per month by mid-2027; future revenue and financial results; and NEXT10’s broader operating and growth strategy.

Forward-looking statements are based on management’s current expectations, estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.

These risks include, among others, equipment availability and commissioning, mining and processing performance, recovery rates, geological and operating conditions, commodity prices, operating costs, capital requirements, financing availability, regulatory matters and general economic and market conditions.

There can be no assurance that planned investments will result in the targeted production levels, revenue or profitability. Past performance, historical results and management estimates are not guarantees of future results.

Forward-looking statements speak only as of the date of this release. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement.

Contact

John B. Hayden
CHAIRMAN/CEO
TORREON GROUP INC/NEXT10
ir@torreongroupinc.com

All amounts in this release are in U.S. dollars unless otherwise indicated.

TORONTO, Sept. 23, 2026 (GLOBE NEWSWIRE) — Highlander Silver Corp. (TSX, NYSE American: HSLV) (“Highlander Silver” or the “Company”) is pleased to announce that it has executed a mandate letter with Natixis Corporate & Investment Banking (“Natixis CIB”) to lead a fully underwritten 7-year senior secured structured project finance facility of $330 million (the “Facility”) to fund the development and construction of the Corani Silver Project in Peru. The financing will be supported by a cost overrun facility of up to $100 million to be established prior to first draw and provided by the Company; final facility amounts will be subject to due diligence. As of June 30, the Company reported a cash balance of approximately $100 million and no debt.

Natixis CIB brings deep expertise in structuring project financing for large-scale mining developments, reinforcing the Corani Silver Project as a globally recognized, bankable asset. The execution of this mandate letter represents a major milestone in advancing towards a fully funded construction package.

Daniel Earle, President & CEO of Highlander Silver, commented:

“Highlander Silver is delighted to partner with Natixis CIB, which is widely regarded as one of the world’s leading project finance institutions, with a distinguished track record of financing successful development projects. The Facility represents a strong endorsement of the Corani Silver Project, providing high-quality capital that follows a rigorous multidisciplinary due diligence process across key technical, financial, environmental and social aspects of the project that set it apart from recent peer financings in the high-yield and convertible debt markets. Importantly, Highlander Silver has retained 100% of the offtake rights to the project to preserve optionality and maximize future value amidst an intensifying global competition for clean concentrates.”

The Facility is subject to completion of definitive documentation, which will include customary project finance terms, fees and conditions, credit approvals, and the completion of ongoing detailed technical, financial, environmental and social due diligence. Closing is expected in the first quarter of 2027.

About Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide. As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor’s: A+, Moody’s: A1, Fitch: A+, R&I: A+).

On behalf of Highlander Silver

“Daniel Earle”
President and CEO

Information contact

Arun Lamba, Vice President Corporate Development
alamba@highlandersilver.com

About Highlander Silver

Highlander Silver is a high-quality silver-growth company developing a portfolio of advanced-stage assets in Peru which includes the bonanza-grade San Luis gold-silver project, which ranks among the 10 highest-grade projects globally in both gold and silver categories, and the Corani silver project, the largest silver deposit in development globally.¹ The Company also operates the Mercedes gold-silver mine in Mexico. Highlander Silver’s major shareholders include the Augusta Group, Lundin family, and Eric Sprott.

Forward-looking statements

Certain information contained in this news release constitutes “forward-looking information” under Canadian securities legislation. This includes, but is not limited to: statements regarding the Facility, including its anticipated amount, tenor, interest rate, spread and other terms; the timing and ability of the Company to complete and draw under the Facility; the completion of definitive documentation, ongoing due diligence; the establishment and amount of a cost overrun facility; the anticipated timing of closing; the use of proceeds of the Facility to fund development of the Corani Silver Project. Such forward looking information or statements can be identified by the use of words such as “anticipates”, “expects”, “intends”, “believes”, “plans”, “may”, “subject to” or “underway” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “will” be taken, occur, or be achieved. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, including: that due diligence and definitive documentation will be completed on terms consistent with the mandate letter; the applicable conditions precedent will be satisfied; the cost overrun facility will be available on acceptable terms; and there will be no material adverse change affecting the Company, the Corani Silver Project or the financing markets. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such factors include, among others: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of precious and base metals; accident, labour disputes and other risks of the mining industry; delays in obtaining governmental or stock exchange approvals or financing; and risks related to the Facility, including that definitive documentation may not be completed on the terms contemplated or at all, ongoing due diligence may not be completed to the satisfaction of Natixis CIB, conditions precedent may not be satisfied, the cost overrun facility may not be established on acceptable terms or at all, closing or drawdowns under the Facility may be delayed or may not occur, interest rates may change, or project costs may increase, or the development of the Corani Silver Project may be delayed, cost more than anticipated or be adversely affected by technical, environmental, social, permitting, construction or other development risks. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information.

^{1 S&P Global rankings including the Corani silver project and San Luis gold-silver project.}