TORONTO, May 20, 2026 /PRNewswire/ -- Kinterra Capital Corp. ("Kinterra") today announced that it has secured US$75 million in co-investment commitments for White Pine Copper LLC ("White Pine Copper"), owner of the White Pine North project ("White Pine" or the "Project"), a brownfield underground copper-silver development project located in Michigan's Upper Peninsula.
The co-investment financing, which is expected to close on or before June 1, 2026, follows significant development spearheaded by Kinterra at the Project, which is culminating into an updated pre-feasibility study ("PFS") that demonstrates exceptional project economics at long-term consensus pricing. The PFS will be complete in early Q326. Alongside the progression of key project development work, Kinterra has also negotiated a value accretive amendment to the silver royalty framework on the Project with OR Royalties Inc. ("OR Royalties"), which creates strong alignment of interest between Kinterra and OR Royalties. With the PFS in progress and the royalty restructured, the co-investment fully funds White Pine Copper's current work program to continue advancing engineering, permitting, and stakeholder workstreams toward a Final Investment Decision ("FID").
White Pine is an extension of the past-producing copper project of the same name located in the historic Copper Range District. The former mine operated for more than 40 years and produced over 4.5 billion pounds of copper. Today, White Pine is being advanced as a modern underground mine with a proposed 26-year mine life and an expected average annual production of approximately 60,000 tonnes of copper equivalent once ramped up.
