Kinterra to buy majority stake in White Pine North copper project

• The White Pine North copper project has an $821 million net present value
• The deal provides a Kinterra affiliate with a majority interest in the joint venture with Highland and majority board representation
• Based in Longueuil, Quebec, Highland is a copper exploration and development company

Kinterra Copper, an affiliate of Canadian private equity firm Kinterra Capital, has inked a joint venture with Highland Copper Company to acquire a majority stake in Michigan-based White Pine North copper project.

White Pine North is one of the largest independent copper development projects in the US. It has an $821 million net present value with a 22-year mine life, according to Kinterra.

The deal provides Kinterra Copper with a majority (66 percent) interest in the joint venture with Highland and majority board representation.

Based in Longueuil, Quebec, Highland is a copper exploration and development company.

“We are very excited to partner with Highland on the White Pine North copper project,” said Cheryl Brandon, co-founder and co-managing partner of Kinterra Capital, in a statement. “White Pine North adds another high-quality asset that will contribute to the energy transition to Kinterra’s portfolio. By applying our deep technical expertise, our team has identified numerous initiatives that will drive significant value creation for all project stakeholders.”

Based in Toronto, Kinterra invests in the energy transition with a focus on late-stage battery metal mining development and production-focused assets.