Heliostar Metals Ltd. is pleased to announce that it has appointed Mr. Mike Gingles as Vice President Corporate Development. Mr. Gingles has over 35 years of corporate and entrepreneurial experience in the mining industry and is credited with leading corporate transactions for Pueblo Viejo and Turquoise Ridge that resulted in the development of over 30 million ounces of gold reserves. He has worked for several major [...]
Heliostar Metals Ltd. is pleased to announce a non-brokered private placement of 10,000,000 units at a price of $0.60 per Unit for gross proceeds of $6,000,000 . Each Unit will consist of one common share in the capital of the Company and one-half of one non-transferable Common Share purchase warrant . Each Warrant shall entitle the holder thereof to purchase one additional Common Share at an exercise price of $0.90 per [...]
Heliostar Metals Ltd. is pleased to announce that it commenced a 5,000 metre diamond drill program at its Ana Paula Project in Mexico . The two stage drill program will test the east, west and down dip extensions of the High Grade Panel and the Parallel Panel targets. Phase one will consist of seven drill holes totalling 2,600 metres and phase two consists of eight drill holes totalling 2,400 metres. Heliostar CEO [...]
HIGHLIGHTS: Up to US$5 million working capital facility with Ocean Partners Immediately available Interest rate 3 month SOFR + 4% Matures on December 31, 2025 Up to US$5M transaction closing facility with Deans Knight Available to fund US$5M closing payment to acquire a Mexican asset portfolio from the former Argonaut Gold Interest rate 15% Mature on November 30, 2026 Provides capital required to close the acquisition [...]
Heliostar Metals Ltd. is pleased to announce that it has closed the final tranche of its non-brokered private placement offering . Timing for closing of the Final Tranche was driven by the need to obtain TSX Venture Exchange approval for a new insider position. Pursuant to the Final Tranche, the Company issued an aggregate of 1,886,000 Shares at a price of $0.265 per Share for gross proceeds of $499,790. Further to the [...]
HIGHLIGHTS: Strategic Acquisition of former Argonaut Gold Assets in Mexico - transforms Heliostar into a gold producer with a robust development portfolio Expanded Asset Base - adds two producing mines, the San Agustin Mine and the La Colorada Mine, and two advanced development projects to Heliostar's portfolio Increased Resource Base - Heliostar's measured and indicated resources grow to 3.5 million ounces of gold in [...]
Heliostar Metals Ltd. is pleased to announce that it has closed the initial tranche of its non-brokered private placement offering previously announced on June 5, 2024. Pursuant to the Offering, the Company issued an aggregate of 16,904,585 common shares at a price of $0.265 per Share for gross proceeds of approximately $4,479,715. The Company expects to close a final tranche of the Offering upon receipt of TSX Venture [...]
Heliostar Metals Ltd. is pleased to announce a non-brokered private placement of up to 18,867,924 common shares at a price of $0.265 per Offered Share for gross proceeds of up to approximately $5 million . The Company intends to use the net proceeds of the Private Placement for the commencement of drilling at Ana Paula and general working capital. The Private Placement is scheduled to close on or about June 18, 2024 and [...]
HIGHLIGHTS: Debt Facility to fund completion of the Decline, Test Mining and processing of a Bulk Sample This self-funding path is an innovative means of funding the advancement of the Ana Paula Project and minimize equity dilution Funding expected to be repaid within 30 months from drawdown through sale of gold from the bulk sample Completion of the decline reduces future capital expenditure and future drilling costs A [...]
Highlights: Heliostar undertakes review of financing options to complete the existing decline and test mining of a bulk gold sample in advance of a Feasibility Study Multiple scenarios show the potential to recover >20,000 ounces of gold from stopes averaging 7-10 g/t gold Demonstrates a potential pathway to production from test mining within 12 months The Company is assesing non-equity funding options for this program [...]
Heliostar Metals Ltd. is pleased to announce it filed its updated mineral resource estimate for the Ana Paula Project located in Guerrero, Mexico. The Updated Mineral Resource Estimate was completed by Rita Teal and Lewis Teal, Qualified Persons with Teal CPG Inc. The technical report titled "Ana Paula Project NI 43-101 Technical Report Mineral Resource Estimate Update" is dated January 11, 2024, has an effective date of [...]
Heliostar Metals Ltd. is pleased to update its disclosure regarding the closing of its warrant exercise incentive program . Capitalized terms used but not defined in this news release have the meanings given to them in the Company's news release dated December 11, 2023. An additional 18,000 Outstanding Warrants were exercised pursuant to the Incentive Program. Accordingly, the Company confirms that a total of 17,599,544 [...]
