Heliostar Metals Ltd. is pleased to announce an aggressive drill-out of the Company's 100% owned Ana Paula deposit. The company will mobilize two drill rigs in April to commence the program. Heliostar CEO Charles Funk comments, "We have always wanted to push harder at Ana Paula, and now we can commence the largest drill program in the Company's history. We see potential to further improve the resource at Ana Paula. The [...]
Heliostar Metals Ltd. is pleased to announce that it has closed the bought deal equity financing previously announced by the Company on March 20, 2025, including the partial exercise of the underwriters' option, for aggregate gross proceeds of $19,500,000 . The Offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and Velocity Trade Capital Ltd., and including Clarus Securities Inc., BMO [...]
Heliostar Metals Ltd. is pleased to announce that it has entered into an amended agreement with Cormark Securities Inc. and Velocity Trade Capital Ltd., as co-lead underwriters on behalf of a syndicate of underwriters , pursuant to which the Company and the Underwriters have agreed to increase the size and amend the structure of the bought deal equity financing previously announced by the Company on March 19, 2025 [...]
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ Heliostar Metals Ltd. is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and Velocity Trade Capital Ltd. as co-lead underwriters on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase on a bought deal basis [...]
Heliostar Metals Ltd. is pleased to announce that Ms. Vitalina Lyssoun has commenced her role as Chief Financial Officer as announced on February 6th, 2025. Further, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 500,000 stock options at an exercise price of $0.815 and 150,000 restricted share units to an employee of the Company. The Options are exercisable for a period of five years [...]
Heliostar Metals Ltd. today reported financial results for the three months ended December 31, 2024 , which corresponds to the third quarter of Heliostar's fiscal reporting year 2025. The Company previously released its gold production for Q4 2024 Heliostar CEO, Charles Funk, commented, "Q4 2024 was a strong start to production for Heliostar. From the close of the transaction on November 7, 2024, to the quarter end, our [...]
HIGHLIGHTS: High Grade Panel 161.0 metres @ 4.26 grams per tonne gold including 30.0 metres @ 10.1 g/t gold, and 15.7 metres @ 10.4 g/t gold Parallel Panel 3.0 metres @ 21.4 g/t gold Satellite hit 24.0 metres @ 5.10 g/t gold Heliostar Metals Ltd. is pleased to announce additional results from the 100% owned Ana Paula project in Guerrero, Mexico. The Company has drilled 3,210 metres in phase one of the program and will [...]
Heliostar Metals Ltd. is pleased to announce that it has repaid the US$5M loan obtained from Deans Knight Capital Management Ltd on November 6th, 2024. The loan was used to acquire the portfolio of operating and development assets in Mexico from Florida Canyon Gold Inc. Heliostar CEO Charles Funk commented, "Repayment of this loan is another significant milestone for Heliostar. In November 2024, the Company completed the [...]
Heliostar Metals Ltd. is pleased to announce that it has appointed Ms. Vitalina Lyssoun as Chief Financial Officer , effective March 3, 2025. Ms. Lyssoun brings over 16 years of financial expertise, with a focus on the resource sector, to her new role. Most recently, she built and led the corporate accounting team at Gatos Silver Inc., including through their recent merger with First Majestic Silver Corp. Ms. Lyssoun was [...]
HIGHLIGHTS: 2024 Production of 20,795 GEOs 2025 Production Guidance of 31,000-41,000 GEOs Heliostar Metals Ltd. is pleased to announce that it produced 10,391 Gold Equivalent Ounces in the fourth quarter of 2024 . This resulted in a total 2024 production of 20,795 GEOs . As a result, the Company exceeded its production guidance for 2024, which was 20,000-20,250 GEOs . Financial results for the quarter ended December 31 [...]
HIGHLIGHTS: 5.0m grading 9.69 g/t gold 4.3m grading 9.87 g/t gold 15.0m grading 2.54 g/t gold 11.65m grading 1.86 g/t gold 11.6m grading 1.72 g/t gold 21.6m grading 0.77 g/t gold Continued success from assay results from shallow drilling in areas considered to be waste within the Creston Pit Expansion Higher Grade intercepts demonstrate underground potential beyond the current open pit Heliostar Metals Ltd. is pleased to [...]
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