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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Heliostar Metals Ltd. The Board of Directors is pleased to announce the following changes and additions to its Board. We believe that these changes will provide strengthened governance while also adding depth and skills, providing clarity of responsibility and purpose for the company's next stage of growth. The board has approved the following [...]
Heliostar Metals Ltd. is pleased to announce the successful completion of the Company's warrant exercise incentive program, as previously announced on November 14, 2023 . A total of 17,581,544 common shares in the capital of the Company were issued upon the exercise of 17,581,544 previously outstanding share purchase warrants , providing aggregate [...]
Heliostar Metals Ltd. is pleased to announce the appointment of Mr. Gregg Bush as Chief Operating Officer for the Company. Mr Bush is a proven mine builder with a strong track record of mine development, project integration and operations. Previously, Mr. Bush was the COO of Capstone Mining Corporation for eight years. There, his responsibilities [...]
Highlights of the Mineral Resource Estimate: Total measured and indicated mineral resources of 710,920 gold ounces grading 6.60 g/t gold Total inferred mineral resources of 447,512 gold ounces grading 4.24 g/t gold Mineral resource estimation cutoff grade of 2.5g/t gold. Increased from previous estimate A connected zone of greater than 200,000 gold [...]
Heliostar Metals Ltd. is pleased to provide an update on its warrant exercise incentive program previously announced on November 14, 2023 . The Warrant Incentive Program was designed to encourage the early exercise of up to 46,363,630 common share purchase warrants issued on March 16, 2023 . To date, holders of 15,368,864 Outstanding Warrants have [...]
