Heliostar Announces New Chief Financial Officer

Heliostar Announces New Chief Financial Officer

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Ms. Vitalina Lyssoun as Chief Financial Officer ("CFO"), 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 also responsible for developing Gatos Silver's inaugural Sarbanes-Oxley Act compliance program across the organization. Previously, she held positions of increasing responsibilities at Endeavour Mining Plc and QuadReal Property Group.

Ms. Lyssoun started her career in public accounting, focusing on mining in Latin America and is a fluent Spanish speaker. She holds a Bachelor of Commerce with Honours from the University of British Columbia and is a Chartered Professional Accountant.

Heliostar CEO, Charles Funk, commented, "We are proud to add Vitalina to our team as we continue to grow rapidly. Vitalina brings a strong financial, transactional and reporting background to Heliostar from active production companies in Mexico and West Africa. She joins the company from Gatos Silver and Endeavour Mining. Vitalina will be responsible for administrative, financial, and risk management operations of the Company reporting to the Chief Executive Officer. I would like to sincerely thank Mr. Mahesh Liyanage, our founding CFO, for his expertise and friendship as we have built Heliostar from concept to gold producer. Our growth to require a full-time CFO is another step towards the Company's goal of becoming a mid-tier producer."

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, and on developing the 100% owned Ana Paula Project in Guerrero, Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: charles.funk@heliostarmetals.com
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: rob.grey@heliostarmetals.com
Phone: +1 844-753-0045

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward-looking statements or information. These forward-looking statements or information relate to, among other things: the Company's goal of becoming a mid-tier producer.

Forward-looking statements and forward-looking information relating to the terms and completion of the Facility, any future mineral production, liquidity, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military conflicts; costs of exploration and development; the estimated costs of development of exploration projects; and the Company's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect the Company's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding exploration and mining activities; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in the Company's public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239834

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Heliostar Metals (TSXV:HSTR)

Heliostar Metals


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Gold miner with a portfolio of producing and developing gold projects in Mexico.

Heliostar Announces Graduation to Tier 1 Status on the TSX Venture Exchange

Heliostar Announces Graduation to Tier 1 Status on the TSX Venture Exchange

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV") effective September 12, 2025.

The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage of development, and available resources. Tier 1 is the TSXV's highest designation and is reserved for more advanced companies with significant financial resources. This upgrade signifies Heliostar's continued growth and its commitment to providing long-term value for its shareholders.

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Heliostar Presents Second Quarter 2025 Financial Results

Heliostar Presents Second Quarter 2025 Financial Results

Q2 2025 Quarter Highlights

  • Q2 2025 production of 7,396 Gold Equivalent Ounces (GEOs)
  • Q2 2025 sales of 8,556 GEOs
  • Consolidated cash costs of $1,413 per GEO sold and consolidated all-in sustaining costs ("AISC") of $1,541 for Q2 2025
  • The Company is on track to achieve its annual sales guidance of 31,000 to 41,000 GEOs, annual cash cost of $1,800-1,900 per GEO sold and AISC of $1,950-2,100 per GEO sold for 2025
  • Mine operating earnings of $14.3M in Q2 2025
  • Closing the quarter with $29.7M in cash, $51.7 million in working capital and no debt

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") today reported unaudited financial results for the three months ended June 30, 2025 ("Q2 2025"), which corresponds to the first quarter of Heliostar's fiscal reporting year 2025. Results are presented in US dollars, unless stated.

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Heliostar Drills 30.2m Grading 6.29g/t Gold in First Resource Conversion Holes at Ana Paula

Heliostar Drills 30.2m Grading 6.29g/t Gold in First Resource Conversion Holes at Ana Paula

HIGHLIGHTS:

  • 30.20m grading 6.29g/t gold from 195.8m
  • 14.75m grading 13.6g/t gold from 153.5m
  • 20.95m grading 6.67g/t gold from 113.5m
  • 12.20m grading 8.72g/t gold from 344.5m
  • Consistent gold mineralization at the western end of the High Grade Panel
  • First results from a 15,000 metre program continuing throughout 2025

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce its first results from the current 15,000 metre drill program at its 100% owned Ana Paula project in Guerrero, Mexico. The program has the primary goal of converting inferred ounces to higher confidence classifications, as well as supporting the ongoing Feasibility Study and testing the next exploration targets around the Ana Paula deposit.

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Heliostar to Restart Mining Operations and Invest in Growth at Its San Agustin Mine, Durango

Heliostar to Restart Mining Operations and Invest in Growth at Its San Agustin Mine, Durango

Highlights:

  • Mining operations to restart at the San Agustin Mine in H2, 2025, with initial production expected in Q4
  • Operations analysis supports a post-tax NPV5% of US$35.25M, IRR of 548%, CAPEX of US$4.2M and an output of 45,000 total gold ounces produced at a US$3,000/oz gold price
  • Restart provides confidence for the first significant Heliostar investment into the future of San Agustin, aimed at extending mine life
  • Drilling will commence immediately in H2, 2025, on oxide expansion targets, followed by sulphide porphyry/breccia exploration

Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce the restart of mining operations at San Agustin, located in the state of Durango. Heliostar presently produces gold from residual leaching at the San Agustin Mine. The Company will increase production by mining the mineral reserve, principally in an area the Company describes as the Corner Area. This is a key milestone to unlock increased value from San Agustin.

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Heliostar Metals to Present at the Metals & Mining Virtual Investor Conference July 24

Heliostar Metals to Present at the Metals & Mining Virtual Investor Conference July 24

Heliostar Metals (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (" Heliostar " or the " Company ") is pleased to announce that it is participating in the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com on July 24, 2025. Vice President Investor Relations & Development Stephen Soock will present live to share how the Company's combination of immediate cash flow, meaningful exploration upside, and high-grade resource development set the stage for it to become the next mid-tier gold producer.

DATE : July 24
TIME: 11:00am EDT
LINK: REGISTER HERE
Available for 1x1 meetings: July 24, 28 and 29

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Locksley Resources Limited  Significant Enlargement of Exploration Program

Locksley Resources Limited Significant Enlargement of Exploration Program

Perth, Australia (ABN Newswire) - Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to advise that the Company is advancing a significant expansion to its exploration program, given the substantial increase in its landholding abutting MP Materials and identification of additional historical workings across the project areas.

Highlights

- Post the substantial expansion of Locksley's claim portfolio, the Company has determined that it will significantly increase the scale and accelerate the pace of its exploration program

- The expanded program will be focused upon exploring both the existing antimony and rare earths elements prospects, plus targeting additional commodities that have been identified on Locksley's larger land holding

- Post the evaluation of recent field activities Locksley will provide the market with a detailed outline of the expanded exploration program

- A substantial historical shaft has been discovered during a surface geological and structural mapping campaign recently undertaken at Mojave

- Shaft depth and the extent of underground workings is being evaluated, but is estimated at >15m and the Company is determining the composition of the commodities that were mined

- Vein orientation striking NNE, similar to that at the Desert Antimony Prospect, supports the developing geological interpretation of multiple NNE striking structures across the Mojave Project

- Grab samples collected from the prospect being submitted for laboratory analysis

- Locksley hosts broker and analyst site visit at Mojave

Expanded and Accelerated Exploration Program

Given the combination of the significant increased land holding and the potential for other commodities to be present (as confirmed from the discovery of an additional shaft on the Mojave Project), Locksley has elected to expand its exploration activities. The Company has commenced the planning process for these expanded activities and will advance these undertakings in the coming weeks.

Geological Mapping & Historical Mining

Locksley has recently undertaken multiple rounds of field mapping to increase the understanding of the Mojave Project. During the most recent field mapping campaign, Locksley's geologists have discovered a historical shaft in the core of the North Block whilst mapping the area for REE potential.

The extent of the workings seen in the vicinity indicates that a substantial shaft (estimated potentially >15m depth) has been mined. Initial grab sampling has been completed with the aim of determining what commodities were extracted. These newly discovered historical workings provide a new exploration target (named Hendricks) for Locksley.

The broader geological mapping has been completed, and the prioritised mapping of the NE and SW extensions from the Desert Antimony Mine, the western limits of the North Block claims (which lie due north of the Mountain Pass Mine) and the North Block REE target (where the shaft was discovered). The field geologists are compiling their mapping data and will incorporate the findings into the broader geological understanding and targeting for a follow up field sampling campaign.

Broker and Analyst Site Visit

Locksley hosted a site visit for brokers and analysts at the Mojave Project on Saturday, 13th September, following the substantial increase in its landholding abutting MP Materials. The visit provided key stakeholders with first hand exposure to the scale of Locksley's expanded tenure and the planned drilling at the Desert Antimony Mine and El Campo. The field trip underscored the strong geological potential across the project portfolio and highlighted the Company's commitment to advancing exploration and development activities in one of the most strategic critical mineral regions in the United States.

Pat Burke, Chairman of Locksley Resources, commented:

"The substantial expansion of our landholding within the Mojave Critical Minerals Corridor marks a pivotal step in Locksley's growth. The site visit with brokers and analysts provided an excellent opportunity to showcase not only the scale of our tenure, but also the strategic importance of our position alongside MP Materials. With the U.S. Government increasingly focused on securing domestic supply chains for critical minerals, Locksley is well placed to deliver a mine-to-market solution for antimony and rare earths. We look forward to progressing our exploration program and building long-term value for our shareholders."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/0SKL75LX



About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials' claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic "Desert Antimony Mine", which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley's North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley's Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

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Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

Providence Gold Mines Inc. Announces Financing Update on the La Dama de Oro Gold Property

(TheNewswire)

VANCOUVER September 12, 2025 TheNewswire - Providence Gold Mines Inc. ("Providence" or the "Company") is pleased to announce a non brokered Unit Private Placement Financing of up to $250,000 through the issuance of 5,000,000 units oof the Company (each a "Unit") the ("Private Placement"). Each Unit will consist of one Common Share and one full Warrant exercisable for a period of two years. The Unit is priced at $0.05 for one Common Share in the Capital of the Company (a "Common Share") and one nontransferable full Warrant. Each nontransferable Warrant will entitle the holder to purchase one additional Common Share at a price of $0.05 for a period of 24 months from the date of closing of the Private Placement will be subject to the approval of the TSXV.

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Rio Silver arranges $1.3M private placement

Rio Silver arranges $1.3M private placement

Vancouver, British Columbia September 11, 2025 Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO,OTC:RYOOD) (OTC: RYOOF) announces private placement of units. Rio Silver Inc. has arranged a non-brokered private placement financing of up to 13 million units at $0.10 per unit for gross proceeds of up to $1.3-million.

Each unit consists of one common share and one transferable warrant. Each whole warrant is exercisable into one common share at 15 cents per share for three years from closing. If, following the final closing date of the private placement, the company's common shares close at or above 25 cents on the TSX Venture Exchange (or such other exchange on which the shares may trade) for 15 consecutive trading days, the company may accelerate the warrant expiry date by issuing a news release. The warrants would then expire 30 days from the date of that notice.

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Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

Brings Company's Total Claims to 491 in Area Housing the Only Rare Earths Producing Mine in U.S.

Move Expands Locksley's Exploration Pipeline Across Antimony, Rare Earths Elements and Polymetallic Prospects

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Kobo Resources Announces Closing of First Tranche of Non-Brokered Private Placement for Gross Proceeds of over $2.5 Million

Kobo Resources Announces Closing of First Tranche of Non-Brokered Private Placement for Gross Proceeds of over $2.5 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

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