HELIOSTAR METALS ANNOUNCES $12 MILLION BOUGHT DEAL EQUITY FINANCING

HELIOSTAR METALS ANNOUNCES $12 MILLION BOUGHT DEAL EQUITY FINANCING

 
 

   The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+   

 

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

 

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FRA: RGG1) (" Heliostar " or the " Company ") 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 (collectively the " Underwriters "), pursuant to which the Underwriters have agreed to purchase on a bought deal basis 12,000,000 common shares of the Company (the " Shares ") at a price of C$1.00 per Share (the " Offering Price "), representing total gross proceeds of C$12,000,000 (the " Offering ").

 

The Company has also granted the Underwriters an option (the " Over-Allotment Option "), exercisable at the Offering Price for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, on the same terms as the Offering. Closing is expected on or about March 28, 2025 (the " Closing Date "), and is subject to regulatory approval including that of the TSX Venture Exchange. In the event that the Over Allotment Option is exercised in full, the total gross proceeds of the Offering will be $13,800,000 .

 

The net proceeds of the Offering will be used for the development of the Company's projects in Mexico , including drilling at Ana Paula, and for general corporate purposes as will be set out in the Prospectus Supplement (as defined below).

 

The Shares will be offered by way of a prospectus supplement (the " Prospectus Supplement ") to the Company's existing Canadian base shelf prospectus dated June 19, 2023 (the " Base Shelf Prospectus "). The Prospectus Supplement will be filed in British Columbia , Alberta and Ontario . The Shares will also be offered in the United States on a private placement basis pursuant to one or more exemptions from the requirements of the United States Securities Act of 1933 , as amended, and may also be offered in such other jurisdictions as may be agreed upon by the Company and the Underwriters, in each case in accordance with all applicable laws and provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

 

Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus supplement and any amendment to such documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof), accessible through SEDAR+ at www.sedarplus.com . An electronic or paper copy of the Prospectus Supplement, the Base Shelf Prospectus and any amendment thereto may be obtained, without charge, from Cormark Securities Inc. by phone at (416) 362-7485 or email at ecm@cormark.com by providing the contact with an email address or address, as applicable.

 

  This press release is not an offer or a solicitation of an offer of securities for sale in the United States.  The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.  

 

  About Heliostar Metals Ltd.  

 

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to acquire a portfolio of production and development assets in Mexico .

 

   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 Note Regarding Forward Looking Statements   

 

  This press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: closing of the Offering, Use of Proceeds of the Offering and regulatory approval.  The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. This press release contains forward-looking information in a number of places such as in statements relating to the use of process; and the closing of the Offering including timing; the ability to obtain necessary regulatory approvals, including the TSX Venture Exchange. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual information form and the Company's annual and interim financial statements and corresponding management discussions and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.  

 

SOURCE Heliostar Metals Ltd. 

 

 

 

 Cision View original content: http://www.newswire.ca/en/releases/archive/March2025/19/c3789.html  

 
 

 

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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 Reports Multiple Stockpile Assays Including 10.7m of 1.81 g/t Gold at La Colorada Mine

Heliostar Reports Multiple Stockpile Assays Including 10.7m of 1.81 g/t Gold at La Colorada Mine

 

HIGHLIGHTS:

 
  • 10.7m grading 1.81 g/t gold from surface
  •  
  • 19.8m grading 0.62 g/t gold from 4.6 metres
  •  
  • 13.7m grading 0.61 g/t gold from surface
  •  
  • 9.10m grading 0.87 g/t gold from surface
  •  
  • Additional drilling success at the Truckshop stockpile fits La Colorada's strategy to maximize cashflow ahead of pit expansions
  •  
  • Definition of stockpiles ongoing at La Colorada with next drilling planned at El Dorado
  •  

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce results from the Truckshop stockpile at its operating La Colorada Mine in Sonora, Mexico. This is part of an ongoing drilling program across multiple targets at the mine. La Colorada has been profitably producing precious metals from stockpiles through the first half of 2025.

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Heliostar Drills 56.6 Metres Grading 2.88 g/t Oxide Gold from 68 Metres at the La Colorada Mine, Sonora, Mexico

Heliostar Drills 56.6 Metres Grading 2.88 g/t Oxide Gold from 68 Metres at the La Colorada Mine, Sonora, Mexico

 

HIGHLIGHTS:

 
  • 56.6m grading 2.88 g/t gold from 68m
  •  
  • 23.2m grading 14.4 g/t gold from surface (including 0.85m grading 381 g/t gold)
  •  
  • 4.05m grading 17.8 g/t gold from 136m
  •  
  • 8.7m grading 6.68 g/t gold from 56m
  •  
  • 18.85m grading 3.54 g/t gold from 95m
  •  
  • Deeper drilling at the Creston Pit shows a combination of wide intervals and high grades
  •  
  • Results will be incorporated in an updated technical study for La Colorada expected to be released mid-2025
  •  
  • The focus of drilling at La Colorada will shift to stockpiles and then high-grade veins beneath and along strike from the open pits
  •  

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce additional results from an expanded 16,211 metre drilling program at the La Colorada Mine in Sonora, Mexico. La Colorada restarted production in early January 2025, and the current drill program is intended to expand the mineral reserves ahead of an updated technical report and expansion decision planned for mid-2025.

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Heliostar Delivers Strong First Quarter 2025 Results

Heliostar Delivers Strong First Quarter 2025 Results

 

Q1 2025 Operational and Financial Highlights

 
  • Gold equivalent ounce ("GEO") production of 9,082 GEOs and sales of 8,034 GEOs for Q1 2025. The Company is on track to achieve annual sales guidance of 31,000 to 41,000 GEOs for 2025
  •  
  • Preliminary interim consolidated cash costs of US$1,175-1,275 per GEOs sold and consolidated all-in sustaining costs ("AISC") of US$1,375-1,475 for Q1 2025. The Company is on track to achieve its annual cash cost guidance range of US$1,800-1,900 per GEOs sold and AISC of US$1,950-2,100 per GEOs sold
  •  
  • Average sale price of US$2,875 per ounce of gold for Q1 2025
  •  
  • Closing of the quarter with US$27M in cash and no debt
  •  

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to report preliminary interim results for the three months ended March 31, 2025 ("Q1 2025"), which corresponds to the fourth quarter of Heliostar's fiscal reporting year 2024-25.

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Additions to Heliostar Metals Management Team

Additions to Heliostar Metals Management Team

 

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that it has appointed Mr. Stephen Soock as Vice President of Investor Relations and Development and Ms. Connie Lillico as Corporate Secretary.

 

Heliostar CEO, Charles Funk, commented, "We are delighted to add Stephen and Connie to our team as we continue to build our capacity. Stephen brings his understanding of institutional banking, sales and project knowledge from his role as an analyst at Stifel. He will lead the Company's investor relationships and contribute to Heliostar's strategy for production growth and reduction in our cost of capital. Connie brings a wealth of experience, having helped shepherd First Majestic from an ambitious junior to stable producer. She will lead the Company's regulatory responsibilities in her role as Corporate Secretary. I would also like to thank Ms. Sheryl Dhillon for her diligent, professional long-term service to the Company as our Corporate Secretary."

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Heliostar Drills 8.85 Metres Grading 25.0 g/t Gold and 768 g/t Silver at the La Colorada Mine, Sonora, Mexico

Heliostar Drills 8.85 Metres Grading 25.0 g/t Gold and 768 g/t Silver at the La Colorada Mine, Sonora, Mexico

 

HIGHLIGHTS:

 
  • 8.85m grading 25.0 g/t gold and 768 g/t silver
  •  
  • 8.55m grading 5.52 g/t gold and 121 g/t silver
  •  
  • 3.5m grading 5.41 g/t gold and 87 g/t silver
  •  
  • 5.5m grading 11.1 g/t gold
  •  
  • 2.9m grading 10.5 g/t gold
  •  
  • 4.6m grading 5.78 g/t gold
  •  
  • 5.75m grading 4.72 g/t gold
  •  
  • Higher-grade intercepts demonstrate underground potential beyond the current open pit
  •  
  • The success of this drill program called for additional step-out drilling. Results for these drill holes are expected in Q2, 2025
  •  
  • La Colorada technical report update incorporating these results is expected in mid-2025
  •  

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce additional results from a 12,500-metre drilling program at the La Colorada Mine in Sonora, Mexico. La Colorada restarted production in early January 2025, and the current drill program is intended to expand the mineral reserves ahead of an updated technical report and expansion decision planned for mid-2025.

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Pinnacle Arranges Non-Brokered Private Placement

Pinnacle Arranges Non-Brokered Private Placement

 

(TheNewswire)

 
  
  Pinnacle Silver and Gold Corp. 
 
 

VANCOUVER, BRITISH COLUMBIA TheNewswire - July 14, 2025 (TSXV: PINN,OTC:NRGOF, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that it is arranging a non-brokered private placement to raise gross proceeds of up to $1,200,000 (the "Offering").  The placement will consist of up to 20,000,000 units (the "Units") with each Unit, priced at $0.06, comprising one common share ("Share") in the capital of the Company and one-half share purchase warrant ("Warrant").  Each whole Warrant shall be convertible into an additional Share at an exercise price of $0.10 for a period of 24 months from the date of issuance.  Finders' fees consisting of 7 per cent in cash commission and 7 per cent in non-transferable finders' warrants may be paid in connection with the offering.  Each finder's warrant entitles the holder to acquire one common share at $0.10 cents per share over a 24-month period.  The Company expects the offering to close on or about July 31, 2025.

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Apollo Silver Enters into Investor Relations Agreement

Apollo Silver Enters into Investor Relations Agreement

 

Apollo Silver Corp. (" Apollo " or the " Company ") (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with Matthews Investments, to provide investor relations services to the Company, as defined in accordance with the policies of the TSX Venture exchange ("TSXV") and applicable securities laws. Matthews Investments will receive consideration of C$7000month, payable monthly in arrears, for an initial term of three months, with the option for the Company to renew on a quarterly basis thereafter.

 

Matthews Investments, a company based in Vancouver, British Columbia, provides IR consulting services for public companies. Founding CEO, Richard Matthews, is an IR expert with more than 15 years of experience and with deep expertise in the mining industry. He has held senior management and board roles at Canadian publicly listed companies and has run highly successful, international IR programs. Neither Matthews Investments nor any of its principals hold, directly or indirectly, any securities of Apollo, however, they have advised that they may participate in a future financing or acquire shares in the open market.

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Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

 

(TheNewswire)

 
   
  Silver Crown Royalties 
    
 

TORONTO, ON TheNewswire - July 14 2025 –Silver Crown Royalties Inc. ("Silver Crown", "SCRi", the "Corporation", or the "Company") (Cboe:SCRI,OTC:SLCRF; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the final tranche ("Final Tranche") of its non-brokered offering of units ("Units") that was previously announced on May 20, 2025 (the "Offering") and issued 132,693 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$862,505.50.

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Exploration Target Defined for Antimony Canyon Project, Utah

Exploration Target Defined for Antimony Canyon Project, Utah

Trigg Minerals (TMG:AU) has announced EXPLORATION TARGET DEFINED FOR ANTIMONY CANYON PROJECT, UTAH

Download the PDF here.

JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

 

(TheNewswire)

 
     
  JZR Gold Inc. 
          
 

July 11, 2025 TheNewswire - Vancouver, British Columbia, Canada JZR Gold Inc. (TSXV:  JZR) (the " Company " or " JZR ") is pleased to announce that it intends to undertake a non-brokered private placement offering (the " Offering ") of up to 5,000,000 units (each, a " Unit ") at a price of $0.30 per Unit, to raise aggregate gross proceeds of up to $1,500,000.  Each Unit will be comprised of one common share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant will entitle the holder to acquire one additional common share (each, a " Warrant Share ") of the Company at an exercise price of $0.40 per Warrant Share for a period of two (2) years after the closing of the Offering. The Warrants will be subject to an acceleration clause whereby, in the event that the volume weighted average trading price of the Company's common shares traded on TSX Venture Exchange, or any other stock exchange on which the Company's common shares are then listed, is equal to or greater than $0.75 for a period of 10 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants that the Warrants will expire on the date that is not less than 30 days from the date that notice is provided by the Company to the Warrant holders. The Units, Shares, Warrants and any Shares issued upon the exercise of the Warrants will be subject to a hold period of four months and one day from the date of issuance.

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Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia

 

(TheNewswire)

 
  
  Blue Lagoon Resources Inc. 
 
 

July 11, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade - and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.

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