Heliostar Recognizes Positive Commentary On Permitting at La Colorada, Sonora
Rhea-AI Summary
Heliostar (OTCQX: HSTXF) confirmed that its La Colorada expansion permit application progressed through the 20-business-day SEMARNAT review without requests, activating the "positiva ficta" process.
The company completed required submissions and bonding payments in November 2025 and said it is awaiting formal permit documentation, which it expects in Q1 2026. Heliostar stated that restart of open-pit mining in the Veta Madre pit is planned to begin in Q1 2026, and it will provide a further update on the restart schedule in that quarter.
Positive
- Completed permit submissions and bonding payments in November 2025
- SEMARNAT review period passed with no requests, triggering positiva ficta
- Company expects restart of Veta Madre open-pit mining in Q1 2026
Negative
- Formal permit documentation has not yet been received
- Restart timing depends on receipt of permit expected in Q1 2026
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") acknowledges positive media reports quoting Mexican government officials that the Company's La Colorada expansion project is underway and restart of open-pit mining will begin in Q1, 2026 at La Colorada.
In Q2 2025, Heliostar applied for a permit to expand the Veta Madre open pit at the La Colorada mine in Sonora. The Company completed all necessary submissions and bonding payments in November 2025 and commenced a twenty-business day period of review by the Secretaria of Environment and Natural Resources "SEMARNAT". This permit application is subject to the "positiva ficta" legal process, a process where no further questions of the Company in the period results in an automatic positive outcome. The Company can confirm that twenty days have passed without any requests. The Company is awaiting formal receipt of documentation to confirm the permit which is expected in Q1, 2026.
Heliostar looks forward to providing an update on restart of mining in the Veta Madre pit at La Colorada in Q1, 2026.
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
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 exploration and development plans including the restart plan at La Colorada, the expansion of the Veta Madre open pit and the granting of the requisite permitting by SEMERNAT.
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/278083
FAQ
What did Heliostar (HSTXF) announce about the La Colorada permit on December 15, 2025?
Has Heliostar received the La Colorada expansion permit as of December 15, 2025?
When does Heliostar expect to restart open-pit mining at Veta Madre (HSTXF)?
What is the meaning of the positiva ficta process mentioned by Heliostar (HSTXF)?
What filings or payments did Heliostar complete for the La Colorada permit?
Will Heliostar provide more updates on the La Colorada restart timeline (HSTXF)?
