Heliostar Welcomes James Perry as New Chairman

Rhea-AI Summary

Heliostar Metals (OTCQX: HSTXF) announced that James Perry succeeded Jacques Vaillancourt as Chairman following the Annual General & Special Meeting on November 26, 2025. Perry brings over 17 years of global mining experience and currently serves as President of Sweetwater Royalties, which holds more than 4.5 million mineral acres. Management reiterated the company goal of becoming a 500,000 ounce per year gold producer by the end of the decade.

Under the Omnibus Equity Incentive Plan, Heliostar granted 250,000 stock options at an exercise price of $2.63 (5-year term, vesting over three years) and 200,000 restricted share units (vesting in three equal annual instalments).

Positive

• James Perry appointed Chairman effective Nov 26, 2025
• 500,000 oz/year production target by decade-end
• 17 years of global mining and corporate experience
• Sweetwater role links to >4.5 million mineral acres
• 250,000 options granted at $2.63, 5-year term
• 200,000 RSUs granted, vesting over three years

Negative

• Share-based awards total 450,000, creating potential dilution

News Market Reaction

-3.32%

1 alert

-3.32% News Effect

On the day this news was published, HSTXF declined 3.32%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Chairman experience: 17 years Growth target: 500,000 ounces per year Sweetwater acquisition value: US$1.3 billion +5 more

8 metrics

Chairman experience 17 years Global mining and resources experience of new Chairman James Perry

Growth target 500,000 ounces per year Stated gold production goal by end of this decade

Sweetwater acquisition value US$1.3 billion 2020 acquisition of Sweetwater’s land and minerals by Orion from Occidental

Newcrest acquisition value US$19 billion 2023 acquisition of Newcrest Mining by Newmont Mining

Stock options granted 250,000 options Omnibus Equity Incentive Compensation Plan grant to directors, officers, consultants

Option exercise price $2.63 Exercise price of granted options, 5-year term, 3-year vesting

RSUs granted 200,000 RSUs Restricted share units vesting in three equal annual instalments

Mineral land position 4.5 million mineral acres Sweetwater Royalties’ mineral position across several U.S. states

Market Reality Check

Price: $1.93 Vol: Volume 333,834 is 1.2x th...

normal vol

$1.93 Last Close

Volume Volume 333,834 is 1.2x the 20-day average of 278,748, indicating moderately elevated trading interest before this news. normal

Technical Shares trade above the 200-day MA of 1.04 and sit about 3.18% below the 1.95 52-week high, far above the 0.36 52-week low.

Peers on Argus

Gold peers showed mixed moves: OROGEN ROYALTIES (OGNRF) up 1.63%, WEST RED LAKE ...

Gold peers showed mixed moves: OROGEN ROYALTIES (OGNRF) up 1.63%, WEST RED LAKE GOLD (WRLGF) up 5.57%, FOUNDERS METALS (FDMIF) up 2.42%, while AMEX EXPLORATION (AMXEF) fell 4.03% and GOLD RESERVE (GDRZF) rose 12.98%. With no momentum-triggered peers and varied moves, trading in HSTXF appears more company-specific than sector-driven.

Common Catalyst Peer headlines reflect company-specific events such as asset sale processes and land position expansions, rather than a unified sector catalyst.

Historical Context

5 past events · Latest: Dec 01 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Marketing agreement	Neutral	-3.3%	Disclosed new and prior three‑month investor marketing agreements totaling US$60,000.
Dec 01	Leadership change	Neutral	-3.3%	Appointed James Perry as Chairman and granted stock options and RSUs.
Nov 28	Technical report filing	Positive	+5.6%	Filed NI 43‑101 Updated Technical Report for the La Colorada mine.
Nov 24	Drill results update	Positive	+12.3%	Reported high‑grade Ana Paula drill intercepts and expanded program to 20,000 m.
Nov 20	Earnings update	Positive	-2.7%	Released Q3 2025 production, revenue, cash metrics and Ana Paula PEA economics.

Pattern Detected

Recent news reactions are mixed: strong operational updates (technical report, drilling) saw notable gains, while earnings and corporate/IR items coincided with modest declines.

Recent Company History

Over late November–December 2025, Heliostar issued several material updates. An Updated Technical Report for the La Colorada mine on November 28, 2025 preceded a 5.56% gain, and strong Ana Paula drilling results on November 24 coincided with a 12.26% move. Q3 2025 financials on November 20 saw a -2.67% reaction. On December 1, the company disclosed a new Chairman and incentive grants alongside a marketing agreement, both linked to a -3.32% move, suggesting governance and IR news have drawn more muted or negative responses than technical updates.

Market Pulse Summary

This announcement highlights a governance transition, with James Perry becoming Chairman and bringin...

Analysis

This announcement highlights a governance transition, with James Perry becoming Chairman and bringing 17 years of mining experience plus exposure to large transactions such as a US$19 billion acquisition. Management reiterated a long‑term goal of 500,000 ounces per year of production and implemented equity incentives, including 250,000 options and 200,000 RSUs. Investors may watch for how board leadership and incentive alignment translate into future technical, operational, and financial updates.

Key Terms

stock options, restricted share units, exercise price, royalties, +1 more

5 terms

stock options financial

"it has granted 250,000 stock options ("Options") at an exercise price of $2.63"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

restricted share units financial

"and 200,000 restricted share units (each, an "RSU") to directors, officers"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

exercise price financial

"it has granted 250,000 stock options ("Options") at an exercise price of $2.63"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

royalties financial

"President of Sweetwater Royalties, one of the largest landowners in the United States"

Payments made to the owner of an asset or intellectual property each time that asset is used or a product is sold, often calculated as a percentage of sales or a set amount per unit. Royalties matter to investors because they create predictable, ongoing income streams and affect a company’s cash flow and valuation—like a landlord collecting rent or an author getting a steady cut whenever a book is sold.

ESG technical

"spanning business development, corporate strategy and governance, legal and permitting, ESG, and operations"

ESG stands for Environmental, Social, and Governance, which are key factors investors consider when evaluating how sustainable and responsible a company is. It involves assessing how a company manages its impact on the environment, treats its employees and communities, and operates transparently and ethically. Investors use ESG criteria to identify businesses that align with their values and have the potential for long-term success.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that Mr James Perry has succeeded the retiring Mr. Jacques Vaillancourt as Chairman at the Company's Annual General & Special Meeting ("AGM") held on November 26^th, 2025.

Heliostar's new Chairman Mr. James Perry commented, "I am excited to join Heliostar at this important inflection point. The Company has built a strong foundation through disciplined operations and strategic acquisitions, and I look forward to working closely with the experienced Board and management team as we advance the next phase of growth. Heliostar has the ingredients to become a leading gold producer in the Americas. I will draw on my experience to help steer the Company's disciplined growth, reinforce strong governance practices, and create lasting value for our shareholders and host communities."

Charles Funk, President and & CEO, stated - "I once again thank our retiring chair for his long service to Heliostar. I strongly welcome James as our new Chairman at a time of considerable growth. Having worked with James previously at Newcrest Mining, I know his ambition for our Company, his growth mindset and the high regard in which he is held across the industry. We are delighted to attract someone of his caliber as we continue advancing toward our goal of becoming a 500,000 ounce per year producer by the end of this decade."

Mr. Perry is currently President of Sweetwater Royalties, one of the largest landowners in the United States, majority-owned by Orion Resource Partners following its acquisition of Sweetwater's extensive land and mineral portfolio from Occidental Petroleum in 2020 for approximately US$1.3 billion. Sweetwater's vast mineral position extends across more than 4.5 million mineral acres in Wyoming, Utah, Colorado, and Michigan, providing an expansive royalty platform spanning industrial minerals, base metals, and renewable-energy opportunities.

Mr. Perry has over 17 years of global mining and resources experience across Asia, Africa, and the Americas, spanning business development, corporate strategy and governance, legal and permitting, ESG, and operations. He spent a decade at Newcrest Mining - one of the world's largest gold mining companies headquartered in Australia - serving as Business Development Manager and Corporate Counsel. Newcrest was acquired for approximately US$19 billion by Newmont Mining in 2023. Mr. Perry has extensive international experience managing large and complex transactions, including leading Newcrest's entry into Ecuador and its investment in Lundin Gold's world-class Fruta del Norte gold district. He possesses broad expertise in project evaluation and negotiation across diverse sectors and jurisdictions. He is a lawyer and holds an M.Sc. in History and International Relations from the London School of Economics.

Incentive plan issuance

Heliostar further announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 250,000 stock options ("Options") at an exercise price of $2.63 and 200,000 restricted share units (each, an "RSU") to directors, officers and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next three years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

About Heliostar Metals Ltd.

Heliostar is a gold mining company with production from operating mines in Mexico. This includes the La Colorada Mine in Sonora and the San Agustin Mine in Durango. The Company also has a strong portfolio of development and exploration stage projects in Mexico and the USA. These include the Ana Paula project in Guerrero, the Cerro del Gallo project in Guanajuato, the San Antonio project in Baja Sur, all in Mexico and the Unga project in Alaska, USA.

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 annual production goals.

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/276385

FAQ

When did Heliostar (HSTXF) appoint James Perry as Chairman?

James Perry succeeded the retiring chair at the AGM on November 26, 2025.

What is James Perry’s background relevant to Heliostar (HSTXF)?

Perry has over 17 years in mining, led business development at Newcrest, and is President of Sweetwater Royalties.

What equity incentives did Heliostar (HSTXF) grant on December 1, 2025?

The company granted 250,000 stock options at $2.63 (5-year term) and 200,000 RSUs vesting over three years.

How long do Heliostar’s (HSTXF) newly granted options remain exercisable?

The 250,000 options are exercisable for a period of five years.

What is Heliostar’s production goal mentioned with the new chairman (HSTXF)?

Management reiterated a goal to become a 500,000 ounce per year gold producer by the end of this decade.