Welcome to our dedicated page for Heliostar Metals news (Ticker: HSTXF), a resource for investors and traders seeking the latest updates and insights on Heliostar Metals stock.
Heliostar Metals Ltd (HSTXF) is a gold-focused exploration company advancing high-grade projects in Mexico and Alaska through strategic development and acquisitions. This page provides official updates and analysis for investors tracking the company’s progress in the mining sector.
Access timely press releases detailing resource estimates, drilling programs, and operational milestones. The curated news collection covers essential developments including:
• Project expansions at key assets like Ana Paula
• Financial reporting including quarterly earnings
• Strategic partnerships and infrastructure advancements
• Technical reports on mineral reserves and feasibility studies
Bookmark this page for direct access to Heliostar’s verified announcements, enabling informed monitoring of their transition from exploration to production. Regular updates reflect the company’s focus on de-risking assets through methodical resource development and responsible capital allocation.
Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has arranged two debt facilities totaling up to US$10 million to support its acquisition of Mexican assets from former Argonaut Gold. The facilities include:
1. A US$5 million working capital facility with Ocean Partners, available immediately at 3-month SOFR + 4% interest, maturing on December 31, 2025.
2. A US$5 million transaction closing facility with Deans Knight at 15% interest, maturing on November 30, 2026.
These facilities will enable Heliostar to close the acquisition with less than 1% equity dilution. The company plans to repay principal and interest from operating cash flow. Following the acquisition, expected to close in November 2024, Heliostar aims to become a producing gold company with immediate cash flow and plans to grow production to 150,000 oz per year over the next 3 years.
Heliostar Metals (TSXV: HSTR, OTCQX: HSTXF, FSE: RGG1) announced a US$5M acquisition of gold-producing mines and development projects in Mexico from Florida Canyon Gold. This strategic move transitions Heliostar into a multi-asset producer, adding the San Agustin and La Colorada mines, and Cerro del Gallo and San Antonio projects to its portfolio.
The acquisition increases measured and indicated resources to 3.5 million ounces of gold, significantly enhancing Heliostar's asset base at a cost of less than US$1.80 per ounce. Immediate financial benefits include cash flow from ongoing operations and eliminating up to US$20M in contingent milestone payments on the Ana Paula project, and up to US$150M in conditional option payments on San Antonio. Heliostar aims to fund the transaction through a US$5-10M debt facility. The deal is expected to close in October 2024, subject to regulatory approvals.
Heliostar Metals has announced a US$20M debt facility to advance the Ana Paula Project through completion of the underground decline, test mining, and processing a bulk sample. This self-funded innovative approach aims to reduce equity dilution and is expected to be repaid within 30 months through the sale of gold. The facility also includes provisions for additional drilling to expand the resource, reducing future capital expenditure and drilling costs.
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