Heliostar Metals - Upsized $17Mil Financing, Production Growth Strategy and Exploration Plans

24 Mar 2025 • 10 min • EN
10 min
00:00
10:28
No file found

  Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins me for a focused discussion on the company’s recently upsized all-share financing and what it means for operations, exploration, and overall growth trajectory.   Key Theme: Heliostar raises $17M in strategic financing to accelerate production growth and unlock value at flagship assets.   Key Discussion Points: $17 Million Upsized Financing Originally announced at $12M, the all-share financing was quickly upsized to $17M due to strong demand. Charles breaks down the rationale behind raising capital despite recent positive cash flow and early debt repayment. Use of Proceeds: Production, Exploration & Balance Sheet Strength With ~US$10M in the bank pre-financing, the company is now positioned to: Ramp up drilling at Ana Paula with a two-rig program starting in April. Accelerate expansion at San Antonio once permits are received (expected mid-year). Strengthen the balance sheet, which has been a key priority to de-risk the business.   News Flow Outlook Expect increased activity in Q2 and beyond, including: Drill results from Ana Paula and underground targets at La Colorado. Updated feasibility study for La Colorada expansion. Quarterly production update from current operating assets. Progress on evaluating sulfide potential at San Agustin. “This financing allows us to go faster, de-risk Ana Paula, and bring forward value creation—without compromising operational cash flow or balance sheet health.” — Charles Funk   For the full operational and financial update, including Q4 results and 2025 guidance, check out our previous interview with Charles - Click Here.   Please email me at Fleck@kereport.com with any follow up questions for Charles.    Click here to visit the Heliostar Metals website to learn more about the Company.

From "The KE Report"

Listen on your iPhone

Download our iOS app and listen to interviews anywhere. Enjoy all of the listener functions in one slick package. Why not give it a try?

App Store Logo
application screenshot

Popular categories