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The latest update is out from Heliostar Metals ( (TSE:HSTR) ).
Heliostar Metals Ltd. successfully closed a bought deal equity financing, raising $19.5 million, which includes a significant investment from Eric Sprott. The funds will be used for the development of their projects in Mexico, particularly drilling at Ana Paula, and for general corporate purposes. This financing move is expected to bolster the company’s operational capabilities and enhance its market position in the gold production industry.
More about Heliostar Metals
Heliostar Metals Ltd. is focused on becoming a mid-tier gold producer, with efforts concentrated on increasing production and developing new resources at the La Colorada and San Agustin mines in Mexico, as well as the 100% owned Ana Paula Project in Guerrero, Mexico.
YTD Price Performance: 67.21%
Average Trading Volume: 444,852
Technical Sentiment Signal: Sell
Current Market Cap: C$228.5M
Find detailed analytics on HSTR stock on TipRanks’ Stock Analysis page.