Heliostar Metals ( (TSE:HSTR) ) just unveiled an update.
Heliostar Metals Ltd. has announced an increase to its previously announced bought deal equity financing, raising the total to C$17 million. The financing will support the development of the company’s projects in Mexico, including drilling at the Ana Paula site, and is expected to close by March 28, 2025, pending necessary approvals. This move is likely to enhance Heliostar’s operational capabilities and strengthen its position in the gold production industry.
More about Heliostar Metals
Heliostar Metals Ltd. is focused on becoming a mid-tier gold producer by increasing production and developing new resources at its La Colorada and San Agustin mines in Mexico, as well as developing the Ana Paula Project in Guerrero, Mexico.
YTD Price Performance: 83.61%
Average Trading Volume: 310,983
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$255.4M
For a thorough assessment of HSTR stock, go to TipRanks’ Stock Analysis page.