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Heliostar Metals ( (TSE:HSTR) ) has issued an update.
Heliostar Metals has agreed to acquire a 100% interest in the Goldstrike project in southwestern Utah from Liberty Gold, adding an indicated mineral resource of 975,000 ounces of gold at 0.46 g/t and an inferred 90,000 ounces at 0.31 g/t. The historic open-pit, heap-leach operation, which previously produced gold and silver, benefits from road access, nearby power and population centers, and significant existing technical work that could support a faster development timeline.
The transaction involves an initial consideration of US$10 million in cash plus US$2.5 million in Heliostar shares on closing, along with up to US$60 million in milestone cash payments over five years, underscoring the strategic value of the asset. Goldstrike’s Carlin-style system, shallow drilling, and outcropping high-grade antimony with a history of antimony production provide both resource expansion potential and critical mineral upside, positioning Heliostar for diversification and potential re-rating within the North American gold and critical metals space.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Spark’s Take on HSTR Stock
According to Spark, TipRanks’ AI Analyst, HSTR is a Outperform.
The score is driven primarily by the improved financial profile (profitability step-change and low leverage), supported by constructive technical momentum. Positive project and operational catalysts add support, while below-ideal cash conversion and the sustainability of the recent earnings jump keep the score from rating higher.
To see Spark’s full report on HSTR stock, click here.
More about Heliostar Metals
Heliostar Metals is a Vancouver-based mineral exploration and development company focused on gold and critical metals projects in North America. The company is expanding its portfolio beyond its existing assets by acquiring advanced-stage properties in premier mining jurisdictions such as the United States, targeting deposits with established resources and existing infrastructure.
Average Trading Volume: 665,511
Technical Sentiment Signal: Buy
Current Market Cap: C$502.9M
See more data about HSTR stock on TipRanks’ Stock Analysis page.