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.