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.