The TSX Venture Exchange has accepted for filing a share purchase agreement dated July 16, 2024, between Heliostar Metals Ltd. and an arm's-length party. Pursuant to the terms of the agreement, the company will acquire subsidiaries of the vendor, which collectively own 100 per cent of the following properties: the La Colorada mine, the San Agustin mine, the Cerro del Gallo project and the San Antonio project. By way of consideration, the company will pay $5-million (U.S.) in cash.

Pursuant to the agreement, the company and the vendor also entered into an agreement, eliminating the outstanding contingent payments payable by the company to the vendor pursuant to the agreement under which the company previously acquired the Ana Paula project, as well as the conditional option payments on the San Antonio project.

For further details, please refer to the company's news release dated July 17, 2024.