Heliostar Announces Graduation to Tier 1 Status on the TSX Venture Exchange
Heliostar Announces Graduation to Tier 1 Status on the TSX
Venture Exchange
Vancouver, Canada, September 10, 2025 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1)
(“Heliostar” or the “Company”) is pleased to announce that it has been approved for graduation from Tier 2
to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV") effective September 12, 2025.
The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage
of development, and available resources. Tier 1 is the TSXV's highest designation and is reserved for more
advanced companies with significant financial resources. This upgrade signifies Heliostar's continued growth
and its commitment to providing long-term value for its shareholders.
About Heliostar Metals Ltd.
Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production
and developing new resources at the 100% owned La Colorada and San Agustin mines, and on developing the
Ana Paula, Cerro del Gallo and San Antonio deposits in Mexico.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: [email protected]
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [email protected]
Phone: +1 844-753-0045
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "Forward– Looking Statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian
securities laws. When used in this news rel ease, the words "anticipate", "believe", "estimate", "expect",
"target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify
forward–looking statements or information. These forward –looking statements or information relate to,
among other things, trading as a Tier 1 issuer on the TSX Venture Exchange.
These statements reflect the Company's respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered reasonable by
management, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance, or achievements to be materially different from the results, performance or achievements t hat
are or may be expressed or implied by such forward –looking statements or forward-looking information and
the Company has made assumptions and estimates based on or related to many of these factors. Such factors
include, without limitation: precious metals price volatility; risks associated with the conduct of the Company's
mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on
the Company's management team and outside contractors; risks regarding exploration and mining activities;
the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all;
currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating
TSX.V: HSTR
OTCQX: HSTXF
2
595 Burrard Street, Suite 1723, Vancouver BC, V7X 1J1, Canada -- Tel +1 844 753 0045
TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the
inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects;
contests over title to properties, particularly title to undeveloped properties; laws and regulations governing
the environment, health and safety; the ability of the communities in which the Company operates to manage
and cope with the implications of public health crises; the economic and financial implications of public health
crises, ongoing military conflicts and general economic factors to the Company; operating or technical
difficulties in connection with mining or development activities; employee relations, labour unrest or
unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully
integrate acquired assets; the speculative nature of exploration and development, including the risks of
diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors
and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under
the caption “Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against
attributing undue certainty to forward– looking statements or forward -looking information. Although the
Company has attempted to identify important factors that could cause actual results to differ materially, there
may be other factors that cause results not to be anticipated, estimated or intended. The Company does not
intend, and does not assume any obligation, to update these forward– looking statements or forward-looking
information to reflect changes in assumptions or changes in circumstances or any other events affecting such
statements or information, other than as required by applicable law.
This news release includes certain non- International Financial Reporting Standards (IFRS) measures. The
Company has included these measures, in addition to conventional measures conforming with IFRS, to provide
investors with an improved ability to evaluate the project and provide comparability between projects. The non-
IFRS measures, which are generally considered standard measures within the mining industry albeit with non-
standard definitions, are intended to provide additional information and should not be considered in isolation
or as a substitute for measures of performance prepared in accordance with IFRS. Cash costs (Cash Costs) are a
common financial performance measure in the gold mining industry but with no standard meaning under IFRS.
The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain
investors use this information to evaluate each project’s economic results in the technical reports and each
project’s potential to generate operating earnings and cash flow. All-in Sustaining Costs (AISC) more fully
defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines
published by the World Gold Council (WGC) , which were first issued in 2013. In light of new accounting
standards and to support further consistency of application, the WGC published an updated Guidance Note in
2018. Other companies may calculate this measure differently because of differences in underlying principles
and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital.
Note that in respect of AISC metrics within the technical reports because such economics are disclosed at the
project level, corporate general and administrative expenses were not included in the AISC calculations.