Heliostar Announces VP Sustainability and Special Projects and Early Exercise of Warrants
TSX.V: HSTR
OTCQX: HSTXF
Heliostar Announces VP Sustainability and Special Projects
and Early Exercise of Warrants
Vancouver, Canada, October 17th, 2024 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1)
(“Heliostar” or the “Company”) is pleased to announce that it has appointed Mr. Hernan Dorado as Vice
President Sustainability and Special Projects.
Hernan has over 20 years of experience in the mining industry in Mexico and overseas. Most recently he
was a founding member of Guanajuato Silver, holding roles including Chief Operating Officer and Chief
Sustainability Officer. During his tenure , the company grew to 4Moz of annual silver equivalent
production from four operating mines by undertaking multiple successful permitting processes and mine
re-starts.
Mr. Dorado is the fifth mining generation of his family, holding a Mining Engineering degree from the
University of Guanajuato, an Executive MBA from the Business School of the University of Salamanca,
Spain and is a Qualified Person for mining with the Mining and Metallurgical Society of America (MMSA).
Heliostar CEO, Charles Funk, commented, “We are pleased to add Hernan to the team. Hernan is a
dynamic, young leader in the mining industry in Mexico with a proven track record of creating shareholder
value. Hernan bolsters our in -country leadership and will oversee our permitting, community and
environmental management, reporting to the Chief Operating Officer. He will further take the lead on
advising the Company’s strategy for the Cerro del Gallo project in Guanajuato state. Heliostar’s production
profile is growing quickly, and I believe with our recent additions to Management, we have the team in
place to deliver in 2024 and 2025.”
Warrant Exercise
Heliostar also updates that 3,984,324 warrants of the company have been exercised since September 16th,
2024. Conversion of these warrants has contributed an additional $1,195,297 to the treasury.
About Heliostar Metals Ltd.
Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on developing the
100% owned Ana Paula Project in Guerrero, Mexico and has recently entered into an agreement to
acquire a portfolio of production and development assets in Mexico.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
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595 Burrard Street, Suite 1723, Vancouver BC, V6X 1J1, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
Email: [email protected]
Phone: +1 844-753-0045
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: build towards our initial target of 150,000 ounces of profitable
annual gold production.
Forward–looking statements and forward–looking information relating to the terms and completion of the
Facility, any future mineral production, liquidity, and future exploration plans are based on management's
reasonable assumptions, estimates, expectations, analyses and opinions, which are based on
management's experience and perception of trends, current conditions and expected developments, and
other factors that management believes are relevant and reasonable in the circumstances, but which may
prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of
necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military
conflicts; costs of exploration and development; the estimated costs of development of exploration
projects; and the Company's ability to ope rate in a safe and effective manner and its ability to obtain
financing on reasonable terms.
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
that 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 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 pr operties, 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 ec onomic 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
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595 Burrard Street, Suite 1723, Vancouver BC, V6X 1J1, Canada -- Tel +1 236 429 9306
TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
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 pub lic 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 chang es in assumptions or changes in circumstances or any other events
affecting such statements or information, other than as required by applicable law.