Northwire Canada EditionThursday, August 27, 2026
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GOLD 4638.90 −0.3% SILVER 68.92 +0.1% COPPER 6.57 −2.0% OIL 82.44 +0.3% PALLADIUM 1310.00 −2.3% MJS 0.105 +0.0% BEM 0.100 +0.0% HMR 0.465 +0.0% BOL 0.070 +0.0% WGF 0.160 +0.0% JUGR 1.41 +0.0% ELEC 0.120 +0.0% SAGA 0.475 +0.0% CGNT 1.30 +0.0% ABRA 16.06 +0.0% KLD 2.43 +0.0% FMAN 0.380 +0.0% WM 0.105 +0.0% OBUL 0.485 +0.0% MD 0.380 +0.0% PGE 0.400 +0.0% GOLD 4638.90 −0.3% SILVER 68.92 +0.1% COPPER 6.57 −2.0% OIL 82.44 +0.3% PALLADIUM 1310.00 −2.3% MJS 0.105 +0.0% BEM 0.100 +0.0% HMR 0.465 +0.0% BOL 0.070 +0.0% WGF 0.160 +0.0% JUGR 1.41 +0.0% ELEC 0.120 +0.0% SAGA 0.475 +0.0% CGNT 1.30 +0.0% ABRA 16.06 +0.0% KLD 2.43 +0.0% FMAN 0.380 +0.0% WM 0.105 +0.0% OBUL 0.485 +0.0% MD 0.380 +0.0% PGE 0.400 +0.0%
M&A / Property Neutral

Heliostar Announces Closing of Option Agreement with Zacatecas Silver for Non-Core Properties

HSTR · Price

Executive Summary

  • Heliostar Metals has completed its previously announced option agreement with Zacatecas Silver Corp. for the acquisition of a 100% interest in four non-core exploration properties in Mexico.
  • The transaction involves staged payments totaling $450,000 in cash and $750,000 in Zacatecas Silver shares over three years, with initial closing payments of $129,000 cash and 4,217,845 Zacatecas shares already issued.
  • Heliostar retains a 2% net smelter return (NSR) royalty on the properties, with 1% available for repurchase for $2,000,000 prior to commercial production.

Key Details

  • Transaction: Completion of option agreement with Zacatecas Silver Corp. (TSXV: ZAC) for 100% interest in non-core exploration properties.
  • Properties Transferred: Cumaro, La Lola, Oso Negro, and Ejutla early-stage exploration projects located in Mexico.
  • Total Consideration: $450,000 in cash and $750,000 in Zacatecas Silver shares, payable in staged payments over three years.
  • Closing Payments: $129,000 in cash paid and 4,217,845 shares of Zacatecas Silver issued to Heliostar upon closing.
  • Royalty Retention: Heliostar retains a 2% net smelter return (NSR) royalty on the properties.
  • Royalty Repurchase Option: 1% of the NSR is available for repurchase at any time prior to commercial production for $2,000,000.
  • Original Announcement: The agreement was initially announced on March 2, 2026.
Read the original news release →

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