M&A / Property
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.
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Jun 25, 2026 · 06:31