Northwire Canada EditionSaturday, July 11, 2026
Northwire
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +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 →

More from Heliostar Metals Ltd.