Helius Minerals Announces Closing of C$40 Million Private Placement

The most recent news (February 5, 2026) confirms the closing of a C$40 million private placement, significantly upsized from the C$25 million originally announced on January 6, 2026. The financing was conducted at C$3.00 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. The warrants are exercisable at C$4.50 for 36 months, with an acceleration clause if the stock hits C$6.75 for 20 days.

Crucially, the bulk of the funds (C$37.4 million) were raised via "Subscription Receipts," which will only convert to units once the acquisition of the Serra Pelada Gold-PGM project from Colossus Minerals is finalized. The proceeds are earmarked for closing costs, debt settlement, and the exploration/rehabilitation of the Brazilian project.

This news is Material - Positive for several reasons: - Validation and Scale: The jump from a C$2.15 million seed financing in April 2025 to a C$40 million brokered raise in 2026 represents a massive shift in market confidence. Raising C$40 million at C$3.00—a 500% premium to the previous year’s financing price—indicates strong institutional backing. - De-risking the Close: The acquisition of Serra Pelada is complex, involving the assumption of US$4 million in debt and legal entanglements. This capital provides the necessary liquidity to satisfy creditors and regulatory bodies in Brazil. - Project Capability: Serra Pelada failed in 2014 primarily due to water ingress and liquidity issues. The scale of this financing suggests the company is finally capitalized well enough to attempt a professional engineering solution to the dewatering problems that sank Colossus Minerals. - Escrow Protection: The use of Subscription Receipts protects new investors by ensuring their capital is returned if the Colossus transaction fails to close, though it keeps the company in a "pending" state.

Helius Minerals (formerly a shell or Nevada explorer) is pivoting entirely to the Serra Pelada Gold-PGM Project in Pará State, Brazil. - Flagship Project: Serra Pelada was once South America's largest artisanal gold mine. - Ownership: Helius is acquiring 100% of Colossus’s Brazilian subsidiaries, which hold a 75% interest in SPCDM (the entity owning the project). The remaining 25% is held by the COOMIGASP cooperative. - Status: The project has been on care and maintenance since 2014. It is known for ultra-high grades of gold, platinum, and palladium, but is technically difficult due to its location in a soft, water-saturated environment.