Heliostar Metals - Debt Facility Announced To Fund The Start Of Test Mining At Ana Paula
On May 7th, Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF) announced a US$20million Gold Linked Debt Facility to advance the Ana Paula Deposit, in Mexico, into test mining and processing of a bulk sample.
Charles Funk, President and CEO of Heliostar Metals joins me to discuss the timeline and key steps to progress into test mining. We also outline the terms of the financing facility and if the Company will be able to self-fund production growth after the note is repaid. Future exploration activities and when this will start are also discussed.
Please email me with any follow up questions you have for Charles. My email address is Fleck@kereport.com.
Click here to visit the Heliostar Metals website and read over the full news release - https://www.heliostarmetals.com/news
Timestamps
0:00 - Text Mining financing overview
1:33- Test mining timeline and steps to producing gold
2:47 - Repayment structure of the US$20mil note
4:44 - Will production continue after the 20k oz produced during test mining
6:33 - Self funding potential
7:58 - Permitting path to move to an underground
8:49 - Exploration, when does this come in
10:00 - Newsflow outlook
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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.
