Heliostar Raises New Funding For Precious Metals In Mexico

A publicly traded mining company in Canada has raised a fresh round of funding. And they’re going to use it to scale up their Mexican precious metals projects.

‍What’s happening:‍

• Heliostar Metals (TSXV: HSTR) has successfully raised $19.5M CAD in a new equity financing round
  

Why it matters:‍

• Heliostar Metals owns multiple prominent precious metals projects located in Mexico, including two producing gold mines
  

Going deeper:‍

• Legendary mining entrepreneur and financier Eric Sprott invested $5M CAD into Heliostar Metals’ latest financing round
  
• Heliostar Metals has publicly stated that the new injection of cash will go towards expanding their drilling program at their flagship property Ana Paula as well as developing other projects that are close to being officially permitted within Mexico
  

The intrigue:‍

• Vizsla Silver (NYSE: VZLA) also previously made waves in Mexican mining when they purchased the historic La-Garra Metates district in Durango, Mexico

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