Heliostar Metals Ltd.

Dallas, Texas--(Newsfile Corp. - August 21, 2026) - Heliostar Metals Ltd (TSXV: HSTR): Stonegate Capital Partners updates their coverage on Heliostar Metals Ltd (TSXV: HSTR). HSTR's Q2 results improved the forward setup by strengthening the operating cash-flow bridge to Ana Paula and clarifying producing-asset earnings capacity. San Agustin reaching steady state and low-cost La Colorada production supported record production and a record cash balance, while the q/q net income decline reflected the annual option grant, higher taxes and FX rather than weaker mine performance. Near...

HIGHLIGHTS:Surface rockchip and channel samples from Antimony Ridge returned strong results over a 900 by 450 metre area;2.53% antimony and 0.61 g/t gold over 1.3m true width ("TW")1.02% antimony and 0.33 g/t gold over 3.2m TW1.37% antimony and 0.27 g/t gold over 1.2m TWDiscovery of Antimony Knoll, a second area 1,700 metres west of Antimony Ridge with high grades in initial samples, including 1.11% antimony over 0.6mAntimony zones located up to four kilometres east of the Goldstrike gold resource area, indicating a Carlin-style exploration footprintFirst-ever antimony-focused drilling program...

Q2 2026 Highlights:Produced a record 14,803 gold ounces and 79,710 silver ounces Increased quarterly gold production from San Agustin by 49%Continued low-cost production with cash cost of $1,654 per ounce of gold sold and a corporate all-in sustaining costs ("AISC") of $2,287 per ounce of gold soldAverage gold sale price of $4,406 per ounce Record cash position of $43.0 million at end of Q2 with no debtRecord revenues of $56.5 million driving record mine operating earnings of $31.1 million; net income of $8.0 million ($0.03/share)Completed acquisition of Goldstrike during Q2 and made a $10.0 m...