Helius Minerals Limited has closed a C$40 million private placement in conjunction with its planned acquisition of the Serra Pelada Gold - PGM project in Pará State, Brazil. Under the terms of the agreement with Colossus Minerals Inc., Helius intends to acquire all quotas of Colossus’ Brazilian subsidiaries, which together hold a 75% interest in the Serra Pelada project. Completion of the acquisition remains subject to various approvals, including those from regulatory and stock exchange authorities. Proceeds from the private placement will be used to satisfy conditions required to complete the acquisition, as well as for exploration, development, and general corporate purposes related to the project.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Helius Minerals Limited published the original content used to generate this news brief via CNW (Ref. ID: C4932) on February 05, 2026, and is solely responsible for the information contained therein.