Helius Minerals Ltd. (TSXV: HHH) exercised its option to acquire all outstanding quotas in the Colossus Minerals Brazilian subsidiaries that control a 75% interest in Serra Pelada Companhia de Desenvolvimento Mineral, the entity holding mining rights to the Serra Pelada Gold-PGM project in Pará State, Brazil.
Closing is targeted no later than July 31, 2026. The exercise triggered the release of escrowed proceeds from the company’s earlier C$40 million brokered private placement.