ALN Mining Law Firm advised Heliostar Metals Ltd. in connection with the completion of an option agreement with Zacatecas Silver Corp., under which Zacatecas Silver has the right to acquire a 100% interest in certain early-stage exploration projects located in Mexico. The transaction involves the Cumaro, La Lola, Oso Negro, and Ejutla projects, which form part of Heliostar’s non-core exploration asset portfolio.
Under the terms of the agreement, Heliostar will receive staged consideration over the next three years totaling US$450,000 in cash and US$750,000 in Zacatecas Silver shares. Upon closing, Heliostar received an initial cash payment and a share issuance from Zacatecas Silver, while retaining exposure to the future value potential of the projects.
The transaction was structured to allow Heliostar to retain a 2% net smelter return royalty (NSR) over the properties, ensuring continued participation in the potential upside generated by future exploration and development activities. The agreement also provides Zacatecas Silver with the right to repurchase 1% of the NSR under specified conditions.
ALN served as Mexican legal counsel on the transaction, reinforcing the firm’s track record in mining-sector M&A and its capability to support domestic and international clients across the full cycle of complex strategic transactions—from structuring through negotiation and execution.
