Helius Minerals raises US$27.4M to fund Serra Pelada gold acquisition
What's the deal? Helius MineralsDealroom has a profile for this one. Try Dealroom → has closed a brokered private placement of 12,481,850 shares at US$2.2 each, raising gross proceeds of US$27.5M. The offering included 6,240,908 warrants exercisable at US$3.3 over a three-year period, subject to an acceleration right.
Why now? The financing is the subscription-receipt component of a larger raise tied to Helius's acquisition of the Serra Pelada gold-PGM project in Brazil. Beacon SecuritiesDealroom has a profile for this one. Try Dealroom → acted as sole agent, earning 530,127 agents' warrants exercisable at US$2.2.
What's the endgame? Proceeds are earmarked to complete the Serra Pelada acquisition and fund initial exploration and development, alongside general corporate and working-capital uses. The subscription receipts convert into units once escrow and transaction-closing conditions are met.
How big is it? The raise ranks in the 95th percentile among 189 non-VC private placements in its industry and geography over the trailing 48 months. It marks a step-change from an earlier US$1.58M non-brokered round in April 2025 that mainly funded due diligence on Serra Pelada.
The signal: In a junior mining market where equity financing has been selective and often modest, securing nearly US$29.3M for a single project acquisition and work program is a sizable vote of confidence from accredited and cross-border investors.
Read more: stockwatch.com
Image credit: Helius Minerals
