02:21 PM EST, 02/05/2026 (MT Newswires) -- Helius Minerals ( HHHXF ) on Thursday said it closed a "best efforts" private placement of share units and subscription receipts that raised $39.9 million.

The company said the offering consisted of a combination of 832,150 units and 12.5-million subscription receipts, with both types priced at $3.00 each. Wach unit is made up of a share and one half of a three-year warrant to buy a share for $4.50.. The offering was conducted in conjunction with its planned acquisition of the Serra Pelada Gold - PGM project in Para State, Brazil..

Proceeds of the units will be used for professional expenses and overhead, and general working capital needs in advance of the deal closing.

The company intends to use proceeds of the subscription receipts to satisfy the transaction closing conditions and complete the acquisition, as well as for the exploration and development of the project, working capital and general corporate needs.

Shares of the company were last seen down $0.06 to $3.04 on the TSX Venture Exchange.

Price: 3.05, Change: -0.05, Percent Change: -1.61