Helius Minerals says Phoenix Gems claims over Serra Pelada project lack merit

Howard Hughes Holdings Inc.
Solana Company Class A
COLOSSUS MINERALS INC

Howard Hughes Holdings Inc.

HHH

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Solana Company Class A

HSDT

0.00

COLOSSUS MINERALS INC

COLUF

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  • Helius Minerals pushed back on Phoenix Gems statements tied to a civil dispute involving Phoenix Gems do Brasil.
  • Legal review of the cited judgment found it only reinstates Brent Evan Smith as a shareholder of Phoenix Gems do Brasil.
  • The judgment does not grant Phoenix Gems or related parties rights to the Serra Pelada mining project held by Serra Pelada Companhia de Desenvolvimento Mineral.
  • Helius called any claim over Serra Pelada “without merit,” outlined steps to protect its interests, and reiterated its plan to complete the project acquisition.


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