Latest news with #Helius
Crypto Insight
12 hours ago
- Business
- Crypto Insight
Solana hits 100K TPS milestone with stress test transaction spike
Solana throughput briefly spiked to six figures under a high load of program call transactions over the weekend, according to a developer. Mert Mumtaz, the co-founder of the Solana developer tooling firm Helius, said on Sunday that Solana became the 'first major blockchain' to record 100,000 transactions per second (TPS) on its mainnet. He shared that a Solana block late on Sunday saw 43,016 successful transactions and 50 failed ones, claiming the total TPS reached 107,540. However, most transactions were not token exchanges or trades but no-operation or 'noop' program calls, an instruction that doesn't perform meaningful computation or state changes. Solana transactions must include at least one instruction, so for transactions that don't need to perform any meaningful operations, the noop program provides a way to satisfy this requirement. These lightweight program calls stress-test network capacity but don't directly reflect everyday payment or complex application use. Mumtaz said that even though most of the transactions were program calls, developers could still 'deduce that you can also theoretically do about 80-100k tps in transfers, oracle updates, and similar [operations].' Solana's real TPS much lower Solana's actual throughput is much lower than these anomalous spikes caused by no-action program calls. Total TPS is currently around 3,700 according to Solscan, but even that figure is spurious because around two-thirds of the transactions are voting transactions. Solana validators must regularly submit vote transactions to participate in consensus, and hundreds of them voting multiple times per slot inflates the network's true TPS figures. Real throughput on Solana is around 1,050 transactions per second, according to Solscan and around 1,004 TPS, according to Chainspect. Memecoins still dominate Solana derives the majority of its activity from memecoins. The most popular platform on the network, with a 62% share of the total value locked, is the memecoin minting and trading platform according to Solscan. The value of Solana's decentralized finance apps has climbed over the past few months, reaching $10.7 billion, close it its January all-time high, according to DefiLlama. Solana, the blockchain's token, dipped over the weekend as crypto markets cooled, falling back to $187 from last week's high of $208. The token remains down 36% from its January all-time high of $293, according to CoinGecko. Source:
Cision Canada
11-08-2025
- Business
- Cision Canada
Helius Minerals Provides Update on Progress with the Serra Pelada Gold-PGM Project, Brazil
VANCOUVER, BC, Aug. 11, 2025 /CNW/ - Helius Minerals Limited (" Helius" or the " Company") (TSXV: HHH) is pleased to announce that after signing the definitive Exclusivity, Share Option and Acquisition Agreement dated as of March 3, 2025 (the " Definitive Agreement") with Colossus Minerals Inc. (" Colossus") regarding the Serra Pelada gold-PGM project in Brazil (the " Serra Pelada Project"), it has significantly advanced negotiations and mutual understanding with Brazilian governmental agencies and legal proceedings to finalize this accord. Since the signing of the Definitive Agreement, Helius has held a series of successful meetings with both the Brazilian Ministry of Mines (MME) and the National Mining Agency (ANM) that have strengthened the strategic framework to facilitate returning the Serra Pelada Project to commercial production. Helius has also obtained access to a broad collection of historical technical, legal, and financial documentation related to the Serra Pelada Project, much of which had been left unstructured following Colossus' insolvency. The Company is in the process of systematically organizing and reviewing this material, which is proving instrumental in shaping a clear strategy for re-permitting, stakeholder engagement, and redevelopment of the project. Under the Definitive Agreement, Helius has been provided with a twelve-month exclusivity period (the " Organizational Period") to: (a) undertake a review and development of a plan to ensure compliance with relevant mining laws and other regulatory requirements; (b) formulate a comprehensive strategy to address outstanding debts of the Brazilian subsidiaries of Colossus (the " Brazilian Subsidiaries"); and (c) develop a detailed plan to rehabilitate the Serra Pelada Project, the Brazilian Subsidiaries and SPCDM (as defined below). The Serra Pelada Project was put on a care and maintenance program in 2014 when Colossus became insolvent after incurring significant development expenditures prior to achieving commercial production. Christian J. Grainger, President and CEO commented: "Within just five months of signing the Definitive Agreement, I am very satisfied with the progress that Helius Minerals has made – with the invaluable help of our Brazilian legal counsel, led by Philippe Martin - in advancing mutual understanding with the Brazilian government on the future of the new Serra Pelada Project. We have also received overwhelming support from legacy shareholders and are working closely and in partnership with COOMIGASP to move the project forward as efficiently as possible. Serra Pelada has already seen significant investment including drilling and underground development. Given current metal prices, we believe it is an opportune time to evaluate alternative mining scenarios that could better unlock the full potential of this truly unique deposit. I am personally excited to return to Serra Pelada, drawing on my prior experience with the deposit, and to work hand in hand with our partners at COOMIGASP and the community." The Serra Pelada Gold-PGM Project Serra Pelada is located within the Carajás Mineral Province of Brazil. In July 2007, the Cooperativa de Mineração dos Garimpeiros de Serra Pelada (COOMIGASP) entered into a partnership agreement with Colossus to form Companhia de Desenvolvimento Mineral (" SPCDM"), which holds a 100% interest in the Serra Pelada Project. Colossus acquired a 75% interest in SPCDM under the partnership agreement. In 2014, Colossus became insolvent prior to achieving commercial production due to inadequate dewatering measures. This created liquidity and credibility issues immediately before metal production was to commence. The Serra Pelada Project was thereafter put on a care and maintenance program, and Colossus reported that it suspended operations due to liquidity challenges in 2014. Helius understands that, as a result of the Colossus insolvency, a number of regulatory and compliance matters must be addressed to permit the project to move forward. The Company has also commenced reviewing legacy debt and creditor arrangements associated with the Serra Pelada Project, with a view to undertaking a broader restructuring of historical liabilities to support a sustainable path to redevelopment. About Helius Minerals Limited Helius is a mineral exploration company focused on the identification and exploration of high-quality mineral assets across the Americas, with an emphasis on South American jurisdictions. On Behalf of the Board of Directors of Helius Minerals Limited Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements, including, but not limited to, statements regarding finalizing the acquisition of Serra Pelada Project, strategies for re-permitting, stakeholder engagement, and redevelopment of the Serra Pelada Project, future plans and rehabilitation of the Serra Pelada Project to move it forward and alternative mining scenariosare subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: the uncertainties inherent to current and future legal challenges that face the Serra Pelada Project and Colossus and its subsidiaries; controls, regulations, and political or economic developments in Brazil; changes in national and local government legislation in Canada and Brazil; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of Brazil; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States and Brazil; significant capital requirements; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund exploration work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Serra Pelada Project; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in conducting work programs; the risk of environmental contamination or damage resulting from Helius' operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Yahoo
26-07-2025
- Business
- Yahoo
Jito wants to solve Solana's bad MEV problem
A version of this article appeared in our The Decentralised newsletter on July 22. Sign up here. Solana developer Jito Labs started the week with a BAM. On Monday, the company detailed its newest product, the Block Assembly Marketplace. Like any under-the-hood update, it's difficult to explain in terms your parents — i.e. normies — would understand. But I'll try after one Solana heavyweight called it the 'biggest change in Solana history.' Blockchains are like distributed databases. Computers around the world work together to maintain the state of the blockchain, verifying transactions and account balances. Jito wants to launch a new set of specialised computers that will take a very different approach to verifying transactions. When blockchain transactions hit the queue, they're visible to certain players who can profit by front-running or back-running those transactions, a practice known as maximum extractable value, or MEV. That extraction can be immensely profitable. Between December 7 and January 5, a single so-called sandwich bot executed 1.55 million transactions for a profit of $13.43 million, according to a Helius report. BAM cloaks the queue, 'enabling developers to build CLOBs, perpetual exchanges, dark pools and other types of financial primitives that require sequencing control, determinism and privacy assurances,' according to Jito. It also lets applications create custom transaction-ordering logic. In short, BAM would end harmful MEV and enable Solana-based competitors to the red-hot Hyperliquid protocol, according to self-described Jito 'contributor' Andrew Thurman. Put even more simply, it enables '1,000x better trading experience for traders, apps, and also institutions — without bad MEV — but without requiring L2s,' according to Solana booster nonpareil Mert Mumtaz, the aforementioned heavyweight. Here's how it will all play out, according to Jito. The company will run its own specialised hardware 'with the goal of securing a high single-digit percentage of network stake shortly after launch.' Eventually, Jito will open-source the code and decentralise BAM governance. Ultimately, the company expects 'more than 50 geographically distributed nodes run by third party operators.' So what does this have to do with Jito's flagship product, the $3 billion Jito protocol? The company will soon propose directing all fees it collects from BAM and the Jito Block Engine to the Jito DAO. 'This shift cements the DAO's role at the center of the Jito ecosystem,' Jito writes. The DAO benefits immediately from existing fee flows, and as Plugin adoption grows, Jito Network is positioned to earn additional revenue from rising Solana activity, improved validator economics, and deeper alignment between ecosystem growth and DAO-owned infrastructure.' Top DeFi stories of the week This week in DeFi governance VOTE: Rocket Pool elects new incentives committee VOTE: Arbitrum DAO considers extending provisional code of conduct through Jnuary 2026 and tweaking DAO operations VOTE: GnosisDAO considers paying Gnosis Ltd. $30 million per year Post of the week Having celebrity neighbors isn't as exciting in the metaverse. Aleks Gilbert is DL News' New York-based DeFi correspondent. You can reach him at aleks@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Cision Canada
09-05-2025
- Business
- Cision Canada
Helius' Transaction with Colossus on Serra Pelada Project Receives Colossus Shareholder Approval
VANCOUVER BC, May 9, 2025 /CNW/ - Helius Minerals Limited (" Helius" or the " Company") (TSXV: HHH) is pleased to announce that the shareholders of Colossus Minerals Inc. (" Colossus") at the special meeting of Colossus' shareholders held on May 2, 2025 passed a special resolution approving the sale to Helius of all of the shares (the " Target Companies' Shares") of Colossus Mineracao Ltda. (" Colossus Brazil") and Mineracao Fazenda Monte Belo Ltda. (" MFM", and together with Colossus Brazil, the " Target Companies"), representing all or substantially all of the property of Colossus, and thereby a 75% beneficial interest in the partnership called Serra Pelada – Companhia de Desenvolvimento Mineral (" SPCDM"), which partnership holds a 100% interest in the Serra Pelada gold-platinum-palladium mining project in Brazil (the " Serra Pelada Project"). Colossus became insolvent in 2014 after dewatering measures at the Serra Pelada Project proved inadequate in controlling water ingress. This created liquidity issues immediately before metal production was to commence, which led to Colossus' bankruptcy. The Serra Pelada Project was thereafter put on a care and maintenance program and Colossus halted all exploration, construction and development activities to conserve cash. As announced in Helius' news releases of March 4, 2025 and March 25, 2025, Helius entered into a definitive Exclusivity, Share Option and Acquisition Agreement dated March 3, 2025 (the " Definitive Agreement") with Colossus which provides Helius with a twelve-month exclusivity period to conduct financing (the " Financing") to undertake: (a) a review and development of a plan to ensure compliance with relevant mining laws and other regulatory requirements; (b) the formulation of a comprehensive strategy to address outstanding debts, including those related to ongoing litigation, of the Target Companies; and (c) the development of a detailed plan to rehabilitate the Serra Pelada Project, the Target Companies and SPCDM (collectively, the " Organizational Period Requirements"), to allow Helius to address certain regulatory and compliance matters to allow the Serra Pelada Project to move forward. As announced in Helius' news release dated April 11, 2025, Helius completed the Financing on April 10, 2025 by closing a non-brokered private placement of 4,300,000 common shares of the Company at a price of Cdn$0.50 per share to raise gross proceeds of $2,150,000. Upon Helius' satisfaction of the Organizational Period Requirements, and upon receipt of conditional approval from the TSX Venture Exchange, Helius could elect, in its sole discretion, to deliver notice (the " Option Notice") to Colossus of its decision to proceed with an irrevocable option (the " Option") to purchase: (a) all of the shares of the Target Companies' Shares; and (b) all of the intercorporate loans and all interest accrued thereunder (the " Intercompany Debt") owed by the Target Companies to Colossus, if any. Upon Helius' exercise of the Option within six months of the date of delivery of the Option Notice, the parties would proceed with closing of Helius' purchase of the Target Companies' Shares and any Intercompany Debt. Helius is also pleased to announce that it has received approval from the holders of the existing senior secured convertible notes issued by Colossus (the " Existing Notes") in an aggregate principal amount of US$4 million (the " Existing Debt") to exchange said Existing Notes for amended senior secured convertible notes that Helius would issue to said noteholders in exchange for the Existing Debt. In addition, Helius is also pleased to announce that Christian Grainger, Evan Jones, Brian Cole and Samuel Clarke were elected to its board of directors at its annual general meeting of shareholders held April 29, 2025. Samuel Clarke is a new director and his appointment is subject to TSX Venture approval. Mr. Clarke has 20 years of mining executive experience, including roles as Finance Director or Chief Financial Officer at various public mining companies, and he is a Chartered Accountant. Helius' focus will now shift to completing certain due diligence on the Serra Pelada Project to satisfy the Organizational Period Requirements with a view to potentially exercising the Option to acquire the Target Companies' Shares and any Intercompany Debt. About Helius Minerals Limited Helius is a mineral exploration company focused on the identification and exploration of high-quality mineral assets across the Americas, with an emphasis on South American jurisdictions. On Behalf of the Board of Directors of Helius Minerals Limited Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements regarding the acquisition in connection with Serra Pelada Project and Target Companies and the future satisfaction of the Organizational Period Requirements . These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: the uncertainties inherent to current and future legal challenges that face the Serra Pelada Project and the Target Companies; controls, regulations, and political or economic developments in Brazil; changes in national and local government legislation in Canada and Brazil; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of Brazil; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States and Brazil; significant capital requirements; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund exploration work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Serra Pelada Project; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in conducting work programs; the risk of environmental contamination or damage resulting from Helius' operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Business Journals
01-05-2025
- Business
- Business Journals
Helius Medical Technologies initiates 1-for-15 reverse stock split to meet Nasdaq requirements
The number of Helius outstanding shares on the Nasdaq exchange will be reduced from about 7.9 million to roughly 500,000.
