HELIUS MINERALS LIMITED (FORMERLY ALTAN NEVADA MINERALS LIMITED) MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED DECEMBER 31, 2023

Helius Minerals Limited, formerly known as Altan Nevada Minerals Limited, has released its annual management discussion and analysis (MD&A) covering the financial year ended December 31, 2023. This regulatory filing represents a standard corporate disclosure requirement that provides stakeholders with management's perspective on the company's financial performance and operational activities during the reporting period.

The MD&A document focuses on four key areas: the company's activities throughout 2023, results of operations, liquidity position, and capital resources available to the Group. These elements form the foundation of management's assessment of the company's financial condition and strategic positioning as of year-end 2023.

For mining sector participants, the publication of annual MD&A documents represents an important milestone in the corporate reporting cycle, providing transparency into company performance and management's outlook. The name change from Altan Nevada Minerals Limited to Helius Minerals Limited suggests potential strategic repositioning or corporate restructuring activity during or prior to the reporting period.

The availability of this comprehensive financial analysis enables investors, analysts, and industry stakeholders to evaluate the company's operational progress, financial health, and strategic direction as it moves forward into 2024. The document serves as a critical reference point for understanding management's assessment of challenges, opportunities, and future prospects within the broader mining and minerals sector context.