Critical Metals

Production Averages 435 Barrels Per Day Over First 8 Days

First Helium Inc. (TSXV: HELI) (CNW Group/First Helium Inc.)

TSXV: HELI   FRA: 2MC

CALGARY, AB Feb. 1, 2022 CNW First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (FRA: 2MC), today announced that the "1-30" light oil well commenced production on January 23 rd and has delivered an average production rate of 435 barrels per day ("bblsd") over its first eight days of operation. The 1-30 is located on First Helium's 100-per-cent-owned, 79,000-acre Worsley landholdings in Northern Alberta, Canada .

"Cash flow from the 1-30 well will be deployed to accelerate the exploration and development of helium gas across our 79,000 acre Worsley Trend," said Ed Bereznicki , President & CEO of First Helium. "We believe that our shareholders will benefit greatly from First Helium's strengthened financial position, as our team executes on the vision to become a leading independent provider of helium gas in North America ," added Mr. Bereznicki.

With construction of the 1-30 Oil Battery completed ahead of schedule, oil production from the 1-30 well commenced on January 23 rd , 2022. First Helium expects to realize field netbacks of CA$55.00 to CA$60.00 per barrel based on a current WTI price of US$80.00 to US$85.00 per barrel, which is anticipated to provide ongoing operating cash flow for the Company beginning in late February. The Company has entered into a rolling monthly marketing arrangement with a large, credit-worthy counter-party to market its oil production volumes. Assuming an average daily production rate of 400 bbls/d, this represents initial net field level cash flow of over CA$600,000 to the Company on a monthly basis. Ongoing delivery of oil for sale began on January 25 th and will continue on a regularly scheduled basis. Revenue from January sales will be received by the Company in late February.

In connection with its March year end, the Company will commission an independent reserves evaluator to prepare an NI51-101 compliant reserve report for 1-30, including a net present value of estimated oil reserves.  Additionally, the Company will continue to explore alternatives to maximize the value of 1-30 to further the Company's helium exploration and development strategy.

First Helium estimates that approximately 20% of the economic Leduc wells along the Worsley Trend have been light oil producers with the balance being natural gas wells containing potentially economic helium. The association of helium with hydrocarbons makes the Worsley area a unique and very attractive area to explore for helium as the Company's exploration risk is mitigated by the potential for additional revenue streams from oil and natural gas. The Company recently announced plans to spud its second exploration well, the 4-29, in mid-February, located approximately 3 km southeast of its 15-25 helium discovery well.

ABOUT First Helium

Led by a core Senior Executive Team with extensive backgrounds in Oil & Gas Exploration and Operations, Mining, Finance, and Capital Markets, First Helium seeks to be one of the leading independent providers of helium gas in North America .

Building on its successful 15-25 helium discovery well at the Worsley project, the Company has identified numerous follow-up drill locations and acquired an expansive infrastructure system to facilitate future exploration and development of helium across its Worsley land base. Cash flow from its successful 1-30 oil well at Worsley , beginning in February, 2022, will help support First Helium's ongoing helium exploration and development growth strategy.

First Helium holds over 79,000 acres along the highly prospective Worsley Trend in Northern Alberta , and 276,000 acres in the Southern Alberta Helium Fairway, near existing helium production. In addition to continuing its ongoing exploration and development drilling at Worsley , the Company has identified a number of high impact helium exploration targets on the prospective Southern Alberta Helium Fairway lands to set up a second core exploration growth area for the Company.

For more information about the Company, please visit www.firsthelium.com .

ON BEHALF OF THE BOARD OF DIRECTORS

Edward J. Bereznicki
President, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING AND CAUTIONARY STATEMENTS

This news release contains certain statements or disclosures relating to First Helium that are based on the expectations of its management as well as assumptions made by and information currently available to First Helium which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results, or developments that First Helium anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words "expect", "will" and similar expressions. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the timing and rate of production of the 1-30 discovery well; the timing of the completion of the construction and commissioning of an oil battery at 1-30; anticipated cash flows; the entering into of off-take marketing arrangements; the use of funds and the Company's strategy. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of First Helium including, without limitation: that First Helium will continue to conduct its operations in a manner consistent with past operations; the general continuance of current or, where applicable, assumed industry conditions; availability of debt and/or equity sources to fund First Helium's capital and operating requirements as needed; and certain cost assumptions.

Forward-looking statements are based on estimates and opinions of management at the date the statements are made and are subject to risks, uncertainties and assumptions, including those set out in the Final Prospectus dated June 28, 2021 and filed under the Company's profile on SEDAR at www.sedar.com . Readers are cautioned that actual results may vary materially from the forward-looking statements made in this news release. Risks that could cause actual events or results to differ materially from those projected in forward-looking statements include, but are not limited to, risks associated with the oil and gas industry; the ability of First Helium to fund the capital and operating expenses necessary to achieve its business objectives; the impact of the COVID-19 pandemic on the business and operations of First Helium; the state of financial markets; increased costs and physical risks relating to climate change; loss of key employees and those risks described in the Final Prospectus dated June 28, 2021 . First Helium does not undertake any obligation to update forward looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

SOURCE First Helium Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2022/01/c3381.html

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HELI:CA
First Helium

First Helium

Overview

The international supply of helium is expected to run into ongoing supply/demand imbalances in the near future. Why does this matter? The simple answer: helium is needed to supply various industries, including healthcare, semiconductors and aerospace. Given that helium is rare, non-renewable and non-substitutable in many cases, new and significant helium production is strongly needed.

As production of helium in the US becomes diminished attention has turned to adjacently-situated Canada, which has the fifth-largest helium resource in the world. Specifically, the province of Alberta is one of the best jurisdictions for exploration and development because it hosts helium-rich reserves. As a result, companies with projects in Alberta present an exciting opportunity for investors seeking to capitalize on the projected increase in helium demand and strong associated helium prices.

First Helium Inc. (“First Helium” or the “Company”) (TSXV:HELI) is a Canadian exploration and development company specializing in identifying and extracting helium in the province of Alberta. The Company strives to become a leading North American helium producer by leveraging a low-risk development project supported by its existing discovery well and adjacent undeveloped lands. First Helium is working to bring its discovery well into production to establish a strong base of cash flows. The Company’s management team, along with its board of directors and strategic advisory board, are highly experienced with previous success in oil and gas exploration and production, capital markets and finance, helium project development, construction and project management and mining exploration and development.

First Helium’s flagship Worsley project is located north of Grande Prairie, Alberta in the Western Canadian Sedimentary Basin (the “WCSB”). Helium content on the property was tested as high as 1.3 percent based over three long-term test periods. The net present value (“NPV”) of the contingent resource is estimated to be as high as $15.2 million (at a 10 percent discount rate) or $0.23 per basic share outstanding based on an independent engineering report conducted by Sproule Associates Limited (“Sproule”).

In March of 2021, First Helium raised approximately $12 million. The majority of the funds will be used to develop the Company’s Worsley project. The initial discovery well that is located on those lands is expected to be ready to produce helium by the end of 2022, following the installation of a scalable and modular processing facility. The development plan also includes a three-well program that is expected to increase the Company’s inventory of helium volumes at its core production area.

Based on the success of its discovery well, First Helium has now acquired 125 sections of land spanning 32,000 hectares on trend with the discovery well. Most of the additional land was acquired in 2018 at Crown land sales at attractive prices. The Company considers the acquired lands to be highly prospective for helium and on trend with the discovery well at the Worsley Property.

In addition to its core Worsley area, First Helium has an excellent opportunity to establish a significant second core area for exploration and development of helium in another proven productive region of the WCSB. Specifically, First Helium has entered into an agreement with a third-party Canadian company to explore for helium on over 350,000 contiguous hectares of highly prospective land in southern Alberta. Helium content is greater than 0.5 percent in a number of formations over the prospective land base. A key highlight of the agreement is that it provides First Helium access to approximately 360 sections of 3D seismic data and 530 km of 2D seismic data – necessary and typically costly information required for successful helium exploration.

First Helium also exhibits a strong and focused financing strategy. Through its long-term helium production plan, the Company aims to maintain a responsible capital structure and avoid any unnecessarily dilutive financings to develop its lands and facilities. Recently, First Helium fulfilled its goal of achieving near-term liquidity through its listing on the TSX-V on July 12, 2021 following the filing of its Final Prospectus.

First Helium also has a highly attractive valuation relative to its publicly-listed peer group, given its current assets and adjacent land assets. As of July 7, 2021, the Company’s market capitalization was under $20 million and its share structure consists of 65.6 million basic shares outstanding, 6.1 million options and 27.6 million warrants, for a fully-diluted share total of 99.3 million. First Helium’s approximate cash position was also approximately $8.5 million on the same date.

The Company is uniquely positioned for success based on the current timeline for its Worsley project. First Helium will be one of the fastest companies to enter production compared to other existing public companies in the helium industry. It believes that its resources will be low-risk given the existing discovery well and will provide significant helium yields based on current data indications. The Company also plans to set up off-take marketing arrangements with third-party distributors for its helium.

Company Highlights

  • First Helium is a Canadian exploration and development company specializing in identifying and extracting helium in the province of Alberta. It is working to become a leading North American helium producer by leveraging a low-risk development project supported by its existing discovery well and adjacent undeveloped lands
  • The Company’s flagship Worsley Helium project is located north of Grande Prairie, Alberta in the WCSB. Helium content in its discovery well has been tested as high as 1.3 percent based over three individual long-term test periods.
  • The Company is working to bring its discovery well into production to establish a strong cash flow base and expand helium production by drilling an additional three wells on adjacent lands as defined by 3D seismic data.
  • The NPV of the contingent resource on the Worsley project is estimated to be as high as $15.2 million (at a 10 percent discount rate) or $0.23 per basic share outstanding, based on a Sproule independent engineering report.
  • First Helium has secured 125 sections, or 32,000 hectares of highly prospective helium exploration and development land on trend with the discovery well.
  • To augment its Worsley Property, First Helium has entered into an agreement with a third-party Canadian company to explore for helium on over 350,000 contiguous hectares of highly prospective land in southern Alberta. This will provide the Company with an excellent opportunity to establish a significant second core area for exploration and development of helium in another region of the WCSB that has been proven to be productive.
  • First Helium is listed on the TSX-V under the “HELI” stock symbol.
  • The Company’s management team is highly experienced with previous success in oil and gas exploration and production, capital markets and finance, helium project development, construction and project management and mining exploration and development.
  • First Helium acquired an aggregate of six kilometers of strategic natural gas gathering pipeline assets at Worsley.

Key Projects

Worsley Helium Project

The Company’s flagship Worsley project is located north of Grande Prairie in northern Alberta. The property is situated in the geological WCSB and features a pre-existing well originally drilled by a previous operator targeting natural gas.

Development Opportunities at Worsley Trend

Historical testing data of the well revealed indications of the presence of helium. Upon further testing by First Helium, the Company acquired the property and this well became known as its “discovery well”. In summary, the discovery well has been tested over three long-term test periods at helium content of 1.3 percent. An independent engineering report conducted by Sproule, a third-party evaluator, estimated a best-case NPV of the contingent resource to be $15.2 million (at a 10 percent discount rate) or $0.23 per basic share.

First Helium expects its Worsley project to be fully funded and ready to produce helium by the end of 2022, following the installation of a scalable and modular processing facility, with preliminary engineering on the facility already having been completed.

Management Team

Vance Loeber — Founder

Vance Loeber has over 30 years of international business experience. Loeber has been involved in the financing and promotion of early-stage to production level resource companies for over 20 years. Loeber was directly involved in the launch of the US Silver mine which is currently the largest pure silver mine in the United States.

He was one of the founders of Sandspring Resources, which raised over $60 million and took the Toroparu gold deposit in British Guyana to over 10 million ounces. His extensive network is focused on Europe, Asia and North America where he matches investors with the capital requirements of public companies. Loeber was one of the founders of Carlisle Goldfields, recently taken over by Alamos Gold at over a 100% premium to the market.

Ed Bereznicki — President and CEO, Director

Ed Bereznicki’s extensive industry experience includes various leadership positions at successful companies. Bereznicki is a former senior vice president of MNP Corporate Finance Inc., former director of Athabasca Minerals Inc., former managing director of Raymond James Ltd., a wholly-owned subsidiary of NYSE-listed Raymond James Financial Inc. and former chief financial officer and executive vice president at Lone Pine Resources.

Bereznicki’s experience includes over 15 years of Corporate Finance, Capital Markets, and Financial Advisory Expertise as Senior Energy Investment Banker, including over $20 Billion of equity and convertible debt raised for Energy Sector, including successful start-ups and IPOs. He was also involved in over 30 successful M&A transactions totaling more than $4.5 Billion in value. He is a seasoned Energy Executive with E&P, risk management, operations, and pipelines experience, domestic and international.

Bereznicki is also a Life Member of the Association of Professional Engineers and Geoscientists of Alberta. Bereznicki holds an MBA from the Richard Ivey School of Business at the University of Western Ontario, and a Bachelor of Science in Civil Engineering at the University of Alberta.

Robert J. Scott — CFO and Director

Robert J. Scott is a chartered accountant with over 20 years of professional experience in corporate finance, accounting, merchant and commercial banking. He has served in management and on the boards of several Canadian companies. He is currently the CFO at Riverside Resources and Northair Silver Corp., and a director of Entourage Metals Ltd. Scott is also a co-founder and a director of Pan American Hydro Corporation – a private company involved in developing small hydro projects in Latin America. Scott earned his CA designation in 1998, his CFA designation in 2002 and has a B.Sc. from the University of British Columbia.

David L. Safton — VP Geosciences

David Safton was an independent director at Top Strike Resources Corp. and the president and CEO at Sage Oil & Gas, Inc. Safton received his undergraduate degree from the University of Saskatchewan and a graduate degree from the University of Aberdeen.

Shaun Wyzykoski — VP of Engineering

Shaun Wyzykoski is a Professional Engineer with over 20 years of experience in the oil and gas industry. Wyzykoski served as the vice president of engineering at Orlen Upstream Canada. Wyzykoski was a founding member and vice president of engineering at Fairmount Energy Inc. Wyzykoski has previously held positions at Crescent Point Energy Trust and Compton Petroleum Inc., including the role of vice president of engineering at Trioil Resources.

Todd Holmstrom — Independent Director

Todd Holmstrom has over thirty years of experience in projection execution, engineering, procurement, construction and product design, development and manufacturing. Holmstrom’s industry experience includes petrochemical, mining, oil and gas, pulp and paper, commercial water and wastewater, wireless telecommunications, and medical devices.

Holmstrom is an experienced leader with proven success developing business strategies in private and public sector companies resulting in significant earnings growth and increased share value. Holmstrom is highly skilled in facilitating organizational change leading to energized, focused and successful people. Holstrom has a proven ability to solve highly complex product and process issues by applying Six Sigma processes. Holmstrom is a Registered Professional Engineer with APEGA and a Trained Project Management Professional through PMI.

Holmstrom is the current CEO of waterStrider Treatment Inc. Holmstrom has held previous positions, including vice president of industrial construction at Stuart Olson Inc., business strategy consultant and senior vice president of operations at Thermal Energy Services Inc., president of Lockerbie & Hole Contracting Ltd., president of Intelliwave Technologies Inc., vice president of industrial construction at Flint Energy Services and senior manager of new product introduction at Nortel.

Cal Watson — Independent Director

Cal Watson received his Bachelor of Science in Engineering at the University of Saskatchewan in 1985. Watson is currently the president of Nobilis Energy Consulting Ltd. and the executive advisor at ACM Facility Safety. Watson spent more than six years with Devon Energy, serving as the vice president of production, the vice president of thermal heavy oil operations, the general manager of thermal heavy oil and the operations manager of thermal heavy oil.

"4-29" Well Brought On-Stream In April

"4-29" Well Brought On-Stream In April

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

Combined April Net Revenue of Approximately $1.4 Million Expected From 1-30 and 4-29 Wells

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First Helium Receives $1.2 Million for 1-30 March Production and $485k More in Warrant Exercises

First Helium Receives $1.2 Million for 1-30 March Production and $485k More in Warrant Exercises

Company also Received DTC Eligibility Approval

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it has received cash proceeds of approximately $1,200,000 for March light oil production from the 1-30 well and an additional $485,000 in warrant exercise proceeds. The Company also announced that it has become DTC eligible in the U.S. which should expand market access for its U.S. investors.

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First Helium Receives Additional $1.87 Million in Warrants Exercises and Expects $1.2 Million for 1-30 March Production

First Helium Receives Additional $1.87 Million in Warrants Exercises and Expects $1.2 Million for 1-30 March Production

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

1-30 Oil Well Pays Out in Less than Two Months

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First Helium Bolsters Financial Position in March - Receives $1.25 Million for February 1-30 Production and $1.85 Million in Warrants Exercises

First Helium Bolsters Financial Position in March - Receives $1.25 Million for February 1-30 Production and $1.85 Million in Warrants Exercises

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced a significant positive change to the Company's balance sheet based on ongoing payments from light oil production and cash proceeds from the exercise of previously issued warrants.

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First Helium Announces "4-29" Light Oil Discovery at Worsley

First Helium Announces "4-29" Light Oil Discovery at Worsley

Significant Additional Production Revenue Anticipated in Q2/2022

First Helium Inc. ("First Helium" or the "Company") (TSXV: HELI) (OTC: FHELF) (FRA: 2MC), today announced that it has drilled, completed and tested the Company's second exploration well on the Company's Worsley Property (the "4-29" ).  Upon completion of well operations, the 4-29 well flowed 467 barrels per day ("bbld") of ~35 -degree API light oil from the Leduc Formation, representing an oil cut of 67% over a test period of 48 hours on a minimal drawdown. First Helium is preparing to bring the 4-29 well into production in early Q2 2022.

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Helium Evolution Engages Native Ads Inc. for Digital Media Services

Helium Evolution Engages Native Ads Inc. for Digital Media Services

Helium Evolution Incorporated (TSXV: HEVI) ("HEVI", "Helium Evolution" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that we have engaged Native Ads Inc. ("Native Ads") to execute a comprehensive digital media marketing campaign for the Company, supporting HEVI's ongoing efforts to increase awareness. This comprehensive advertising program is designed to build brand familiarity, general recognition, and raise awareness within online investor content platforms. Native Ads will employ state-of-the-art digital advertising, paid distribution, media buying and content creation to execute this important initiative.

This programmatic digital advertising campaign will run for up to 12 months, or until budget exhaustion, at the cost of approximately $232,500 (CAD). Services provided pursuant to the agreement will include media placements and distribution and strategic services, including content creation, web development, advertising creative development, search engine optimization and strategic digital advertising consulting. HEVI retains the option to extend both the campaign's duration and budget. The campaign will commence in May or June of 2022, with exact timelines to be agreed upon by HEVI and Native Ads. The Company and Native Ads act at arm's length, and Native Ads has no present interest, directly or indirectly, in the Company or its securities. The appointment of Native Ads is subject to approval by the TSX Venture Exchange.

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Helium Evolution Provides Shareholder Update

Helium Evolution Provides Shareholder Update

Helium Evolution Incorporated (TSXV: HEVI) ("HEVI", "Helium Evolution" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to provide a corporate update for shareholders regarding the achievement of key milestones towards our goal of generating long-term cash flow and shareholder returns. One such milestone in this journey was providing liquidity for our shareholders, which was realized on March 30, 2022 with our listing on the TSX-V.   In addition to having approximately $10 million in cash, our listing supports ongoing efforts to start generating revenue from the production and sale of helium, which is targeted to commence in the first quarter of 2023.

Since founding the Company in 2021, management and the board of directors have shared the overall vision of becoming a leading North American helium exploration and production company focused in the Saskatchewan helium fairway. HEVI recognized early on that amassing a sizeable land position in the province would be instrumental and have successfully acquired 5.48 million acres of helium exploration permits in Saskatchewan. This positions HEVI as the largest holder of helium exploration rights in North America among publicly listed helium companies. On that land, we have now purchased and shot over 750 km of 2D seismic which has been fundamental to identifying numerous drilling targets in the Mankota/McCord area of south-central Saskatchewan.

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Helium Evolution Announces Appointment of Heather Isidoro to Board of Directors

Helium Evolution Announces Appointment of Heather Isidoro to Board of Directors

Helium Evolution Incorporated (TSXV: HEVI) ("HEVI", "Helium Evolution" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce the appointment of Heather Isidoro as a director of the Company effective April 13, 2022. The Company believes Ms. Isidoro's extensive technical and business development background in the energy industry will further enhance and strengthen HEVI's board as the Company gears up to commence drilling in the springsummer of 2022. Ms. Isidoro's appointment to the board is subject to the approval of the TSX Venture Exchange.

Ms. Isidoro has over 20 years of experience in the energy industry, the last 17 of which were focused on business development, most recently as the Vice President of Business Development with Pine Cliff Energy Ltd. She brings a broad range of energy industry experience with specialization in acquisitions and divestitures, reserves valuations, and financial modeling. Ms. Isidoro is President and a Director of the Petroleum Acquisitions and Divestitures Association, and a Trustee on the University of Saskatchewan Engineering Advancement Trust. She has a B.Sc. in Geological Engineering from the University of Saskatchewan, and an MBA from Athabasca University. In addition, Ms. Isidoro has completed the Not-For-Profit Board Governance Essentials program from The Institute of Corporate Directors and the Rotman School of Management.

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Helium Evolution Inc. Virtually Opens the Market

Helium Evolution Inc. Virtually Opens the Market

Greg Robb President and Chief Executive Officer, Helium Evolution Inc. ("HEVI", "Helium Evolution" or the "Company") and his team joined Arne Gulstene Head, TSX Company Services, Toronto Stock Exchange, to celebrate the Company's new listing on TSX Venture Exchange and open the market.

Helium Evolution is a Canadian-based helium exploration and production company holding the largest helium land rights position in North America among publicly-traded companies, focused on developing assets in southern Saskatchewan.

For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com . The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET

Date: Monday, April 11 , 2022

Time: 9:00am - 9:30am

Place:  Virtually Broadcast

SOURCE TSX Venture Exchange

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/11/c4918.html

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Helium Evolution Commemorates TSXV Listing by Virtually Opening TMX Markets

Helium Evolution Commemorates TSXV Listing by Virtually Opening TMX Markets

Helium Evolution Incorporated ("HEVI", "Helium Evolution" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce that CEO, Greg Robb, and his HEVI team today joined Arne Gulstene, Head of TMX Group's Company Services, to celebrate the Company's recent listing on the TSX Venture Exchange and open the market.

"We are thrilled and honoured to be opening the TMX Group markets in recognition of our debut as a publicly traded company," said Greg Robb, President & CEO of Helium Evolution. "Today marks a major milestone for Helium Evolution that is the culmination of many months of hard work and well-earned progress for the Company, and we intend to build on this momentum. Our team is already preparing to commence our initial drilling program in the spring / summer of 2022, with the goal of sustainable green helium production within an estimated 12 months."

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Helium Evolution Commences Trading Today Under Symbol 'HEVI' on the TSX Venture Exchange

Helium Evolution Commences Trading Today Under Symbol 'HEVI' on the TSX Venture Exchange

Helium Evolution Incorporated ("HEVI", "Helium Evolution" or the "Company"), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, is pleased to announce the commencement of trading today of its common shares on the TSX Venture Exchange ("TSXV") under the symbol ‘ HEVI '.

Helium Evolution aims to help solve the growing global helium shortage 1 that has developed as a result of challenges associated with Covid-19, technical malfunctions at key suppliers, and the supply chain breakdown resulting from current political instability in Europe 2 . HEVI currently holds the largest helium land position in North America among publicly-traded companies at 5.4 million+ permitted acres, with multiple seismically defined targets. Using existing well, seismic and aeromagnetic data to identify helium leads in HEVI's target geological zone, the Deadwood formation, the Company anticipates the commencement of its drilling program in Spring of 2022.

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