Critical Metals

Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company") announces that it has granted stock options (the "Options") under the Company's stock option plan (the "Option Plan") to certain officers, employees and consultants (the "Option Recipients").

In aggregate, 810,000 Options have been granted, with 400,000 Options being granted to officers, 335,000 Options being granted to consultants and 75,000 Options being granted to investor relations service providers. Each Option represents the right to receive one common share of the Company upon vesting, exercisable at a price of $0.31. The Options will vest as to 20% on each of the 6th, 12th, 18th, 24th and 30th month anniversaries of the date of grant. The Options will expire on November 14th, 2027.

These grants represent compensation to the Option Recipients for their respective service to the Company as officers, employees and consultants of the Company and as an incentive mechanism to foster the interest of such persons in the success of the Company.

About Helium Evolution Incorporated

HEVI 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. The Company has over five million acres of land under permit near proven discoveries of economic helium concentrations which will support scaling the exploration and development efforts across its land base. HEVI's management and board are executing a differentiated strategy to become a leading supplier of sustainably-produced helium for the growing global helium market, offering a compelling opportunity for investors.

For further information, please contact:

Greg Robb, President & CEO
Phone: 1-587-330-2459
Email: info@heliumevolution.ca
Web: https://www.heliumevolution.ca/

Cindy Gray, Investor Relations HEVIinfo@5qir.com | 403-705-5076

Cautionary Note Regarding Forward Looking Statements

Certain disclosure in this release, including statements regarding the vesting of the Options, constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including, but not limited to Option Recipients continuing in their service to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

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

Source

Click here to connect with Helium Evolution Incorporated (TSXV:HEVI), to receive an Investor Presentation

HEVI:CA
Helium Evolution

Helium Evolution


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Helium Evolution Announces Filing of Third Quarter 2022 Financial and Operating Results

Helium Evolution Announces Filing of Third Quarter 2022 Financial and Operating Results

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Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration and production company focused on finding, developing and commercializing assets in southern Saskatchewan, today provides an update on the first of two wells that will be drilled by year end 2022 (the " First Test Well "), NAH Grasslands 13-30-2-8W3, on farmout lands within Block 1 at Mankota in Saskatchewan.

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Helium Evolution Confirms First Farmout Well Spud by North American Helium

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  • New seismic option and seismic review option agreements with NAH could expand number of wells to be drilled by ~60%, from five to up to eight
  • At no cost, HEVI to receive NAH's proprietary seismic recently used to drill three successful NAH wells

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The securities of Global Oil & Gas Limited (‘GLV’) will be placed in trading halt at the request of GLV, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 17 November 2022 or when the announcement is released to the market.

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Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q3 2022 results.

 

Three months
Sept 30, 2022





Three months
Sept 30, 2021





Nine months
Sept 30, 2022





Nine months
Sept 30, 2021



 
Revenue$5,230,675

 
$3,916,528

 
$18,157,778

 
$13,001,357

  
Gross margin$1,590,082

30%
$1,196,418

31%
$6,722,053

37%
$4,466,484

34% 
Adjusted gross margin(1)(2)$1,590,082

30%
$835,794

21%
$6,722,053

37%
$2,845,982

22% 
Adjusted EBITDA(1)(2)$862,807

16%
$332,691

8%
$4,908,611

27%
$1,366,597

11% 
Net (loss) income and comprehensive (loss) income$(677,679)
 
$(969,492)
 
$487,067

 
$(2,502,402)
  
(Loss) income per share - Basic and diluted$(0.01)
 
$(0.02)
 
$0.01

 
$(0.05)
  

 
(1) Identified and defined under "Non-IFRS Measures".
(2) The Canadian Emergency Wage Subsidy and Rent Subsidy Programs ended in October 2021. To provide further comparability to pre-COVID operations, the Company has presented adjusted gross margin and adjusted EBITDA to reflect the results of operations without any subsidy programs.

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