Helium Evolution Provides Update From North American Helium's Fifth Farmout Well

Helium Evolution Provides Update From North American Helium's Fifth Farmout Well

 

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today provides an update on the fifth farmout well at 6-13-5-7W3 (" Test Well Area #2 "), on farmout lands within the McCord block in Saskatchewan.

 

Test Well Area #2 was drilled and fully funded by HEVI's farmout partner, North American Helium Inc. (" NAH "), pursuant to a previously announced farmout arrangement (the " Farmout ") (see news releases dated October 21, 2022 , and June 28, 2022 ). After reaching total depth, NAH notified HEVI that Test Well Area #2 will be abandoned.

 

  Upcoming Drilling Catalysts and Key Dates  

 
  • On or before November 1, 2023 : The Mankota location selected at 5-36-3-9W3 (" Test Well Area #1 ") is scheduled to be spud by NAH; and
  •  
  • On or before March 31, 2024 : The Fox location selected at 11-13-13-29W3 (" Test Well #4 ") is scheduled to be spud by NAH.
  •  

NAH is responsible for 100% of the drilling costs for Test Well Area #1 and Test Well #4, while HEVI retains a 20% working interest in the wells, supporting the Company's continued financial flexibility and capital conservation.

 

  Stay Connected to Helium Evolution  

 

Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company's   website , which includes the Company's current   corporate presentation   , and are invited to follow the Company on   LinkedIn   and   Twitter   for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned ‘deep-dive'   research report   prepared by a third party whose background includes serving as a research analyst for several bank-owned and independent investment dealers. In addition to recent   media   articles   , HEVI maintains a profile on the   Investing   News   Network   platform, where further information, editorial pieces and industry reviews are available.

 

  About Helium Evolution Incorporated  

 

HEVI is a Canadian-based helium exploration 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 5.6 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.

 

  For further information, please contact:  

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

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

  Statement Regarding Forward-Looking Information  

 

  This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such 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 document include statements set forth under the heading "Upcoming Drilling Catalysts and Key Dates", the Company's expectations regarding the Company becoming a leading supplier of sustainably-produced helium, the Company's beliefs regarding growth of the global helium market and other statements that are not historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others: the Company or NAH may choose to defer, accelerate or abandon its exploration plans; the drilling date for wells identified in this news release; the Company and NAH may amend the Farmout; new laws or regulations and/or unforeseen events could adversely affect the Company's business and results of operations; stock markets have experienced volatility that often has been unrelated to the performance of companies and such volatility may adversely affect the price of the Company's securities regardless of its operating performance risks generally associated with the exploration for and production of resources; the uncertainty of estimates and projections relating to expenses; constraint in the availability of services; commodity price and exchange rate fluctuations; adverse weather or break-up conditions; and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.  

 

  When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and risks and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. 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.  

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

HEVI:CA
The Conversation (0)
Helium Evolution Announces Filing of Q2 2024 Financial Results and Provides Operations Update

Helium Evolution Announces Filing of Q2 2024 Financial Results and Provides Operations Update

 

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, announces the filing of the Company's interim condensed financial statements and associated management's discussion and analysis for the three and six months ended June 30, 2024 (the " Q2 Report ").

 

Complete details of the Q2 Report are available on SEDAR+ at www.sedarplus.ca , and on HEVI's   website   .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Helium Evolution Provides Operations Update and Announces Amendment of Stock Options

Helium Evolution Provides Operations Update and Announces Amendment of Stock Options

 

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to provide an update regarding its Mankota helium discoveries.

 

The 9-18-3-8W3 well (" 9-18 Well ") stimulation is now anticipated to take place later in June or in July 2024. The delay is due to higher than normal rainfall in the Mankota area, which has impacted the surface conditions and postponed the start of the 9-18 Well stimulation.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Helium Evolution Announces Voting Results From Annual General & Special Meeting of Shareholders

Helium Evolution Announces Voting Results From Annual General & Special Meeting of Shareholders

 

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to report that all matters presented for approval at its annual general and special meeting of shareholders held on May 22, 2024 (the " Meeting ") were approved. A total of 29,481,254 common shares representing 30.7% of the Company's issued and outstanding common shares were voted in person or represented by proxy at the Meeting.

 

The shareholders voted in favour of all matters set out in the Company's Management Information Circular dated April 22, 2024 (the " Circular "), including the election of all seven director nominees of HEVI for the ensuing year or until his or her successor is elected or appointed. Each nominee received greater than 96% of votes in favour.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Helium Evolution Announces Filing of Q1-2024 Financial Results

Helium Evolution Announces Filing of Q1-2024 Financial Results

 

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company's interim condensed financial statements and associated management's discussion and analysis for the three months ended March 31, 2024 (the " Q1 Report ").

 

Complete details of the Q1 Report are available on SEDAR+ at www.sedarplus.ca, and on HEVI's website.  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Helium Evolution Announces Filing of Annual 2023 Financial Results and Provides Operations Update

Helium Evolution Announces Filing of Annual 2023 Financial Results and Provides Operations Update

 

Helium Evolution Incorporated (TSXV:HEVI) (" HEVI " or the " Company "), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company's annual financial statements and associated management's discussion and analysis for the year ended December 31, 2023 (the " Annual Report ").

 

Complete details of the Annual Report are available on SEDAR+ at www.sedarplus.ca, and on HEVI's website .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

 

Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) ("Westport" or "The Company") announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025.

 

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3   
Webcast: https://investors.westport.com  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Shell sign on a tall pole against a clear blue sky.

Shell Denies Interest in BP Takeover, Freezing Potential Deal for Six Months

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code.

According to the company, no talks have taken place and it has no intention of making an offer.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement released Thursday (June 26) morning.

Keep reading...Show less
CHARBONE Hydrogen Executed a Master Collaborative Agreement to Receive 1M USD to Support the Deployment of a Malaysian Green Hydrogen Project Development for a Local Partner

CHARBONE Hydrogen Executed a Master Collaborative Agreement to Receive 1M USD to Support the Deployment of a Malaysian Green Hydrogen Project Development for a Local Partner

 

(TheNewswire)

 
     
  Charbone Hydrogen Corporation 
          
 

  The CHARBONE team will serve as expert matter advisors to a private Malaysian financial group for the development and construction of their first modular and scalable production facility in the Asia-Pacific region.  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Charbone Hydrogene signe une entente-cadre de collaboration et percevra 1M de dollars americains afin de soutenir le deploiement d'un projet de developpement d'hydrogene vert en Malaisie pour un partenaire local

Charbone Hydrogene signe une entente-cadre de collaboration et percevra 1M de dollars americains afin de soutenir le deploiement d'un projet de developpement d'hydrogene vert en Malaisie pour un partenaire local

 

(TheNewswire)

 
     
  Charbone Hydrogen Corporation 
          
 

  L'équipe Charbone servira de conseiller expert auprès d'un groupe financier privé malaisien pour le développement et la construction de leur première usine de production modulaire et évolutive dans la région Asie-Pacifique.  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
US flag and declining stock graph overlay.

Oil Prices Rise, Then Tumble as Iran Retaliates Against US

Oil prices plummeted over 6 percent on Monday (June 23) as Iran launched a missile strike on a US military base in Qatar in retaliation for American airstrikes on Iranian nuclear facilities.

Reuters reported that Brent crude futures dropped US$4.90, or 6.3 percent, to settle at US$72.19 per barrel, while US West Texas Intermediate (WTI) crude slid US$4.60, or 6.2 percent, to US$69.23 per barrel.

The sharp declines followed initial spikes of nearly 5 percent on Sunday (June 22) evening, after US President Donald Trump confirmed that American forces had “obliterated” key Iranian nuclear sites in a joint response with Israel.

Keep reading...Show less

Latest Press Releases

Related News

×