Helium Evolution

Helium Market on the Verge of Change as Demand Grows

Helium, a rare and non-renewable resource, promises an opportunity for investors as the demand grows. However, it remains a niche market with no public spot price for the product, according to a recent article.

In an interview with Tara Weber, BNN Bloomberg’s Western Bureau chief, Helium Evolution Incorporated (TSXV:HEVI) president and CEO Greg Robb said there isn’t a spot price for helium right now, noting that the current helium market is reminiscent of the “wild west” beginnings of the oil industry.

He said for several years, “midstreamers,” companies who buy helium from producers, process and then sell it to end users, have dominated the helium industry and now have a captive market, much like an oligopoly.

“If you have a monopoly, you have pricing power. The oligopoly is – I mean I don’t know how much collusion there is, or if there is any, but when you can’t find a price point for your product, it’s difficult to make the proper investment decisions too. This is a risky business. On our five million acres, there are only five wells that go down through the full sedimentary section so we’re just wildcatting,” Robb said.

The Helium Evolution CEO told Weber his company was approached by several groups in the past – one of them offering a contract for $350 per mcf [thousand cubic feet]. These offers came in even before Helium Evolution started drilling for helium.

“We were at a little mineral conference about four weeks ago,” Robb told Weber. “It was mostly mining companies and there was a company called Desert Mountain Energy Corp. which is a helium company listed on the TSX Venture exchange, but working down in Arizona. The guy that presented, [company president] Don Mosher, said the market in Arizona for wholesale helium was $1,500 per mcf. Then I heard from talking to someone at the Schacter Energy conference, a knowledgeable person in the helium space, who says the current price for 2024 is US$750.”

As more producers start selling to end-users, effectively cutting out the middleman, the power in the helium industry will begin to shift towards producers, the article said.. And as publicly traded helium companies start to report sales data on their quarterly earnings, price transparency will be inevitable, according to Robb.

Helium Evolution is currently the largest publicly traded land-holder in North America, holding 5.5 million acres of property in Saskatchewan’s Cambrian formation.

To read the full article, click here.

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

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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 .

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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.

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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

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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

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*To view the presentation, please visit:
https://abnnewswire.net/lnk/91TD2JM9



About BPH Energy Limited:  

BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.

The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.

BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.

BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).



Source:
BPH Energy Limited

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