Helium Evolution Secures Offtake Agreement

Core Viewpoint - Helium Evolution Incorporated has signed a significant helium offtake agreement, marking a key commercial milestone as it prepares for production from the Soda Lake Facility in Saskatchewan, which is expected to start operations in early Q4 2025 [1][2]. Company Overview - Helium Evolution is a Canadian helium exploration company with the largest helium land rights position in North America among publicly traded companies, holding over five million acres of land under permit in southern Saskatchewan [5]. - The company focuses on developing assets near proven helium concentrations to support its exploration and development efforts [5]. Offtake Agreement Details - The offtake agreement includes a one-year initial term with renewal options, committing the buyer to purchase 100% of the company's share of helium production from the Soda Lake Facility [2]. - The agreement highlights the increasing global demand for helium, which is essential for high-tech industries such as medical imaging, semiconductor manufacturing, and aerospace applications [2]. Production Timeline - The Soda Lake Facility is in the final stages of testing, with the startup of the purification facility and connected wells on track for early in the fourth quarter of 2025 [1].