Helium Evolution Announces First Commercial Sales of Helium

Core Insights - Helium Evolution Incorporated has achieved its first commercial sales of helium from the Soda Lake Facility, marking a significant milestone in its transition to commercial production and revenue generation [1][3][4] Company Overview - Helium Evolution is a Canadian-based helium exploration company with the largest helium land rights position in North America among publicly-traded companies, focusing on developing assets in southern Saskatchewan [7] - The company holds over five million acres of land under permit near proven discoveries of economic helium concentrations, supporting its exploration and development efforts [7] Facility Details - The Soda Lake Facility, in which Helium Evolution holds a 20% working interest, is designed to process 12 million standard cubic feet per day (mmscf/d) of raw gas and is currently operating at this designed capacity [2] - Production at the facility is initially supplied by three helium wells connected through a dedicated pipeline gathering system [2] Strategic Importance - The first commercial sale of helium is seen as a transformational event for Helium Evolution, validating its strategy and confirming the potential of its Saskatchewan helium assets [4] - The company anticipates a steady contribution of production revenue from its working interest in the Soda Lake Facility while pursuing additional growth opportunities across its extensive land base [4] Leadership Update - The company announced the resignation of Greg Robb from the Board of Directors, expressing gratitude for his tenure [5]