Helium Evolution Announces Conversion of $8.3 Million Convertible Note Into Common Shares

Core Insights - Helium Evolution Incorporated has converted a convertible note valued at $8.3 million into common shares following the achievement of an operational milestone, specifically the delivery of helium from the Soda Lake Facility [1][2] - After the conversion, ENEOS USA holds approximately 42% of Helium Evolution's issued and outstanding common shares on a fully diluted basis [2] 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 [3] - The company has over five million acres of land under permit near proven discoveries of economic helium concentrations, which supports its exploration and development efforts [3] - Helium Evolution aims to become a leading supplier of sustainably-produced helium to meet the growing global demand for helium [3]