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Helium Evolution Announces Start-Up of Soda Lake Helium Purification Facility
Globenewswire· 2025-10-06 21:00
CALGARY, Alberta, Oct. 06, 2025 (GLOBE NEWSWIRE) -- 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 announce a major milestone with the completion of commissioning of its helium processing facility in the Mankota area, located at 1-2-4-9W3 (the “Soda Lake Facility”). “This is a pivotal moment for HEVI and our stakeholders,” said Jim Baker, Interim President and CEO of Helium ...
Pulsar Helium Announces Promising Pre-Feasibility Results for Tunu Project in East Greenland
Globenewswire· 2025-09-29 06:00
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. CASCAIS, Portugal, Sept. 29, 2025 (GLOBE ...
Helium Evolution Closes $8.3 Million Convertible Note and Announces Q2-2025 Results
Globenewswire· 2025-08-29 21:00
Core Viewpoint - Helium Evolution Incorporated has successfully closed an $8.3 million convertible note to fund its helium processing facility and upcoming drilling activities, marking a significant step towards becoming a helium producer [1][2][7]. Financial Summary - For Q2 2025, the company reported a net loss of CAD 196,000 compared to CAD 254,000 in Q2 2024, and a total net loss of CAD 871,000 for the first half of 2025, up from CAD 493,000 in the same period last year [4]. - Cash reserves decreased to CAD 1.32 million from CAD 4.77 million year-over-year, while working capital also fell to CAD 1.10 million from CAD 4.71 million [4]. - Total assets increased to CAD 14.09 million from CAD 10.86 million, while total liabilities rose to CAD 666,000 from CAD 374,000 [4]. Operational Developments - The proceeds from the convertible note will support a 20% working interest in the Soda Lake Facility, which has a processing capacity of 12 million standard cubic feet per day [2]. - The Soda Lake Facility is expected to be operational in Q4 2025, with the first helium sales anticipated later this year [5][7]. - A winter drilling campaign is planned to commence in Q4 2025 and continue into Q1 2026, focusing on new wells and related development activities in the Mankota area [2][5]. Company Overview - Helium Evolution is a Canadian helium exploration company with the largest helium land rights position among publicly traded companies in North America, holding over five million acres of land in southern Saskatchewan [8]. - The company aims to become a leading supplier of sustainably-produced helium to meet the growing global demand [8].
Helium Evolution Provides New Update on Helium Production Facility
Globenewswire· 2025-05-27 21:00
Core Viewpoint - Helium Evolution Incorporated is advancing towards commercial helium production with the construction of the Soda Lake Facility, which will significantly enhance its operational capabilities in the helium market [1][2][3]. Company Developments - North American Helium Inc. plans to build a helium processing facility with a capacity of 12 million standard cubic feet per day in the Mankota area, expected to be operational in Q4 2025 [2]. - The Soda Lake Facility will initially connect three helium wells through a dedicated pipeline gathering system [2]. - Helium Evolution will hold a 20% working interest in the Soda Lake Facility, with an estimated investment of approximately $5.2 million, supported by its working capital and recent financing [3]. Strategic Importance - The Soda Lake Facility is viewed as a transformational milestone for Helium Evolution, unlocking long-term value from its Mankota assets and reinforcing confidence in the region's helium potential [3]. - The company aims to become a leading supplier of sustainably-produced helium, leveraging its extensive land rights position in North America, which encompasses over five million acres near proven helium concentrations [5]. Industry Context - The helium market is experiencing growth, and Helium Evolution's strategy is aligned with the increasing demand for sustainably-sourced helium [5].