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Helium Evolution Announces Filing of Third Quarter 2025 Financial Results
Globenewswire· 2025-11-18 22:00
CALGARY, Alberta, Nov. 18, 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, today announced the filing of the Company’s interim condensed financial statements and associated management’s discussion and analysis for the three and nine months ended September 30, 2025 (the “Q3 Report”). Complete details of the Q3 Report are available on SEDAR+ at www.sedarplus.ca, and ...
Helium Evolution Announces Grant of Stock Options
Globenewswire· 2025-10-30 13:00
Core Points - Helium Evolution Incorporated has granted a total of 2,520,000 stock options to directors, officers, consultants, and investor relations service providers as part of its stock option plan [1][2][3] - The options are exercisable at a price of $0.20 and will vest between the 2 and 30 month anniversaries of the grant date, with expiration dates ranging from October 29, 2026, to October 29, 2030 [2][3] Company Overview - Helium Evolution is a Canadian helium exploration company that holds the largest helium land rights position in North America among publicly traded companies, focusing on developing assets in southern Saskatchewan [5] - 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 [5] - The management and board of Helium Evolution are executing a strategy to become a leading supplier of sustainably-produced helium for the growing global helium market [5]
Helium Evolution Announces Conversion of $8.3 Million Convertible Note Into Common Shares
Globenewswire· 2025-10-27 11:00
CALGARY, Alberta, Oct. 27, 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, announces that, in accordance with the automatic conversion provisions of the convertible note agreement as announced on August 26, 2025 with ENEOS Xplora USA Limited (“ENEOS USA”), the convertible note with a face value of $8.3 million (the “Note”) has been converted into common shares of t ...
Pulsar Helium Announces Proposed Acquisition of Michigan Helium Exploration Assets
Globenewswire· 2025-10-27 06:00
Core Viewpoint - Pulsar Helium Inc. has signed a non-binding term sheet to acquire 100% of Hybrid Hydrogen Inc. in an all-share transaction, marking its first entry into Michigan's Upper Peninsula and expanding its helium exploration portfolio [1][3][6] Summary by Sections Proposed Transaction Highlights - The acquisition involves a lease agreement covering approximately 6,742 acres of mineral rights in Michigan, targeting non-hydrocarbon gases [1][7] - The total value of the transaction is US$80,000, to be satisfied entirely by the issuance of new Pulsar common shares, preserving cash for ongoing projects [6][7] Strategic Rationale - The mineral rights in Michigan are located in a geologic setting similar to Pulsar's Topaz helium project in Minnesota, which is beneficial for helium exploration [4][5] - Pulsar's expertise in identifying helium migration pathways and subsurface structures will be leveraged to explore new resources in Michigan [5] Terms of the Proposed Transaction - The term sheet outlines that the acquisition is subject to customary conditions, including due diligence and regulatory approvals, with a 60-day exclusivity period for finalizing documentation [9] - The acquisition is non-binding, with no assurance that a definitive agreement will be reached [9] Company Background - Hybrid Hydrogen Inc. is an early-stage exploration company with no current revenue or proven reserves, indicating that the acquisition may not have a material near-term impact [10] - Pulsar Helium Inc. is publicly traded and focuses on helium projects, including its flagship Topaz project in Minnesota and the Tunu project in Greenland [13]
Pulsar Helium Announces Proposed Acquisition of Michigan Helium Exploration Assets
Globenewswire· 2025-10-27 06:00
Core Viewpoint - Pulsar Helium Inc. has signed a non-binding term sheet to acquire 100% of Hybrid Hydrogen Inc. in an all-share transaction, marking its first entry into Michigan's Upper Peninsula and expanding its helium exploration portfolio [1][3][6] Summary by Sections Proposed Transaction Highlights - The acquisition involves a lease agreement covering approximately 6,742 acres of mineral rights in Michigan, targeting non-hydrocarbon gases [1][7] - The total value of the transaction is US$80,000, to be satisfied entirely by the issuance of new Pulsar common shares, preserving cash for ongoing projects [6][7] Strategic Rationale - The mineral rights in Michigan are located in a geologic setting similar to Pulsar's Topaz helium project in Minnesota, which is beneficial for helium exploration [4][5] - Pulsar's expertise in identifying helium migration pathways and subsurface structures will be leveraged to explore new resources in Michigan [5] Terms of the Proposed Transaction - The transaction is structured as an all-share deal, with the final number of shares to be determined based on a mutually agreed pricing mechanism [6][7] - Completion is subject to customary conditions, including due diligence and regulatory approvals, with a 60-day exclusivity period for finalizing documentation [9] Company Background - Hybrid is an early-stage exploration company with no current revenue or proven reserves, indicating that the acquisition may not have an immediate material impact [10] - Pulsar Helium Inc. is publicly traded and focuses on helium projects, including its flagship Topaz project in Minnesota and the Tunu project in Greenland [13]
Helium Evolution Announces First Commercial Sales of Helium
Globenewswire· 2025-10-16 21:00
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]
Pulsar Helium Announces Helium-3 Discovery at Jetstream #1, Topaz Project, Minnesota
Globenewswire· 2025-10-01 13:16
Core Insights - Pulsar Helium Inc. has announced a significant discovery of helium-3 at its Topaz Project in Minnesota, with laboratory results indicating sustained helium-3 concentrations of up to 14.5 parts per billion (ppb) in produced gas, marking it as one of the highest accumulations of naturally occurring helium-3 in a terrestrial gas reservoir globally [3][4][6] Group 1: Discovery and Significance - The helium-3 concentration of 14.5 ppb positions the Topaz Project among the highest levels reported in terrestrial reservoirs, highlighting its exceptional nature [3][6] - Helium-3 is extremely valuable, with market prices reaching up to US$18.7 million per kilogram, significantly more than common helium-4, which underscores the strategic importance of this discovery [4][15] - The isotopic ratio of helium-3 to helium-4 in the Jetstream 1 well is consistently about 0.09 Rₐ, indicating a stable and homogeneous helium source [6][9] Group 2: Comparison with Other Sources - Pulsar's helium-3 discovery greatly exceeds previous findings by other companies, such as a recent Australian discovery that reported helium-3 in the sub-ppb range, emphasizing the unique geological characteristics of the Topaz Project [6][14] - The helium-3 levels found at Topaz are comparable to or potentially exceed average concentrations found on the Moon, which is being targeted for extraction by NASA and the U.S. Government [5][8] Group 3: Applications and Market Potential - Helium-3 is crucial for advanced technologies, including fusion energy reactors, quantum computing, and neutron detection devices, making its discovery strategically significant for various industries [7][16] - The potential for commercial applications of helium-3 spans sectors from clean energy to national security, indicating a broad market opportunity for Pulsar Helium [18][19] Group 4: Project Development - The Topaz Project is positioned as a leading helium source, with ongoing drilling campaigns aimed at expanding the understanding of the helium reservoir and increasing production capacity in response to global demand [20][24] - Pulsar is actively seeking partnerships to develop methods for helium-3 separation, which could enhance the commercial viability of this resource [19][20]
Pulsar Helium announces Helium-3 Discovery at Jetstream #1, Topaz Project, Minnesota
Globenewswire· 2025-10-01 06:00
Core Insights - Pulsar Helium Inc. has made a significant discovery of helium-3 at its Topaz Project in Minnesota, with laboratory results showing sustained concentrations of up to 14.5 parts per billion (ppb) in produced gas, marking it as one of the highest accumulations of naturally occurring helium-3 in a terrestrial gas reservoir globally [1][6][13] Summary by Sections Helium-3 Discovery - The Jetstream 1 well at the Topaz Project has revealed helium-3 concentrations ranging from 1.3 to 14.5 ppb, indicating a high-grade helium source [6][8] - The isotopic ratio of helium-3 to helium-4 in the gas is consistently about 0.09 Rₐ, suggesting a stable and homogeneous helium source [8][12] Economic and Strategic Value - Helium-3 is extremely valuable, with market prices reaching up to US$18.7 million per kilogram, significantly higher than common helium-4 [2][14] - The discovery positions Pulsar as a potential supplier of helium-3, which is critical for advanced technologies such as fusion energy, quantum computing, and neutron detection [15][17] Comparison with Other Sources - Pulsar's helium-3 levels exceed those found in recent discoveries by other companies, such as a peer in Australia that reported sub-ppb levels [13][19] - The helium-3 concentrations at Topaz are comparable to or potentially exceed average lunar concentrations, highlighting the strategic importance of this terrestrial source [3][16] Future Developments - Pulsar plans to conduct a multi-well drilling campaign at Topaz to further explore the helium reservoir and enhance its production capabilities in response to growing global demand [19][22] - The company is actively seeking partnerships for helium-3 separation technologies to produce helium-3 as a pure product [18][22]
Helium Evolution Secures Offtake Agreement
Globenewswire· 2025-09-29 22:00
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].
Helium One Global Ltd Announces Southern Rukwa Helium Project Update
Accessnewswire· 2025-09-22 06:00
Core Insights - Helium One Global is advancing its southern Rukwa Helium Project with significant operational updates [1] Group 1: Project Developments - A purchase agreement has been executed for Electrical Submersible Pump (ESP) and associated equipment [1] - Equipment will be supplied by the CenerTech Group, a subsidiary of the Chinese National Offshore Company (CNOOC) [1] - Civil works have commenced at the site for water disposal during ESP operations [1] - The company is on track to commence ESP operations at ITW-1 in Q4 2025 [1] Group 2: Management Commentary - Lorna Blaisse, Chief Executive Officer, expressed satisfaction with the progress towards the next operational phase of development at ITW-1 in southern Rukwa [1]