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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, Oct. 01, 2025 (GLOBE N ...

CALGARY, Alberta, Sept. 29, 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 the signing of a helium offtake agreement (the “Offtake Agreement”) for the Company’s upcoming share of production from the Soda Lake Facility in the Mankota area of Saskatchewan. HEVI holds a 20% working interest in the Soda Lake Facility, which is in the final stage ...

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]

Core Viewpoint - Helium Evolution Incorporated has announced the resignation of its President & CEO, Greg Robb, and appointed Jim Baker as Interim CEO as part of a transition initiative [1][3]. Company Overview - Helium Evolution is a Canadian-based helium exploration company holding the largest helium land rights position in North America among publicly-traded companies, with over five million acres of land under permit in southern Saskatchewan [6]. Leadership Transition - Greg Robb, co-founder and CEO since inception, has resigned after a significant career, having built the company's foundation and secured major joint venture partnerships [2][4]. - Jim Baker, with over 40 years of resource development experience, has been appointed as Interim CEO, bringing a proven track record in building and financing resource companies [3]. Strategic Positioning - The company is positioned at the threshold of near-term production, shifting from exploration to development and production, leveraging Robb's legacy as a foundation for future growth [2][3].

Core Insights - Helium One Global is progressing with the Galactica Project in Colorado, with initial facility development on track [1] - Site preparatory work for the project is largely complete, indicating a steady advancement [1] - First helium production is scheduled for December, aligning with the project timeline [1] Company Updates - Helium One Global holds a 50% working interest in the Galactica-Pegasus helium development project [1] - The company is the primary helium explorer in Tanzania, highlighting its strategic positioning in the helium market [1] Industry Context - The Galactica Project is part of a broader trend in helium exploration and production, responding to increasing demand for helium [1] - The successful development of helium projects like Galactica is crucial for meeting future supply needs in various industries [1]

Core Viewpoint - Helium Evolution Incorporated is progressing towards the completion of its Soda Lake Facility, which is over 95% complete and designed to process 12 million standard cubic feet of raw gas per day, with operations expected to start in early Q4 2025 [2][3][4]. Company Overview - Helium Evolution is a Canadian helium exploration company with the largest helium land rights position in North America among publicly traded companies, focusing on southern Saskatchewan [6]. - The company holds over five million acres of land under permit near proven helium concentrations, supporting its exploration and development efforts [6]. Operational Update - The Soda Lake Facility, a joint project with North American Helium Incorporated, is nearing completion, with construction of wellsite metering facilities and pipeline infrastructure expected to take about one month [2][3]. - The company has a 20% working interest in the Soda Lake Facility and related gathering system, representing an investment of approximately $5.3 million, fully funded through an $8.3 million convertible note issuance completed on August 29, 2025 [4]. Future Outlook - The startup of the purification facility and connected wells is on track for early in the fourth quarter of 2025, indicating a positive trajectory for the company's operational capabilities [3][4].

Core Viewpoint - Pulsar Helium Inc. has signed a non-binding term sheet to acquire up to 100% of Quantum Hydrogen Inc. in an all-share transaction, which is expected to significantly expand its helium exploration footprint in Minnesota by approximately 1,000% [1][3][5] Strategic Rationale for the Proposed Transaction - The acquisition will provide additional non-hydrocarbon gas leases in Minnesota, complementing Pulsar's existing portfolio and expanding its exploration area near the Topaz project [3][4] - The mineral rights are located in a sedimentary basin with geological traits similar to the Topaz project, which could potentially host helium accumulations [4][5] - Pulsar aims to leverage its subsurface knowledge and experience in identifying helium migration pathways to explore the newly acquired acreage [4][5] Terms of the Transactions - The term sheet includes a 120-day exclusivity period for the parties to execute a definitive agreement [5][7] - Pulsar will acquire 80% of Quantum's issued share capital through the issuance of new common shares, with a total consideration of US$400,000, paid in five equal monthly tranches [7][9] - Pulsar retains the right to acquire the remaining 20% of Quantum within 18 months for an additional US$400,000 in shares [7][9] Current Operations and Future Plans - The Topaz project has shown promising results, with a recent flow test at the Jetstream 1 well delivering a peak gas flow rate of approximately 1.3 million cubic feet per day of dry, helium-rich gas [11] - A multi-well drilling campaign at Topaz is set to commence in late September 2025 to further define the reservoir and enhance production capabilities [11]

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].

Core Viewpoint - Helium Evolution Incorporated (HEVI) has secured a strategic financing agreement with ENEOS Xplora Inc. for a convertible note valued at $8.3 million, increasing ENEOS Xplora's total investment in HEVI to $12.8 million, which will support HEVI's operations and growth in the helium sector [1][3]. Financing Details - The proceeds from the convertible note will fund HEVI's 20% working interest in the Soda Lake Facility and support drilling activities in the Mankota area, with operations expected to commence in Q4 2025 [2]. - The financing is set to close on August 29, 2025, and the note is convertible into common shares at a minimum price of $0.205 per share, subject to certain milestones [4][5]. Production and Royalties - HEVI has granted ENEOS USA a gross overriding royalty (GORR) on production from three designated wells tied into the Soda Lake Facility, structured on a sliding scale based on gross sales [6][9]. - The GORR includes 5% of gross sales in the first year, decreasing to 2% thereafter, which aligns with HEVI's production strategy [9]. Strategic Importance - This financing is viewed as a significant step in HEVI's growth trajectory, enhancing its financial foundation and positioning the company as a near-term helium producer [3]. - The Soda Lake Facility is considered a cornerstone project that will provide stable processing capacity and growth opportunities for shareholders [3]. Company Background - Helium Evolution is recognized as holding the largest helium land rights position in North America among publicly traded companies, with over five million acres under permit in southern Saskatchewan [14]. - The company aims to become a leading supplier of sustainably-produced helium to meet the growing global demand [14].