CALGARY, Alberta, Aug. 26, 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 that it has entered into an agreement with ENEOS Xplora Inc. (“ENEOS Xplora”) through its affiliated company, ENEOS Xplora USA Limited (“ENEOS USA”), pursuant to which ENEOS USA has agreed to purchase a convertible note with a face value of $8.3 million (the “Note”). T ...

Core Viewpoint - Pulsar Helium Inc. has signed an agreement with Sproule-ERCE to conduct a Pre-Feasibility Study for the Tunu helium-geothermal project in East Greenland, marking a significant milestone for the company as it advances one of the few primary helium occurrences in Europe [1][2]. Company Overview - Pulsar Helium Inc. is a leading helium project development company, publicly traded on the AIM market of the London Stock Exchange and the TSX Venture Exchange, with a focus on helium and geothermal energy projects [11]. - The company holds exclusive rights for helium exploration in Greenland, being the first to receive a license for helium exploration in the country [6]. Tunu Project Details - The Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit, and is notable for helium concentrations in sampled hot springs reaching up to 0.8% [5]. - The project also shows significant geothermal energy prospects, with reservoir temperatures estimated between 80°C and 110°C, allowing for potential cogeneration of power and heat [5]. - A passive seismic survey conducted in 2024 identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium [6]. Pre-Feasibility Study (PFS) - The PFS will evaluate existing geothermal opportunities alongside potential helium extraction, utilizing advanced geophysical data interpretation [7]. - The study is led by Sproule-ERCE, which has a strong track record in geothermal resource assessment and project development, having supported over 200 megawatt (MWth) of geothermal heat capacity globally [7]. - The PFS is scheduled for completion by the end of August 2025, providing a robust technical and economic foundation for future project decisions [7]. Strategic Importance - The Tunu project is positioned to support Europe's critical raw materials and clean energy ambitions, with the potential for renewable geothermal power for the local community [4][6]. - The project's location allows for efficient transport of helium to the European market, enhancing its strategic value [6].

Core Viewpoint - Pulsar Helium Inc. has signed an agreement with Sproule-ERCE to conduct a Pre-Feasibility Study for the Tunu helium-geothermal project in East Greenland, marking a significant milestone for the company as it advances one of the few primary helium occurrences in Europe [1][2]. Company Overview - Pulsar Helium Inc. is a leading helium project development company, publicly traded on the AIM market, TSX Venture Exchange, and OTCQB [11]. - The company holds exclusive rights for helium exploration in Greenland and has identified primary helium occurrences not associated with hydrocarbons [6][11]. Tunu Project Details - The Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit, and features helium concentrations in hot springs reaching up to 0.8% [5]. - The project also shows significant geothermal energy potential, with reservoir temperatures estimated between 80°C and 110°C, allowing for potential cogeneration of power and heat [5]. - A passive seismic survey conducted in 2024 identified two main low-velocity anomaly zones, indicating potential helium trapping reservoirs [6]. Pre-Feasibility Study (PFS) - The PFS will evaluate geothermal opportunities alongside potential helium extraction, utilizing advanced geophysical data interpretation [7]. - Sproule-ERCE, with a strong track record in geothermal resource assessment, will lead the study, which is expected to be completed by the end of August 2025 [7]. - The PFS aims to provide a robust technical and economic foundation for future project decisions [7]. Licensing and Regulatory Status - Pulsar holds Special Mineral Exploration Licence 2021-45 and has applied for an exclusive exploration licence for part of the licence area, which is currently in 'License Pending' status [8]. - The new licence will have an initial term of five years, extendable to a maximum of 22 years, subject to certain conditions [8].

Core Viewpoint - Helium Evolution Incorporated has successfully closed the second tranche of a strategic private placement, raising a total of $4.8 million through two private placements to support its helium exploration efforts in southern Saskatchewan [1][3]. Group 1: Private Placement Details - The recent private placement involved the issuance of 10,683,579 units at a price of $0.19 per unit, generating gross proceeds of $2.0 million [2]. - Insiders subscribed for 1,161,579 units in this private placement, with each unit consisting of one common share and one half of a common share purchase warrant [2]. - The warrants allow holders to purchase one common share at $0.305 for one year from the closing date of May 30, 2025, with an acceleration feature if the share price exceeds $0.57 for a 30-day period after six months [2]. Group 2: Previous Private Placement - The previous private placement raised $2.8 million, consisting of two closings: the first on March 17, 2025, with 7,040,000 units at $0.17 per unit for $1.2 million, and the second on April 4, 2025, with 9,217,000 units at $0.17 per unit for $1.6 million [3]. - Each unit in the previous placement also included one common share and one half of a common share purchase warrant, with warrants priced at $0.27 for one year from their respective closing dates [3]. Group 3: Company Overview - Helium Evolution is a Canadian 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 [5]. - The company aims to become a leading supplier of sustainably-produced helium to meet the growing global demand [5].

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].

Core Viewpoint - Helium Evolution Incorporated (HEVI) reported its Q1 2025 financial results, highlighting a net loss and ongoing operational developments in helium exploration in southern Saskatchewan [1][3][4]. Financial Summary - The net loss for the three months ended March 31, 2025, was CAD 675,000, compared to CAD 239,000 for the same period in 2024 [3]. - Net loss per share increased to CAD 0.01 from CAD 0.00 year-over-year [3]. - Cash reserves decreased to CAD 3.0 million from CAD 5.3 million in the previous year [3]. - Working capital also declined to CAD 1.97 million from CAD 4.99 million [3]. - Total assets increased slightly to CAD 11.68 million from CAD 11.29 million, while total liabilities rose to CAD 1.5 million from CAD 872,000 [3]. Operational Highlights - During Q1 2025, HEVI drilled four wells in the Mankota area, with two wells discovering helium [6]. - The company, in partnership with North American Helium Inc. (NAH), has drilled a total of six helium discovery wells to date, indicating strong potential in the region [6]. - HEVI and NAH are advancing development plans, including the Soda Lake Facility, expected to be operational in Q4 2025, which will facilitate the tie-in of multiple wells and initiate helium sales [7]. Strategic Positioning - HEVI holds the largest helium land rights position among publicly traded companies in North America, with over five million acres under permit in southern Saskatchewan [9]. - The company aims to become a leading supplier of sustainably-produced helium to meet the growing global demand [9].