Helium Exploration and Production
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Global Helium Corp. Announces Completion of Plan of Arrangement and Go-Private Transaction
Globenewswire· 2025-10-31 20:30
Core Points - Global Helium Corp has completed its acquisition by 2679158 Alberta Ltd under a plan of arrangement, acquiring all issued and outstanding shares of the Company [1] - Shareholders holding 31,190,215 shares opted for cash consideration totaling $1,559,510.75, while 32,299,621 shares were exchanged for common shares in the Purchaser [2] - The Arrangement Resolution was approved with approximately 97.4% of votes in favor during the annual general and special meeting held on October 16, 2025 [3] - A final court order approving the Arrangement was obtained on October 23, 2025 [4] - The Company's Class A Common Shares are expected to be delisted from the Canadian Securities Exchange and OTC Pink Markets in the first week of November 2025 [5] Additional Information - Global Helium Corp is focused on helium exploration, acquisition, development, and production, with a unique farm-in agreement allowing access to approximately 369,000 acres in Alberta's Manyberries helium trend [7]
Global Helium Corp. Waives Proxy Voting Cut-Off Time for Upcoming Meeting of Shareholders and Extends Election Deadline for Plan of Arrangement
Globenewswire· 2025-10-15 02:19
Core Points - Global Helium Corp. has announced changes to proxy voting and share exchange deadlines due to a postal strike affecting Canada Post services [1][2][3] Proxy Voting and Meeting Details - The annual and special meeting of shareholders is scheduled for October 16, 2025, at 11:00 a.m. Calgary time, with a new proxy voting cut-off time set for October 16, 2025, at 9:00 a.m. Calgary time [1][3] - Shareholders will consider a special resolution for a proposed plan of arrangement where the Purchaser will acquire all issued and outstanding securities of the Company [3] Shareholder Considerations - Common shareholders will receive cash consideration of $0.05 per common share, with options for those holding over 250,000 shares to elect for Purchaser Shares instead [4] - Preferred shareholders will also receive $0.05 per preferred share plus accrued unpaid dividends, with similar options for those exceeding 250,000 Purchaser Shares [5] Documentation and Communication - Eligible shareholders are advised to refer to the Management Information Circular for details on electing to receive Purchaser Shares [6] - The Circular and related materials have been filed on SEDAR+ and are available on the Company's website [7][8]
Helium Evolution Announces Start-Up of Soda Lake Helium Purification Facility
Globenewswire· 2025-10-06 21:00
Core Insights - Helium Evolution Incorporated (HEVI) has completed the commissioning of its Soda Lake helium processing facility, marking a significant transition from exploration to active production [1][2] - The Soda Lake Facility is designed to process 12 million standard cubic feet per day of raw gas, with HEVI holding a 20% working interest in the joint project with North American Helium [2] - The company aims to leverage its extensive land position in southern Saskatchewan, which exceeds five million acres, to become a leading supplier of sustainably-produced helium [4] Company Developments - The start-up of the Soda Lake Facility is seen as a pivotal moment for HEVI, expected to generate meaningful cash flow and long-term value for shareholders [2] - The facility will initially source production from three helium wells connected through a dedicated pipeline gathering system [2] - Management is focused on advancing development plans in one of North America's most promising helium districts [3] Industry Position - HEVI holds the largest helium land rights position among publicly-traded companies in North America, which supports its exploration and development efforts [4] - The company is positioned to capitalize on the growing global helium market, emphasizing a differentiated strategy for sustainable production [4]
Global Helium Corp. Provides Update Due to Postal Strike on Mailing of Circular for Upcoming Meeting of Shareholders for Plan of Arrangement
Globenewswire· 2025-10-03 21:27
Core Viewpoint - Global Helium Corp. is moving forward with a proposed arrangement to be acquired by 2679158 Alberta Ltd., with a special resolution to be voted on by shareholders at an upcoming meeting on October 16, 2025 [1][8]. Group 1: Proposed Transaction Details - The Purchaser will acquire all issued and outstanding Common Shares for cash consideration of $0.05 per share, with options for shareholders holding over 250,000 shares to receive Purchaser Shares instead [2]. - Preferred Shares will also be acquired for $0.05 per share plus accrued unpaid dividends, with similar options for eligible shareholders [3]. - The Arrangement is subject to shareholder approval and is anticipated to be completed around October 24, 2025, pending the final court order [8]. Group 2: Meeting and Voting Information - The management information circular and related materials have been sent to shareholders, and the meeting will be held in Calgary [1][5]. - Shareholders wishing to elect to receive Purchaser Shares must complete a letter of transmittal by October 14, 2025 [4]. - Supporting Shareholders, holding approximately 52.5% of the shares, have agreed to vote in favor of the Arrangement Resolution [9]. Group 3: Communication and Delivery - Due to a national postal strike, the Company will provide the circular and related materials via email to non-registered shareholders upon request [6]. - Registered shareholders are advised to contact the Company for proxy forms to vote at the meeting [7].
Global Helium Corp. Confirms Mailing of Circular for Upcoming Meeting of Shareholders for Plan of Arrangement
Globenewswire· 2025-09-25 16:10
Core Viewpoint - Global Helium Corp. is moving forward with a proposed arrangement to be acquired by 2679158 Alberta Ltd., with a special resolution to be voted on by shareholders at an upcoming meeting on October 16, 2025 [1][4]. Group 1: Arrangement Details - The management information circular has been mailed to shareholders, detailing the proposed arrangement and encouraging shareholder participation in the vote [2]. - An interim order was granted by the Court of King's Bench of Alberta on September 4, 2025, related to the arrangement [3]. - Approval of the arrangement requires a 66⅔% affirmative vote from shareholders present at the meeting, along with a simple majority excluding certain votes as specified [4]. Group 2: Board and Committee Actions - The arrangement agreement was the result of a comprehensive review and negotiation process led by a special committee of independent directors [5]. - The board of directors unanimously approved the arrangement, with one director abstaining due to a conflict of interest, and determined it to be fair to shareholders [6]. Group 3: Shareholder Support - Directors, officers, and certain shareholders collectively holding approximately 52.5% of the shares have entered into voting support agreements to vote in favor of the arrangement [8]. Group 4: Timeline and Conditions - The arrangement is targeted for completion around October 24, 2025, pending satisfaction of remaining conditions [7].
Pulsar Helium Reports Jetstream #1 Flowing Over 1.3 Million Cubic Feet Per Day and Launches Multi-Well Drilling Program at Topaz
Globenewswire· 2025-08-26 06:00
Core Viewpoint - Pulsar Helium Inc. is advancing its Topaz helium project in Minnesota, having secured a drilling contract with Timberline Drilling Inc. to drill up to ten wells, with operations expected to start in late September 2025. Recent flow testing results from the Jetstream 1 well indicate significant helium production potential, flowing over 1.3 million cubic feet per day under compression, highlighting the reservoir's exceptional capabilities [1][3][5]. Operational Update - The company has executed a Master Services Agreement with Timberline Drilling Inc. for a core drilling program at the Topaz project, targeting helium-bearing formations at depths of approximately 3,937 feet (1,200 meters) [4][5]. - Drilling is set to begin in late September 2025, with continuous operations planned to efficiently complete the program [5][6]. - The Jetstream 1 well achieved a peak gas flow rate of approximately 1.3 million cubic feet per day (MMcf/d) during flow testing, confirming a clean, helium-bearing gas stream with no formation water [5][10]. Drilling Program Details - The drilling program aims to delineate the extent and productivity of the helium reservoir at Topaz, with up to ten wells planned to provide flexibility in targeting optimal production areas [8]. - Pulsar has budgeted for the program and made an advance payment of US$70,000 for the blowout preventer to secure rig and crew availability [8]. - All necessary permits are in place for the initial three well locations [8]. Flow Test Results - Jetstream 1 was flow-tested with a peak gas flow rate of approximately 1.3 million cubic feet per day, significantly exceeding previous benchmarks [10][11]. - Jetstream 2 exhibited an initial gas flow of roughly 40–50 thousand cubic feet per day, with a strong initial shut-in pressure, indicating high reservoir potential despite some flow restrictions [12][14]. Strategic Partnerships - Pulsar is collaborating with Chart Industries to model production scenarios for helium and co-produced CO₂, utilizing data from Jetstream 1 to guide the design of gas processing and liquefaction equipment [11][12].
Pulsar Helium Reports Jetstream #1 Flowing Over 1.3 Million Cubic Feet Per Day and Launches Multi-Well Drilling Program at Topaz
GlobeNewswire News Room· 2025-08-26 06:00
Core Viewpoint - Pulsar Helium Inc. is advancing its Topaz helium project in Minnesota, having secured a drilling contract with Timberline Drilling Inc. to drill up to ten wells, with operations expected to start in late September 2025. Recent flow testing results from the Jetstream 1 well indicate significant helium production potential, flowing over 1.3 million cubic feet per day under compression, highlighting the project's viability and the company's strategic direction towards helium production [1][3][10]. Drilling Program - The company has entered a Master Services Agreement with Timberline Drilling Inc. for a core drilling program at the Topaz project, targeting helium-bearing formations at depths of approximately 3,937 feet (1,200 meters) [4][8]. - Drilling is set to begin in late September 2025, with continuous operations planned to efficiently complete the program [5][8]. - The drilling program aims to delineate the extent and productivity of the helium reservoir, with up to ten wells providing flexibility to adjust locations based on results [8]. Flow Testing Results - Jetstream 1 well achieved a peak gas flow rate of approximately 1.3 million cubic feet per day (MMcf/d) under wellhead compression, confirming a clean, helium-bearing gas stream with no formation water [10][11]. - Jetstream 2 well exhibited an initial gas flow of roughly 40–50 thousand cubic feet per day (Mcf/d) and a high initial shut-in pressure, indicating strong reservoir potential despite some flow restrictions [12]. Strategic Partnerships - The company is collaborating with Chart Industries to model production scenarios for helium and co-produced CO₂, utilizing data from Jetstream 1 to guide the design of gas processing and liquefaction equipment [11][12]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and is the first mover in the region, with helium concentrations identified significantly above the economic threshold [13][14].
Total Helium Announces Effective Date of Name Change and Consolidation
Newsfile· 2025-05-08 12:45
Core Points - The company formerly known as Total Helium Ltd. will change its name to Altura Energy Corp. and implement a consolidation of its common shares at a ratio of ten pre-consolidation shares for one post-consolidation share, effective May 12, 2025 [1][2] - Following the consolidation, approximately 10,239,354 common shares will be issued and outstanding, and trading will commence under the new ticker symbol "ALTU" [2][1] - The company has 37,500,000 share purchase warrants outstanding, with specific details on the 2026 and 2028 warrants provided, including adjusted exercise prices and terms [4][9] Share Consolidation Details - The consolidation will result in every ten 2026 warrants being exercisable for one post-consolidation common share at an adjusted price of $20.00 per share, with the same number of warrants remaining outstanding [5][4] - The 2028 warrants will also adjust to allow every ten warrants to be exercisable for one post-consolidation common share at an adjusted price of $7.50 per share, with the number of outstanding warrants unchanged [9][4] Acceleration Clause - The original acceleration clause for the 2026 warrants has been adjusted, requiring a volume-weighted average trading price of $30.00 per post-consolidation common share for 20 consecutive trading days to trigger acceleration [6][5] - The company intends to amend the exercise price of the 2028 warrants to $0.25 per post-consolidation common share, subject to approval from warrant holders and the TSX Venture Exchange [10][9] Trading Information - The 2026 warrants will continue to be listed on the TSX Venture Exchange under the new ticker symbol "ALTU.WT" starting on the effective date [7][5] - The 2028 warrants are expected to remain delisted but will have a new CUSIP and ISIN [9][10]