Helium Evolution’s Farmout Well Encounters Helium, Proceeding With Completion and Testing
September 25 2023 - 4:00PM
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 its farm-in partner,
North American Helium Inc. (“
NAH”), has
successfully completed drilling and casing of the first joint well
at 2-31-2-8W3 (“
Joint Well #1”), on lands within
Block 1 at Mankota in Saskatchewan. NAH will complete, test and
evaluate the well in the coming weeks to confirm the presence of
helium and assess commerciality of the potential helium discovery.
Stay Connected to Helium
EvolutionShareholders and other parties interested in
learning more about the Helium Evolution opportunity are encouraged
to visit the Company’s website, which includes the Company’s
current corporate presentation, and are invited to follow the
Company on LinkedIn and Twitter for ongoing corporate updates and
helium industry information. Helium Evolution also provides an
extensive, commissioned ‘deep-dive’ research report prepared by a
third party whose background includes serving as a research analyst
for several bank-owned and independent investment dealers. In
addition to recent media articles, HEVI maintains a profile on the
Investing News Network platform, where further information,
editorial pieces and industry reviews are available.
About Helium Evolution
IncorporatedHelium Evolution is a Canadian-based helium
exploration company holding the largest helium land rights position
in North America among publicly-traded companies, focused on
developing assets in southern Saskatchewan. The Company has over
five million acres of land under permit near proven discoveries of
economic helium concentrations which will support scaling the
exploration and development efforts across its land base. HEVI’s
management and board are executing a differentiated strategy to
become a leading supplier of sustainably-produced helium for the
growing global helium market.
For further information, please
contact:
Greg Robb, President and
CEOKristi Kunec, CFO |
Phone: 1-587-330-2459Email: info@heliumevolution.caWeb:
http://www.heliumevolution.ca/ |
Cindy Gray, Investor
Relations |
info@5qir.com | 1-403-705-5076 |
Statement
Regarding Forward-Looking
InformationThis news release contains statements
that constitute "forward-looking statements." Such forward looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements,
or developments in the industry to differ materially from the
anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Forward looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates,"
"projects," "potential" and similar expressions, or that events or
conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document
include statements regarding the timing of completion, testing and
evaluation of Joint Well #1, the Company’s expectation regarding
the presence of helium and commerciality of Joint Well #1, the
Company's expectations regarding the Company becoming a leading
supplier of sustainably-produced helium, the Company's beliefs
regarding growth of the global helium market and other statements
that are not historical facts. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors and risks
include, among others: NAH may be unsuccessful in drilling
commercially productive wells, NAH may defer the completion of
Joint Well #1; the Company may elect not to participate in the
completion operation for Joint Well #1; the Company may choose to
defer, accelerate or abandon its drilling plans; new laws or
regulations and/or unforeseen events could adversely affect the
Company’s business and results of operations; stock markets have
experienced volatility that often has been unrelated to the
performance of companies and such volatility may adversely affect
the price of the Company's securities regardless of its operating
performance; risks generally associated with the exploration for
and production of resources; the uncertainty of estimates and
projections relating to expenses; constraint in the availability of
services; commodity price and exchange rate fluctuations; adverse
weather or break-up conditions; and uncertainties resulting from
potential delays or changes in plans with respect to exploration or
development projects or capital expenditures.
When relying on forward-looking statements and
information to make decisions, investors and others should
carefully consider the foregoing factors and risks other
uncertainties and potential events. The Company has assumed that
the material factors referred to in the previous paragraphs will
not cause such forward-looking statements and information to differ
materially from actual results or events. However, the list of
these factors is not exhaustive and is subject to change and there
can be no assurance that such assumptions will reflect the actual
outcome of such items or factors. The reader is cautioned not to
place undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news
release. The Company does not intend, and expressly disclaims any
intention or obligation to, update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Helium Evolution (TSXV:HEVI)
Historical Stock Chart
From Dec 2024 to Jan 2025
Helium Evolution (TSXV:HEVI)
Historical Stock Chart
From Jan 2024 to Jan 2025