Helium Evolution Provides Operations Update
09 Januar 2024 - 11:00PM
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
partner, North American Helium Inc. (“
NAH”), has
spud the previously announced farm-out well located at 9-35-3-9W3
(“
Test Well Area #1”). NAH is responsible for 100%
of the drilling costs for Test Well Area #1, while HEVI retains a
20% working interest in that well. Test Well Area #1 is
approximately four kilometres south of the NAH producing helium
pool at Mankota in Saskatchewan and approximately 11 kilometres
northeast of HEVI’s helium discovery at 2-31-2-8W3 (“
Joint
Well #1”), as announced on November 21, 2023.
HEVI also reports that completion operations for
the well located at 9-18-3-8W3 (“Joint Well #2”),
in which the Company maintains a 20% working interest, have
commenced. Upon conclusion of the completion, testing and
evaluation activities, HEVI will provide a further update on the
performance of Joint Well #2.
HEVI wishes to thank all shareholders and
stakeholders for their continued support and looks forward to
providing future updates on its exploration and development
activities throughout 2024.
Stay Connected to Helium
Evolution
Shareholders and other parties interested in
learning more about the Helium Evolution opportunity are encouraged
to visit the Company’s website, which includes an updated 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
Incorporated
Helium 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 & CEOKristi Kunec, CFO |
Phone: 1-587-330-2459Email:
info@heliumevolution.caWeb: https://www.heliumevolution.ca/ |
|
|
Cindy Gray, Investor
Relations |
heviinfo@5qir.com |
1-403-705-5076 |
|
|
Statement
Regarding Forward-Looking
Information
This 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 Company’s expectations regarding
the Company becoming a leading supplier of sustainably-produced
helium, future updates on exploration and development activities,
timeline of the completion, testing and evaluation stage for Joint
Well #2 and the success thereof, success of the drilling of Test
Well Area #1, statements around the helium discovery at Joint Well
#1, 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; the
Company or NAH may choose not to bring Joint Well #1 onto
production; the Company or NAH may abandon or defer plans for the
completion, testing and evaluation of Joint Well #2; the Company or
NAH may abandon or defer the drilling of Test Well Area #1; 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 and the Company’s working capital
position; 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.
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