Helium Evolution Provides New Update on Helium Production Facility
CALGARY, Alberta, May 27, 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 a major development that advances the Company’s path toward commercial helium production.
North American Helium Inc. (“NAH”) has notified the Company of its intention to construct and operate a 12 million standard cubic feet per day (raw gas volumes) helium processing facility in the Mankota area, to be located at 1-2-4-9W3 (the “Soda Lake Facility”). The Soda Lake Facility is expected to be operational in the fourth quarter of 2025 and will initially tie-in three helium wells through a dedicated pipeline gathering system.
“The addition of the Soda Lake Facility marks a transformational milestone for Helium Evolution,” said Greg Robb, President and CEO of HEVI. “This strategic infrastructure unlocks long-term value from our Mankota assets and reinforces our confidence in the region’s helium potential. We are excited to move forward with our partners at NAH to advance commercial production and deliver value for our shareholders.”
HEVI is pleased to confirm its participation in the Soda Lake Facility and related gathering system infrastructure. The estimated total cost for HEVI’s 20% working interest share of the Soda Lake Facility is approximately $5.2 million. The Soda Lake Facility investment is supported by HEVI’s working capital position as supplemented by its recent financing; however, the Company may access debt or equity markets in the future to support continued growth.
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 X 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.
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 & CEO Kristi Kunec, CFO | Phone: 1-587-330-2459 Email: info@heliumevolution.ca Web: https://www.heliumevolution.ca/ |
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 anticipated start date of the Soda Lake Facility, the cost of the Soda Lake Facility and related gathering system infrastructure, tie in or three wells, helium-rich potential of the Mankota region, gas volumes processed through the Soda Lake Facility, accessing debt and/or equity markets, the Company 's expectations regarding the Company becoming a leading supplier of sustainably-produced helium, the Company’s working capital position and recent financings, 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; drill costs may be higher or lower than estimates; NAH may defer, abandon or accelerate the construction of the Soda Lake Facility and/or the pipeline gathering system; the Company/NAH may not tie in three wells; the Company may not be able to access debt or equity markets in the future; raw gas processed volumes may be less than stated; the Mankota region may not be helium-rich the helium sector may not be promising; new laws or regulations and/or unforeseen events could adversely affect the Company’s business and results of operations; recent financings may not close; 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 as well as 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 press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press 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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