Helium Evolution Announces Farmout Well Spud at Fox, Six Months Prior to Deadline
19 Septembre 2023 - 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
farm-in partner, North American Helium Inc.
(“
NAH”), has spud the previously announced well
located at 11-13-13-29W3 (“
Test Well #4”) on
farmout lands within Block 3 at Fox in Saskatchewan, pursuant to
the farm-out agreement announced on October 21, 2022. Test
Well #4 was originally scheduled to be spud before March 31, 2024
and today’s spud date represents an acceleration of six months.
NAH is responsible for 100% of the drilling
costs for Test Well #4, while HEVI retains a 20% working interest
in that well, supporting the Company’s continued financial
flexibility and capital conservation.
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 |
info@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, the Company’s working capital position and financial
flexibility, 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; 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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