Helium Evolution Offers Vital Replace on Manufacturing Services, Preliminary Outcomes of 5-30 Nicely, and Operations Replace

Three   and   Six   Months   Ended   June   30,   2024   Highlights:

¹ The weighted common variety of widespread shares excellent will not be elevated for excellent inventory choices and warrants when the impact is anti-dilutive.

In the course of the three and 6 months ended June 30, 2024, HEVI continued to execute on its targeted technique of growing the Firm’s 5.6 million acres of helium rights in southern Saskatchewan. With three current helium discoveries, HEVI has made appreciable progress on its final aim of manufacturing and promoting helium, producing money stream and driving constructive returns for shareholders. HEVI has remained dedicated to sustaining ongoing monetary flexibility, as evidenced by the Firm’s constructive working capital place of $4.7 million at June 30, 2024, excluding $0.8 million of tubing and casing that was pre-purchased however not but utilized.

Operations   Replace

HEVI can be happy to offer an operations replace, together with stimulation outcomes from the helium discovery effectively at 9-18-3- 8W3 (the ” 9-18 Nicely “) at Mankota, wherein HEVI maintains a 20% working curiosity alongside its accomplice and the operator of the 9-18 Nicely, North American Helium Inc. (” NAH “).

HEVI and NAH are strategically planning to embark on an bold drilling program, with as much as 9 joint growth wells (the ” New   Wells “) which are anticipated to construct on the three current helium discoveries within the Mankota space of Saskatchewan, every of which is described in additional element beneath. To this point, floor and environmental restrictions have prevented entry to sure elements of Mankota, leading to some deferrals of drilling, testing and different working actions within the space. Given this seasonal shift, go ahead growth at Mankota might be focused by way of the upcoming winter months, when restrictions are eased and entry allowed.

For context, the map proven right here demonstrates the positioning of every of HEVI’s helium discovery wells, future drilling targets and the processing facility licensed at 12-30-2-8W3 (the ” 12- 30 Facility “).

Helium   Discovery   –   9-18   Nicely

• Following stimulation in July 2024, the 9-18 Nicely achieved a final flowing price of 685 thousand customary cubic toes per day (” Mscf/d “) at 690 kilopascal (” kPa “) flowing tubing strain with a helium focus of 0.87%, a 12% enhance from the initially measured helium focus of 0.78%.
• Preliminary outcomes point out no formation water, which suggests a constructive outlook for the longer term productive potential of the effectively.
• A number of constructive strategic and geological developments have been offered by way of the 9-18 Nicely outcomes, together with:
  • Entice   affirmation : The existence of a lure, or cap rock, has been confirmed, which helps to additional derisk the Mankota land base and solidify the potential for future helium extraction;
  • A number of helium-bearing zones : Three distinct helium-bearing zones have been confirmed at Mankota, highlighting the wealthy helium potential throughout HEVI’s land base within the space;
  • Helium-charged fairway: A helium charged fairway, extending over 20 kilometers, has been recognized, emphasizing the intensive nature of helium deposits within the Mankota space; and
  • Validation of exploration methods: the 9-18 Nicely was drilled on a structural excessive, mirroring different profitable helium discoveries which were delineated downdip into onlapping sands, which have confirmed to be productive and industrial reservoirs.

Helium   Discovery   –   2-31   Nicely

• HEVI’s helium discovery effectively at 2-31-2-8W3 (” 2-31   Nicely “) examined at roughly 4,000 Mscf/d at 5,500 kPa flowing tubing strain with a helium focus of 0.95% after stimulation, greater than 3 times the 0.3% stage deemed commercially viable. Negligible volumes of water had been produced on the 2-31 Nicely, a constructive indication for helium restoration and processing.

Helium   Discovery   –   9-35   Nicely

• HEVI’s helium discovery effectively at 9-35-3-9W3 (” 9-35 Nicely “) stream examined at roughly 7,000 Mscf/d and 9,000 kPa flowing tubing strain with a helium focus of 0.64%.
• A strain transient evaluation (” PTA “) performed revealed additional constructive indications, as introduced on April   10, 2024 , indicating no reservoir strain depletion or reservoir boundaries which highlights a doubtlessly expansive and productive reservoir. The PTA additionally calculated an absolute open stream potential of 13.3 MMscf/d. Moreover, the absence of formation water in the course of the check interval is a good issue for helium restoration and processing.

New   Nicely   Drilling   and   Seismic   Program

• HEVI and NAH intend to drill as much as 9 New Wells on the joint lands famous within the map herein. The New Wells are anticipated to be drilled in proximity to NAH’s producing Mankota pool and as a continuation of the pattern being developed at Mankota.
• As famous above, it’s anticipated the New Wells might be drilled within the upcoming winter months, given floor and environmental entry restrictions.
• Along with the New Wells, HEVI is finalizing potential drilling areas on 4 sections of lately acquired land, wherein the Firm holds a 100% working curiosity (” 4   Crown   Sections “) and anticipates taking pictures extra seismic over the 4 Crown Sections in early 2025. The 4 Crown Sections are strategically positioned in a central portion of the Mankota helium fairway. As well as, HEVI is pursuing seismic research within the Fox space and exploring promising leads in each Glenbain and Fox (each outdoors of the map space proven right here), every of that are adjoining to notable NAH discoveries.

Trying forward, HEVI stays strategically positioned and extremely differentiated as a consequence of its profitable partnership with NAH, Canada’s main helium driller and producer in Saskatchewan. With a sizeable land base, wholesome working capital and quite a few catalysts on the horizon, the Firm stays excited in regards to the future.

HEVI needs to thank all shareholders and stakeholders for his or her continued help and appears ahead to offering future updates on its exploration and growth actions.

Keep   Related   to   Helium   Evolution

Shareholders and different events considering studying extra in regards to the Helium Evolution alternative are inspired to go to the Firm’s web site , which incorporates an up to date company presentation , and are invited to observe the Firm on LinkedIn and X for ongoing company updates and helium trade info. Helium Evolution additionally offers an intensive, commissioned ‘deep-dive’ analysis report ready by a 3rd celebration whose background consists of serving as a analysis analyst for a number of bank-owned and impartial funding sellers. Along with current media articles , HEVI maintains a profile on the Investing Information Community platform, the place additional info, editorial items and trade critiques can be found.

About   Helium   Evolution   Integrated

Helium Evolution is a Canadian-based helium exploration firm holding the biggest helium land rights place in North America amongst publicly-traded corporations, targeted on growing property in southern Saskatchewan. The Firm has over 5 million acres of land below allow close to confirmed discoveries of financial helium concentrations which can help scaling the exploration and growth efforts throughout its land base. HEVI’s administration and board are executing a differentiated technique to turn into a number one provider of sustainably- produced helium for the rising international helium market.

For additional info, please contact:

Assertion   Relating to   Ahead-Trying   Data

This information launch incorporates statements that represent “forward-looking statements.” Such ahead trying statements contain recognized and unknown dangers, uncertainties and different elements which will trigger precise outcomes, efficiency or achievements, or developments   in   the   trade   to   differ   materially   from   the   anticipated   outcomes,   efficiency   or   achievements   expressed   or   implied by   such   forward-looking   statements.   Ahead   trying   statements   are   statements   that   are   not   historic   details   and   are   usually, however   not   all the time,   recognized by   the phrases   “expects,”   “plans,”   “anticipates,”   “believes,”   “intends,”   “estimates,”   “tasks,”   “potential” and comparable expressions, or that occasions or circumstances “will,” “would,” “might,” “may” or “ought to” happen.

Ahead-looking statements on this doc embody statements concerning the Firm’s expectations concerning the Firm’s final aim of manufacturing and promoting helium, producing money stream and driving constructive returns for shareholders, future manufacturing from the 9-18 Nicely, the 2-31 Nicely and the 9-35 Nicely, the Firm’s expectations concerning scalable helium manufacturing from its land usually, the Firm and/or NAH’s plans with respect to the 9-18 Nicely, the 2-31 Nicely and the 9- 35 Nicely, potential drilling areas on the 4 Crown Sections, water manufacturing within the 9-18 Nicely, the 2-31 Nicely and the 9-35 Nicely, the Firm’s expectations concerning recoverability of helium, the dimensions and nature of the reservoir, the Firm and/or NAH’s   capacity   to   establish   future   exploration   and   drilling   targets   together with the   New   Wells,   exploration   methods   and   delineation, productiveness   and   commerciality of   downdip   reservoirs, productiveness   of   a number of helium   bearing   zones,   presence of   a   lure or   cap rock within the Mankota space, the dimensions of the helium fairway, the Firm and/or NAH’s plans with respect to drilling the New Wells, the   Firm’s   capacity   to   establish   seismic   research,   taking pictures   seismic   over   the   4   Crown   Sections   and   the   timing   thereof, the   success of the partnership with NAH, the Firm’s intention to offer additional updates concerning important updates and developments, the Firm changing into a number one provider of sustainably-produced helium, the timeline of future updates, the Firm’s beliefs concerning progress of the worldwide helium market and different statements that aren’t historic details. By their nature, forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger our precise outcomes, efficiency, achievements or different future occasions, to be materially completely different from any future outcomes, efficiency   or   achievements   expressed   or   implied   by   such   forward-looking   statements.   Such   elements   and   dangers   embody,   amongst others: NAH and/or HEVI could also be unsuccessful in drilling commercially productive wells; the Firm and/or NAH might abandon   or   defer   plans   for   persevering with   the   completion,   testing   and   analysis   of   the   9-18   Nicely;   the   Firm   and/or   NAH   might select to defer, speed up or abandon its exploration and growth plans together with the New Wells and/or wells on the 4 Crown Sections; the Firm might abandon, defer or speed up its plans to amass or shoot seismic; the Firm and/or NAH might decide to not carry the 9-18 Nicely, the 2-31 Nicely and/or the 9-35 Nicely onto manufacturing; the Firm might abandon its plans to shoot seismic and/or purchase seismic research; new legal guidelines or rules and/or unexpected occasions may adversely   have an effect on   the   Firm’s   enterprise   and   outcomes   of   operations;   inventory   markets   have   skilled   volatility   that   usually   has   been unrelated to the efficiency of corporations and such volatility might adversely have an effect on the value of the Firm’s securities no matter its working efficiency; dangers usually related to the exploration for and manufacturing of assets; the uncertainty of estimates and projections referring to bills and the Firm’s working capital place; constraint within the availability of companies; commodity value and trade price fluctuations; adversarial climate or break-up circumstances; and uncertainties   ensuing   from   potential delays   or   adjustments in   plans   with   respect   to   exploration   or   growth   tasks   or   capital   expenditures.

When   relying   on   forward-looking   statements   and   info   to   make   selections,   traders   and   others   ought to   fastidiously   take into account the foregoing elements, dangers, different uncertainties and potential occasions.   The Firm has assumed that the fabric elements referred   to   in   the   earlier   paragraphs   will   not   trigger   such   forward-looking   statements   and   info   to   differ   materially   from precise outcomes or occasions. Nevertheless, the record of those elements will not be exhaustive and is topic to alter and there could be no assurance that such assumptions will replicate the precise end result of such gadgets or elements. The reader is cautioned to not place undue   reliance   on   any   forward-looking   info.   Such   info,   though   thought-about   affordable   by   administration   at   the time   of   preparation,   might   show   to   be   incorrect   and   precise   outcomes   might   differ   materially   from   these   anticipated.   Ahead-looking statements   contained   in   this   information   launch   are   expressly   certified   by   this   cautionary   assertion.   The   forward-looking   statements contained on this information launch are made as of the date of this information launch. The Firm doesn’t intend, and expressly disclaims any intention or obligation to, replace or revise any forward-looking statements whether or not because of new info, future occasions or in any other case, besides as required by legislation.

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