North American Helium Collaborates with Helium Evolution for Exciting New Well Project

Helium Evolution Incorporated, a prominent figure in the realm of helium exploration, has unveiled a strategic partnership with North American Helium Inc. (NAH) to initiate the drilling of Joint Well #2. Positioned near Mankota, Saskatchewan, this new well site is a mere six kilometers away from the previously successful helium discovery at Joint Well #1. HEVI's President & CEO, Greg Robb, and CFO, Kristi Kunec, are steering the company toward this calculated move, capitalizing on their substantial land rights position in North America.

This collaboration sees HEVI making a noteworthy investment of $0.4 million, securing a 20% interest in the Joint Well #2 venture with NAH. The financial standing of HEVI appears robust, with a reported working capital of $7.8 million as of September 30th, underscoring the company's stability in pursuing ambitious projects.

HEVI's strategic focus extends to its vast land portfolio, encompassing over five million acres under permit and strategically located in proximity to confirmed helium concentrations. The executive team at HEVI is diligently working to position the company as a pivotal supplier of sustainably produced helium, aligning with the escalating global demand for this critical resource. The extensive land rights held by HEVI signal its potential to emerge as a major contributor to the helium market.

Beyond the operational facets of this venture, HEVI has gone a step further by providing stakeholders with a comprehensive understanding of its position within the helium industry. This transparency comes in the form of an independent research report and editorial content disseminated on various investment platforms. These materials offer a thorough analysis, aiding investors in comprehending HEVI's strategic positioning and potential market impact.

In adherence to regulatory protocols, HEVI has issued a forward-looking information statement. This statement, while expressing optimism about the company's aspiration to become a leading sustainable helium supplier, is prudent in acknowledging associated risks. Among these risks are factors such as potential drilling failures, changes in regulations that may impact operational dynamics, the influence of stock market fluctuations on security prices, exploration challenges, commodity price volatility due to economic shifts, adverse weather conditions posing a threat to drilling activities, and potential alterations or delays in project execution plans.

The collaboration between Helium Evolution Incorporated and North American Helium Inc. in spudding Joint Well #2 marks a pivotal moment in HEVI's trajectory. The company's strategic investments, robust financial standing, and extensive land rights position it as a formidable player in the helium exploration landscape. As HEVI navigates the complexities of this venture, its transparent communication and acknowledgment of potential challenges underscore a commitment to responsible and informed business practices. The successful execution of Joint Well #2 could propel HEVI into a key role in meeting the growing global demand for sustainably produced helium.