First Helium Inc.

First Helium Inc.

FHELF
First Helium Inc.US flagOther OTC
0.03
USD
+0.00
- -
6.20MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
0.07
0.11
0.01
- -
- -
Basic EPS, GAAP
-0.01
-0.01
-0.01
-0.09
-0.04
-0.04
-0.03
Free Cash Flow per Basic Share
-0.01
-0.01
-0.06
-0.02
-0.02
-0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.01
0.04
0.31
0.16
0.1
0.05
0.03
Tangible Book Value per Share
0.01
0.18
0.34
0.18
0.16
0.06
0.05
Basic Weighted Avg Shares
66
66
50
78
87
178
214
Sales/Revenue/Turnover
- -
- -
4
8
1
- -
- -
Operating Margin (%)
- -
- -
-12.52
-33.87
-264.97
-856.38
- -
Depreciation Expense
- -
- -
- -
4
1
- -
- -
Net Income, GAAP
-1
-1
- -
-7
-3
-7
-6
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
-13.05
-84.37
-282.59
-2,302.31
- -
Working Capital
-1
8
5
-1
-1
-3
-3
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
1
12
17
14
14
12
11
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-30.05
-5.13
-50.14
-29.77
-78.19
-58.26

Capital Structure

FRC

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
214
214
214
Market Capitalization
5
6
6

Working Capital

FRC

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
3
3
3
Payables & Accruals
3
3
3
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
340.01%
-15.5%
Free Cash Flow
- -
117.77%
5.19%
Net Income, GAAP
- -
285.58%
111.1%
Sales/Revenue/Turnover
- -
- -
-74.09%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-0.01
-0.01
- -
-0.04
2025
-0.01
- -
- -
- -
-0.04
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Edward Bereznicki
Full Time Employees
4
Sector
Basic Materials
Industry
Chemicals
Address
800 West Pender Street Vancouver BC Canada V6C 2V6
IPO Date
Nov 8, 2021
Business
First Helium Inc. is a Canadian exploration and development company focused on helium, petroleum, and natural gas properties in Alberta. The company holds 100% interest in the Worsley Project spanning over 53,000 acres in northern Alberta along the highly prospective Worsley Trend, targeting helium-enriched natural gas, light oil, natural gas liquids, and conventional natural gas; its key assets include the 15-25 helium discovery well tested at 1.3% helium content, the 1-30 and 4-29 light oil wells generating over $13 million in revenue and $8 million in cash flow to date, and a recently drilled horizontal helium target well cased for future completion and testing. First Helium also maintains exploration acreage in southern Alberta's Helium Fairway near existing helium operations. Founded in 2016 and headquartered in Calgary, Alberta, the company pursues a multi-commodity strategy leveraging proprietary 3D seismic data to identify drilling targets across formations like Leduc and Blue Ridge, with helium-enriched gas offering premium netbacks 3-4 times higher than conventional natural gas; it serves global markets in healthcare, technology, semiconductors, cryogenics, and industrial applications dependent on reliable helium supply. In late 2024, First Helium completed a $3.64 million financing round with strong management participation to fund two high-impact oil wells in Q1 2025, including the licensed 7-30 proven undeveloped location with independently evaluated gross proved plus probable reserves of 196,700 barrels and the larger 7-15 Leduc anomaly; the company identified 10 additional Leduc drilling locations, added geologist Marc Junghans with 40+ years of Western Canadian Sedimentary Basin expertise, and completed drilling of the 7-30 well cased for testing as of January 2025, while advancing helium opportunities through potential strategic partnerships.

Company News

APIChat
  • First Helium Closes Oversubscribed $2.6 Million Placement

  • First Helium Announces Private Placement

  • First Helium CEO Update Highlights Strategic Positioning of Oil and Helium Assets Amid Global Supply Uncertainty

  • Charbone Hydrogen generates revenue from first helium delivery in Greater Toronto Area

  • Helium One eyes first helium production, exits funding arrangement early

  • Helix Exploration is nearing first helium production at Rudyard project

  • First Helium Inc. Announces Application to Reprice Warrants

  • Helium One says Galactica is on-track for first helium in December

  • Helix Exploration nears first helium production in Montana - ICYMI

  • Helix Exploration eyes first helium production in 2025 as Linda-1 drilling begins

  • First Helium Announces Shallow Heavy Oil Discovery

  • First Helium Completes Drilling 7-15 Well & Cases for Completion and Testing

  • First Helium Spuds 7-15 Exploration Well

  • First Helium Completes Drilling 7-30 Well & Cases for Completion and Testing

  • First Helium Spuds 7-30 Undeveloped Light Oil Well at Worsley

  • First Helium Secures Rig to Drill Two Wells Targeting Leduc Light Oil at Worsley

  • First Helium Licenses Second of Two Wells Targeting Leduc Light Oil at Worsley

  • First Helium Provides Year End Corporate Update

  • First Helium Licenses First of Two Wells Targeting Leduc Light Oil at Worsley

  • First Helium Confirms Plans for Sequential Drilling of Two Oil Targets - Proven Undeveloped (“PUD”) Oil Location and Large Leduc Anomaly