Helium Evolution Incorporated
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in mil. unless spec.Company Description
- CEO
- Malcolm Adams
- Full Time Employees
- 4
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 400 – 505 3rd Street SW Calgary AB Canada T2P 3E6
- IPO Date
- May 17, 2022
- Website
- heliumevolution.ca
- Similar Companies
- Business
- Helium Evolution Incorporated (TSXV:HEVI; OTCQB:HEEVF), a Calgary-based helium exploration and production company founded in 2021, holds the largest helium land rights position in North America among publicly-traded companies with over 5.6 million acres under permit in southern Saskatchewan near proven discoveries of economic helium concentrations. The company focuses on advancing helium assets through exploration, drilling, seismic acquisition, and commercial development; key activities include farmout agreements for joint wells with North American Helium Inc. (NAH), a 20% working interest in the Soda Lake helium processing facility designed to handle 12 million standard cubic feet per day of raw gas from three initial wells connected via dedicated pipelines, and ongoing programs yielding multiple helium discoveries such as the initial 2-31 find in late 2023 followed by five additional discoveries in the Mankota area through early 2025. Operations target the growing global helium market with sustainably produced supply for industrial, medical, and technological applications, primarily serving off-takers through commercial sales initiated in October 2025 from the Soda Lake Facility. Recent developments include the first commercial helium sales in October 2025 marking a transition to revenue generation, a $2.7 million financing and strategic partnership with ENEOS Xplora Inc. (a subsidiary of Japan's ENEOS Group) announced in March 2025 that bolsters financial strength and unlocks growth opportunities, construction and start-up of the Soda Lake Facility bringing initial production online in 2025, an enhanced farmout agreement with NAH expanding from five to up to eight wells, acquisition of approximately 2,000 kilometers of 2D seismic data to refine drilling targets, and a board change with Greg Robb's resignation in October 2025. Helium Evolution maintains headquarters at 400, 505 - 3rd Street SW, Calgary, Alberta, Canada T2P 3E6, and executes a differentiated strategy leveraging technical expertise and partnerships to scale production across its extensive Saskatchewan land base.
Company News
Helium Evolution Announces DTC Eligibility Allowing for Electronic Settlement of Trades in the United States and Grant of Stock Options
Helium Evolution Announces Filing of Second Quarter 2026 Financial Results
UPDATE -- Helium Evolution Closes $25 Million Private Placement
Helium Evolution Closes $25 Million Private Placement
Helium Evolution Granted Extension of Price Protection for Private Placement
Helium Evolution Announces Grant of Stock Options
Helium Evolution Announces Voting Results From Annual General & Special Meeting of Shareholders
Helium Evolution Announces Filing of First Quarter 2026 Financial Results
Helium Evolution Announces Filing of Year End 2025 Financial Results
Helium Evolution Announces Completion of Grasslands 3D Seismic Program, Board Update and Strengthening Helium Market Outlook
Helium Evolution Announces Grant of Stock Options
Helium Evolution Announces Seismic Program, Pooling Agreement and Provides Operations Update
Helium Evolution Announces Filing of Third Quarter 2025 Financial Results
Helium Evolution Announces Grant of Stock Options
Helium Evolution Announces First Commercial Sales of Helium
Helium Evolution Announces Start-Up of Soda Lake Helium Purification Facility
Helium Evolution Secures Offtake Agreement
Helium Evolution Announces Management Changes
Helium Evolution Closes $8.3 Million Convertible Note and Announces Q2-2025 Results
Helium Evolution Closes Second Tranche of Expanded Private Placement