First Helium Inc.
HELI.V
Toronto Stock Exchange Ventures0.03
CAD
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First Helium Inc.
HELI.V
(Toronto Stock Exchange Ventures)
Recent
price
0.03
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- First Helium Inc. (TSXV:HELI) is a Canadian exploration and development company focused on helium, petroleum, and natural gas properties in Alberta; it holds a 100% interest in the advanced-stage Worsley Helium Project spanning 53,000 acres in northwestern Alberta along the prospective Worsley Trend, which offers multi-commodity exposure including helium-enriched natural gas, light oil, natural gas liquids (NGLs), and conventional natural gas. The company's core assets encompass its helium discovery well with production-tested helium content exceeding 1.3% over multiple periods, two successful light oil wells including the 1-30 discovery that tested at 419 barrels per day and has generated initial revenue from oil sales, and a fourth horizontal helium exploration well (7-15) successfully drilled and cased for future completion and testing; these support a fully integrated strategy for helium production, purification, transportation, and marketing alongside petroleum and natural gas output targeting premium pricing for helium-enriched gas with netbacks 3-4 times higher than conventional natural gas. Incorporated in 2016 and headquartered in Calgary, Alberta, First Helium operates exclusively in Western Canada, leveraging the region's established natural gas infrastructure and helium-rich geology adjacent to past producing pools to serve industrial, medical, scientific, aerospace, and emerging technology markets demanding reliable helium supply. Recent developments include plans to commence additional drilling at Worsley in Q1 2025 targeting helium-enriched natural gas horizontals, Leduc Formation structures identified via proprietary 3D seismic, and multiple pay zones for helium-associated gas and light oil; the company also advances its helium discovery well toward production pending facility financing and construction, building on 2024 successes such as the 7-15 well completion and ongoing exploration to scale toward over $100 million in annual revenue within three to five years through vertical and horizontal programs.