Helium Evolution Incorporated
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Malcolm T. D. Adams
- Full Time Employees
- 4
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- 400 – 505 3rd Street SW Calgary AB Canada T2P 3E6
- IPO Date
- Mar 30, 2022
- Website
- heliumevolution.ca
- Similar Companies
- Business
- Helium Evolution Incorporated (TSXV:HEVI) is a Canadian-based helium exploration and production company focused on developing helium assets in southern Saskatchewan, where it holds the largest helium land rights position in North America among publicly-traded entities, encompassing over 5.6 million acres adjacent to proven discoveries of economic helium concentrations in the Mankota and Cadillac areas; the company targets the Deadwood formation, which features helium concentrations up to 2% alongside over 95% nitrogen as the carrier gas, enabling environmentally friendly extraction through low-cost vertical drilling and venting without specialized equipment. Founded in 2021 and headquartered in Calgary, Alberta, Helium Evolution pursues sustainable helium supply for the global market through partnerships including an enhanced farm-out agreement with North American Helium (NAH) for up to eight development wells, providing proprietary seismic data and near-term drilling catalysts without upfront capital costs while retaining 99% of its land base; it acquired approximately 2,000 km of 2D seismic data in Q4 2023 to refine drill targets. Recent milestones include the first joint helium discovery at 2-31 with 0.95% helium concentration in Q1 2024, five additional discoveries in the Mankota area through Q4 2025, construction of the Soda Lake Facility (20% working interest) expected operational in Q4 2025 to process 12 mmcf/d raw gas from three helium wells, and the inaugural commercial helium sales announced in October 2025 from the Mankota region's Soda Lake processing facility, marking its transition to revenue generation.
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