First Helium Inc. is pleased to announce that the Company's technical team has made significant progress in evaluating approximately 880,000 acres of prospective helium lands currently held under a seismic review and option agreement with a large landholder in southern Alberta. In the fourth quarter of 2021, a minimum 125,000 acres, all with significant 2D and 3D seismic data coverage, will be continued under the terms of [...]
First Helium Inc. is pleased to announce that it has received required licensing from the Alberta Energy Regulator to begin drilling its first exploratory well on its core Worsley Property. The Company expects to commence its helium-focused drilling operations in early November, 2021. "The receipt of the license from the AER is an exciting milestone for First Helium as it allows us the opportunity to build on the strong [...]
First Helium Inc. is pleased to highlight continued progress on its evaluation of highly prospective helium exploration lands in Southern Alberta. The Company secured the option agreement with a large independent royalty company in May 2021 specifically to review the Optionor's seismic database within the 357,220 net hectares of optioned lands for targets prospective for helium. "We are extremely pleased with our ongoing [...]
First Helium Inc. is pleased to announce that it has recently completed a preliminary engineering study of the infrastructure requirements to bring its Worsley discovery well into production. Among other things, the study provides First Helium with a range of modular and operationally-flexible processing designs to bring the Worsley Well, along with future expansion wells, on-stream. First Helium will use the results of [...]
First Helium Inc. is pleased to announce that it has completed its assessment of the 8,064 hectares of strategic lands surrounding its discovery well at Worsley and has identified three offsetting drill locations on its Worsley Property. Most recently tested in 2018, the Worsley Well flowed at 2mmcf/d of raw gas, over a 10-day period, at a 1.3% helium content. Along with the Worsley Property, the Company holds an [...]
First Helium Inc. is pleased to announce that it has launched its new corporate website at www.firsthelium.com . The New Website offers key content and materials pertaining to the Company including but not limited to its corporate story, investor information and other resources. Visitors to the New Website can also join First Helium's mailing list in order to receive updates directly from the Company. In addition, First [...]
TMX Group today announced its financing activity on Toronto Stock Exchange and TSX Venture Exchange for July 2021. TSX welcomed 19 new issuers in July 2021, compared with 25 in the previous month and 10 in July 2020. The new listings were 11 exchange traded funds, two clean technology companies, two consumer products & services companies, two life sciences companies, one financial services company and one real estate [...]
First Helium Inc. is pleased to provide its stakeholders with the following communications roadmap, which shall be deployed over the coming months. Subsequent to becoming a new public issuer on the TSX Venture Exchange on July 12, 2021, the Company will issue a series of news releases to highlight its achievements and strategy. Company Background: Building on the successful tests of its Worsley helium discovery well near [...]
First Helium Inc. is pleased to announce that its common shares will commence trading on the TSXV at the opening of the market today, being Monday, July 12, 2021, under the stock ticker symbol "HELI". On June 28, 2021, the Company received a receipt for its final prospectus which was filed with the securities commissions in the provinces of BC, Alberta, Saskatchewan, Manitoba, Ontario and Nova Scotia in connection with [...]
First Helium Inc. is pleased to announce that it has closed its previously announced brokered private placement offering of subscription receipts on a best efforts agency basis at a price of $0.35 per Subscription Receipt for aggregate gross proceeds of approximately C$9.2 million, including exercise of Agents’ overallotment option and a president’s list representing approximately C$1.7 million of the Offering. The [...]
First Helium Inc. is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc, as lead agent, on behalf of a syndicate of agents that will include Cormark Securities and Canaccord Genuity in connection with a brokered private placement offering of subscription receipts to be conducted on a best efforts agency basis at a price of $0.35 per Subscription Receipt for aggregate gross proceeds [...]
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