First Helium Inc reported continued progress on its evaluation of the prospective helium exploration lands in Southern Alberta. The company secured an option agreement with a large independent royalty company in May 2021 specifically to review the seismic database within the 880,000 acres of optioned lands for targets prospective for helium. The Option provides First Helium with access to approximately 900 sq km of three-dimensional seismic data and 530 km of two-dimensional seismic data for priority evaluation over the large contiguous land base.
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