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Global Helium Reports 2023 Results

Updated: May 3

Global Helium's full-year update highlights progress in its helium exploration and development projects across Alberta, Montana, and Saskatchewan. Successful drilling and testing activities in the Manyberries helium trend in Southeast Alberta have solidified the company's lease interests and demonstrated the viability of further development in the Medicine Hat area. In Montana, advancements include the completion of a pre-FEED study for a helium purification facility, paving the way for future production plans. Additionally, a strategic review of Saskatchewan acreage has led to the streamlining of land holdings, focusing on high-potential projects while reducing leasehold obligations. The company incurred a net loss of C$4.7mm, used C$1.6mm in operating cash and ended the year with total assets of C$9.4mm.

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