Helium Evolution (HEVI) released its audited financial results for the year ended December 31, 2022. HEVI has continued to develop its 5.5 million acres of helium rights in southern Saskatchewan and has successfully bolstered its seismic library with ~600km of existing 2D seismic lines. Test Well #3 is expected to be spud by NAH on or before July 14, 2023. As of Dec 31, 2022, the company reported a net loss of C$0.5 million, cash position of C$9.1 million and working capital of C$10.2 million.
Helium Evolution Announces YE22 Financial Results
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