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    • May 20, 2022
    • 1 min read

Helium Evolution Q1'22 results: planning to drill in June

The Company continues to execute its strategy of acquiring a significant land base in Saskatchewan for helium exploration and production. The total permits under an initial 3-year term with the Government of Saskatchewan as of March 31, 2022, is approximately 5.5 million acres.

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Helium One ended 2022 with a net cash balance of US$13.7mm, providing ample cash for its upcoming drilling campaign. In H2'22, cash outflow from operations was US$1.6mm and capital expenditure US$1.5m

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