HEVI Reports Q2'24 Results and Strong Progress in Saskatchewan

Helium Evolution (HEVI) reported its Q2'24 results, highlighting progress at its 9-18 well, with a helium flow rate of 685mcf/d, alongside two other discoveries at the 2-31 and 9-35 wells. These findings confirm multiple helium-bearing zones and a helium-charged fairway extending over 20km in the Mankota area. HEVI plans to drill up to nine new wells with its partner, North American Helium, during the winter months, further advancing its exploration and production strategy. The company ended with a net loss of C$254k, cash balance of C$4.7mm and total assets of C$11mm.

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