Helium Evolution was incorporated on January 14, 2021 to pursue helium exploration in Saskatchewan. Helium Evolution aims to list on the TSXV having raised C$12.3mm of subscription receipts and a C$1.5mm Bridge Loan. It had previously raised C$2mm in equity up to August 2021. Approximately C$10mm of the raise is go towards exploration and development expenses. Helium Evolution has acquired 5.2mm acres of Crown land in Saskatchewan. The management of Helium Evolution has identified several prospects in the McCord area of south-central Saskatchewan. In the McCord-Mankota area the reservoir rock in the Deadwood formation generally has porosity > 15% and permeabilities of several hundred millidarcies.
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