top of page

Western Sierra plans Equity Raise for Helium Development

Western Sierra Resource Corporation (WSRC), a US based natural resource explorer, has laid out a plan to raise ~US$25 million to boost helium exploration on its assets in Colorado along with other purposes such as debt retirement and cultivation of industrial hemp. It has 12 helium prospects and plans to drill one a month over the following year. WSRC announced mid-2021 that it had entered into negotiations with a third-party exploration company to develop the 25,000-acre FCHPA Helium Production Project in the Four Corners Area.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All

Proton Green Q1'24 Results: Running Low on Cash

Proton Green generated helium revenue of US$222k in Q1’24 through the sale of 459mcf of helium, implying a price of US$484/mcf. Despite this, the company faced higher costs, with operating costs at US

Royal Helium Q1'24 Results; ~1mmcf Helium Sold

Royal Helium reported its Q1'24 results after an active quarter. The company reported helium revenues of C$819k (or ~US$600k), which it sold at its previously agreed contract price of US$625/mcf. Alth

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page