Helium Evolution (HEVI) released its annual financial statements for the year ending December 31, 2023, highlighting its ongoing development of 5.6mm acres of helium rights in southern Saskatchewan. With a positive cash and working capital position of C$5.7mm, HEVI is set to further its operations with its drilling partner North American Helium. This collaboration aims to drill up to nine wells in Saskatchewan's Mankota area from Q3'24 to Q2'25, enhancing HEVI's asset development and cash flow prospects. The company ended the year with a net loss of C$2.9mm, cash position of C$6.3mm, and total assets of C$96mm.
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See AllHelium Evolution (HEVI), and its partner, North American Helium (NAH), have reported positive preliminary results from three wells in the...
Helium Evolution (HEVI) reported promising results from its exploration activities at the 9-35 Well in Saskatchewan. The well flow tested...
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