Helium Evolution (HEVI), and partner North American Helium (NAH), plan to drill up to nine new wells in Saskatchewan's Mankota area between Q3'24 and Q2'25, building on three existing helium discoveries. With a 20% working interest in these wells, HEVI aims to leverage this strategic expansion to enhance its position in the helium market. This initiative, coupled with the acquisition of an additional four sections of land adjacent to current development areas, positions HEVI for significant growth. The company has already confirmed commercial viability in one of its wells, with helium concentrations surpassing the threshold for commercial success, and is in the process of evaluating and preparing for further drilling to support first helium sales anticipated in 2025.
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