This is the guts of the Soda Lake helium processing facility. Helium Evolution
CALGARY – Helium Evolution Incorporated (HEVI) announced a private placement for aggregate gross proceeds of approximately $25 million on July 24. New international investors have agreed to subscribe for an aggregate of $23.7 million, joining the shareholder register alongside participation from insiders and other investors, according to a HEVI release.
“We are extremely pleased to welcome the new investors to our shareholder base,” said Malcolm Adams, Chief Executive Officer of Helium Evolution. “Their investment reflects their confidence in our strategy, our team and the opportunities we see across our land base. Combined with our recent reduction in annual land tenure costs and our upcoming 3D seismic results in the Mankota/Grasslands core area, we believe this financing provides the financial strength to accelerate exploration and development across our extensive land position while maintaining significant flexibility to pursue additional growth opportunities.”
HEVI chair James Baker was the guest on last week’s Pipeline Online Podcast and provided in-dept discussion about what has been going on with the helium developer (although the discussion did not include this round of financing). You can see that podcast here.
Financing Details
The financing will consist of the issuance of approximately 166.7 million units at a price of $0.15 per unit. The company has allocated up to 8,736,667 units for subscriptions by insiders of the company and other investors, representing potential additional gross proceeds to the company of $1.3 million.
The financing is expected to close on or about August 5, 2026, subject to customary closing conditions, including the requisite approvals by the TSX Venture Exchange.
The net proceeds from the financing are expected to be used to accelerate exploration and development activities across the company’s Saskatchewan helium assets, advance future drilling and infrastructure initiatives and for general corporate purposes.
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Terms of the units
Each unit will be comprised of one common share of the company (each, a “unit share“) and one common share purchase warrant (a “warrant“). Each warrant will entitle the holder thereof to acquire one common share of the company (a “warrant share“) at a price of $0.30 for a period of three years from the closing date. The warrants will be subject to an acceleration feature if the volume-weighted average trading price equals or exceeds $0.50 per common share for 30 consecutive trading days whereby the company may accelerate the expiry date of the warrants. The warrants will include a warrant blocker clause providing that no exercise of warrants will be permitted if such exercise would result in the need to obtain shareholder approval for the creation of a new control person pursuant to the policies of the TSXV.
The unit shares, warrants and warrant shares will be subject to a four-month hold period from the closing date, in accordance with applicable securities laws.
Operations update
The company said it is also pleased to confirm that the Government of Saskatchewan has reset over 5 million acres of HEVI’s Crown helium lands under new six-year terms at annual rental rates ranging between $0.02 and $0.10 per acre, as announced on June 29, 2026. This reduction in land carrying costs, together with the financing, will allow the company to allocate capital toward higher-impact helium exploration and development activities, expected to continue in the fourth quarter of 2026.
- 0131 SASPO-2874_Self Serve Campaig0131 SASPO-2874_Self Serve Campaig
- 0130 SKTL_Starlink_Ranch_16x9_Clean0130 SKTL_Starlink_Ranch_16x9_Clean
- 0129 Turnbull drivers operators0129 Turnbull drivers operators
- 0128 OSY Rentals updated0128 OSY Rentals updated
- 0126 Steel_Reef_Promo_0126 Steel_Reef_Promo_
- 0125 SASPO-2896_Right of Way_Awareness_20250125 SASPO-2896_Right of Way_Awareness_2025
- 0118 IBEW 30 sec0118 IBEW 30 sec
- 0114 Prospera Bold Vision0114 Prospera Bold Vision
- 0113 Miller Epic Cinematic Hollywood trailer0113 Miller Epic Cinematic Hollywood trailer
- 0102 Lori Carr Coal Extended0102 Lori Carr Coal Extended
- 0099 Mryglod Steel 1080p0099 Mryglod Steel 1080p
- 0095 Fast Trucking nearly 70 years good at it0095 Fast Trucking nearly 70 years good at it
- 0046 City of Estevan This is Estevan Teaser0046 City of Estevan This is Estevan Teaser
- 0077 Caprice Resources Stand Up For Free Speech0077 Caprice Resources Stand Up For Free Speech
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001