Helium Evolution Incorporated has completed a private placement financing for gross proceeds of $25 million through the issuance of 166,666,667 units at a price of $0.15 per unit. The funding introduces new international participants to the register, reshaping the company's ownership structure and providing capital to advance exploration and development across southern Saskatchewan.

Each unit consists of one common share and one common share purchase warrant exercisable at $0.30 for a three-year period. The warrants are subject to an acceleration clause if the volume-weighted average trading price reaches or exceeds $0.50 per share for 30 consecutive trading days.

The financing attracted three new investors who each acquired 49,310,000 units for an aggregate consideration of $7,396,500, representing approximately 15.0% of the company's issued and outstanding common shares on a non-diluted basis. Henry Maxey, Tough Investments Limited, and Alan Howard joined the register through the placement, with Mr. Maxey also securing a board nomination right while maintaining at least a 10% holding, alongside pro rata participation agreements established for each of the three major holders.

Net proceeds from the placement are allocated to accelerate exploration and infrastructure initiatives across the company's extensive land position in southern Saskatchewan. Helium Evolution holds a 20% working interest in the 12 million standard cubic feet per day raw gas helium processing facility in the Mankota area known as the Soda Lake Facility, and maintains over five million acres of land under permit across the province following recent regulatory updates that reduced annual retention costs.

Drilling activity in the Mankota and Grasslands core area is planned for later in 2026.

Read the full announcement: Helium Evolution Closes $25 Million Private Placement