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GLOBAL HELIUM CORP - HECOF STOCK NEWS

Welcome to our dedicated page for GLOBAL HELIUM news (Ticker: HECOF), a resource for investors and traders seeking the latest updates and insights on GLOBAL HELIUM stock.

Global Helium Corp (HECOF) is a leading helium exploration and production company dedicated to unlocking the potential of this valuable resource. With a focus on innovation and sustainability, the company leverages advanced technologies to maximize production efficiency while minimizing environmental impact. Global Helium Corp's current projects include the development of high-potential helium fields and strategic partnerships to expand its market presence. The company's strong financial position and commitment to excellence position it as a key player in the global helium market.

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Global Helium Corp. (CSE: HECO, OTC: HECOF) has provided an update on North American Helium Inc.'s (NAH) test well drilling activities in the Vermillion Hills area of HECO's Saskatchewan acreage. The drilling was conducted under a seismic review option agreement announced on April 8, 2024. NAH has decided to abandon the test well after reaching total depth. As a result of drilling before December 30, 2024, NAH has earned an 80% working interest in 72 sections of HECO's land. Despite the abandonment, HECO views this as confirmation of their strategy to preserve capital and derisk exploration assets through joint ventures. The company plans to continue its partnership with NAH on other structures across the Saskatchewan land base. The test well has provided valuable geological data that will guide HECO's future exploration efforts.

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Global Helium Corp. (CSE: HECO, OTC: HECOF) has announced the granting of incentive stock options as per the company's stock option plan. A total of 1,350,000 common shares will be available for certain directors, officers, and consultants. The stock options vest immediately and are exercisable at $0.08 per share, with a five-year expiration period. These shares will be subject to a statutory four-month hold period in accordance with applicable securities laws.

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On May 22, 2024, Global Helium Corp. (HECOF) announced positive results from its 10-08 well near Medicine Hat, SE Alberta. The well tested at 4.1M cubic feet/day with helium concentrations of 0.56%-0.68%, confirming its second commercially viable opportunity. A pressure transient analysis indicated an expansive, productive reservoir with an absolute open flow potential of 8.05M cubic feet/day. Additionally, North American Helium will drill a test well on HECO's Saskatchewan acreage in Q3 2024, covering all drilling costs. HECO also acquired eight new sections of prospective land in Northern Alberta. The company canceled 1,295,000 stock options voluntarily surrendered by holders.

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Global Helium Corp. has granted stock options to acquire up to 1,075,000 common shares to directors, officers, and consultants. The options are exercisable at $0.11 per share for five years.

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Global Helium Corp. announces the confirmation of a second helium discovery on the Manyberries Helium Trend in Southeast Alberta. The 10-08 well produced 4.1 million cubic feet per day of helium with concentrations of 0.6% - 0.68% from the Beaverhill Lake formation. The company is focusing on further development and facilities planning in the Medicine Hat area and has signed a seismic review option agreement with North American Helium Inc. for its Saskatchewan acreage.
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Global Helium Corp. (HECOF) has signed a seismic review option agreement with North American Helium Inc., offering potential advancements in Saskatchewan land base with reduced capital costs. NAH has the option to review HECO's seismic data, drill test wells, and earn interests in HECO's land. This partnership aims to leverage NAH's expertise and resources for accelerating development.
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Global Helium Corp. (HECOF) provides an operational update on its drilling activities in the Medicine Hat region in Southeast Alberta, confirming the receipt of an Evaluation of Contingent Helium Resources. The company drilled and completed two exploratory wells with promising results, satisfying the terms of Farm-in and Option agreements. HECO has a 75% lease interest in 22 sections of helium prospective land in the Manyberries area. The company also successfully streamlined its land holdings in Saskatchewan, eliminating $550,000 in permit leasehold obligations. The Contingent Resource Report prepared by an independent evaluator estimates a low estimate of 22 MMCF, a best estimate of 44 MMCF, and a high estimate of 67 MMCF of helium. HECO's CEO, Jesse Griffith, expressed optimism about the results and indicated the company's commitment to ongoing asset development and value creation. However, the resource is contingent on funding for development and production, and there is uncertainty about the commercial viability of producing any portion of the Contingent Resources.
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Global Helium Corp. (HECO) closes second tranche of non-brokered private placement offering, raising approximately CAD$405,000. The company intends to issue 1,621,621 series B preferred shares at a price of US$0.185 per share, with a 10% annual dividend. The net proceeds will fund obligations related to the drilling of two helium wells and for general corporate purposes.
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Global Helium Corp. (HECO) confirms the drilling and casing of its second helium well at 10-08, targeting the Beaverhill Lake zone in Southeastern Alberta. The company will proceed to testing the well before the end of November. Additionally, HECO appoints Mr. Robert Nathan, an attorney and investor, to its Board of Directors.
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Global Helium Corp. (HECO) announces a material helium discovery in Southeastern Alberta. The 09-04 well drilled in the targeted Beaverhill Lake zone contains 1.1% helium, which is above the commercially viable concentration. The well has a maximum flow rate of 10 mmcf/day of raw gas. HECO has triggered the earn-in of eight sections on the Perpetual farm-in block and is preparing to drill a second well in November. The company also appoints Tom Cross as Chief Financial Officer.
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FAQ

What is the current stock price of GLOBAL HELIUM (HECOF)?

The current stock price of GLOBAL HELIUM (HECOF) is $0.06625 as of October 15, 2024.

What is the market cap of GLOBAL HELIUM (HECOF)?

The market cap of GLOBAL HELIUM (HECOF) is approximately 2.4M.

What is Global Helium Corp's main focus?

Global Helium Corp specializes in helium exploration and production, aiming to maximize efficiency and sustainability in this sector.

What are some of the current projects of Global Helium Corp?

Global Helium Corp is currently developing high-potential helium fields and establishing strategic partnerships to expand its market presence.

How does Global Helium Corp approach environmental impact?

Global Helium Corp leverages advanced technologies to minimize environmental impact and promote sustainability in its operations.

What sets Global Helium Corp apart in the helium market?

Global Helium Corp's strong financial position, commitment to innovation, and focus on excellence distinguish it as a key player in the global helium market.

What is the company's latest achievement?

Global Helium Corp's latest achievement includes the estimated company share of unrisked helium contingent resources as of December 31, 2023, showcasing its continuous growth and development.

How does Global Helium Corp manage risk in its operations?

Global Helium Corp accounts for an 80% chance of commerciality in its contingent resources to mitigate risks and ensure sustainable growth.

What is the expected processing rate of Global Helium Corp's reserves?

Global Helium Corp expects a processing rate of five percent with a one percent helium concentration in its reserves, optimizing production efficiency.

What should investors know about Global Helium Corp's forward-looking statements?

Investors should be aware of Global Helium Corp's forward-looking statements that project the company's future performance and developments.

How does Global Helium Corp ensure market competitiveness?

Global Helium Corp establishes strategic partnerships and focuses on innovation to enhance its market competitiveness and sustainable growth.

What factors contribute to Global Helium Corp's success?

Global Helium Corp's success is attributed to its innovative approach, strong financial position, commitment to sustainability, and strategic market initiatives.

GLOBAL HELIUM CORP

OTC:HECOF

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2.43M
10.64%
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United States of America
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