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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.
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.
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.
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.
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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