GLOBAL HELIUM CORP - HECOF STOCK NEWS

Global Helium Corp. (CSE: HECO) (OTC: HECOF) has expanded its landholdings in Southern Alberta by over 50%, acquiring 10,880 acres through a Farmin Agreement. This brings its total to 31,360 acres in the Manyberries helium trend. Partnering with Perpetual Energy, Global anticipates drilling two wells by the end of 2023. The companies have also established a joint venture covering 368,640 acres, allowing Global to direct operations while retaining a 75% interest. This strategic expansion aims to capitalize on proven helium production in the area, further establishing Global’s position in North America’s helium market.

Global Helium Corp. (CSE: HECO, OTC: HECOF) announced an agreement on January 6, 2023, with a major Canadian mineral landowner, aiming to secure up to 32 sections (20,480 acres) in a proven helium-producing area of Southeast Alberta. The area has a known helium well with a 1.2% concentration, and Global Helium plans to drill its first test well in late Q2 or early Q3 2023. The Manyberries helium trend is noted as a prolific helium region, with current helium prices exceeding $1,000 per mcf, promising potential returns on investment.

Global Helium Corp. (CSE: HECO, OTC: HECOF) has commenced activities to develop new helium processing facilities in Montana. Engaging Journey Engineering, the company will initiate a pre-FEED study for a helium purification facility at its Rudyard asset, expected to complete by Q1 2023. Global Helium’s Rudyard site spans over 15 square miles and has the capability to produce over 2.5 mmcf/day of raw gas with notable helium concentration. Wholesale helium prices in the U.S. are currently around $1,500/mcf.

Global Helium Corp. (CSE: HECO) (OTC: HECOF) has expanded its landholdings by 13% in Saskatchewan, totaling 1.7 million acres. The company has also acquired a third helium property in Montana, enhancing its presence in proven helium areas. In 2022, over 300,000 acres were added, with more permits pending approval. Global Helium aims to address the helium supply shortage with 'Green Helium,' extracted without natural gas by-products. The company remains focused on strategic land acquisition and exploration to become a leading helium producer.

Global Helium Corp. (CSE: HECO) (OTC: HECOF) has announced the successful completion of a comprehensive seismic acquisition program across its 1.5 million acres of helium land in Saskatchewan. New structures have been identified, prompting the company to proceed with surface land acquisition and permitting for multiple drilling locations in Saskatchewan and Montana. The Gilroy structure's size has increased by 47%, indicating strong helium potential. Global Helium aims to address the long-term supply shortage in the helium sector by producing 'Green Helium' without hydrocarbons.