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) generated a distinct stream of news as a helium-focused exploration and development company in the basic materials sector. Its disclosures highlight a portfolio of helium-prospective assets in Alberta, Saskatchewan, and Montana, along with joint ventures and farm-in agreements that shaped its operational and corporate trajectory.
News coverage on Global Helium has included updates on helium discoveries and well performance, such as the company’s second helium discovery at the 10-08 well on farm-in lands along the Manyberries helium trend near the Medicine Hat region of southeast Alberta. Releases have detailed testing results, reservoir analysis, and the company’s interpretation of these outcomes for its development plans.
Another major category of news involves partnerships and joint ventures. Global Helium reported a seismic review option agreement with North American Helium Inc., under which North American Helium elected to drill and fully fund a test well on the company’s Saskatchewan acreage. Subsequent updates described the results of that test well, the earned working interest for North American Helium in 72 sections of land, and how this arrangement aligned with Global Helium’s strategy of preserving capital and derisking exploration through joint ventures.
Corporate and transactional announcements have also been prominent. The company issued multiple releases describing an arrangement agreement with 2679158 Alberta Ltd., the calling and conduct of a shareholder meeting to approve a plan of arrangement, court orders related to the transaction, and ultimately the completion of a go-private transaction. These items included details about consideration to shareholders, voting thresholds, and the expected delisting of Global Helium’s shares from the Canadian Securities Exchange and OTC Pink Markets.
Additional news items have covered asset-level transactions, such as the sale of a standing well and associated mineral rights in Montana to an arm’s length helium operator, as well as corporate actions like stock option grants and cancellations under the company’s stock option plan. Together, these releases provide a historical record of Global Helium’s operational progress, strategic partnerships, financing tools, and its transition from a publicly traded issuer to a privately held company.
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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.
Global Helium Corp. (CSE: HECO, OTC: HECOF) has acquired over 15 sections of helium-rich land in Rudyard, Montana, significantly boosting its resource base. This acquisition is a well-known structure previously producing 1.3% helium at notable flow rates. The company intends to expand its holdings by over 60% under an option agreement. With two existing wells showing strong helium content, Global aims to enhance production leveraging advanced drilling techniques. Current helium market conditions are favorable, with high purity helium prices exceeding $1,200/mcf, amid tightening supply dynamics.
Global Helium Corp. (CSE: HECO) (OTC: HECOF) announced the appointment of Jesse Griffith to the board of directors, transitioning to President. Griffith, who invested $500,000 in the Company, has a strong background in the oil and gas sector, notably founding Crestwynd Exploration, acquired for over $200 million. His immediate objectives include pursuing new acquisitions, expanding existing properties, and preparing for drilling operations. Concurrently, the Company is closing a non-brokered private placement for $500,000. This strategic move signals growth and potential value for shareholders.
Global Helium Corp. (CSE: HECO, OTC: HECOF) has acquired a significant helium-proven geological structure in Montana, named "Pale Rider." This acquisition includes 17 contiguous square miles and supports the company's strategy to become a leading helium producer in North America. The structure previously yielded 1.2% helium, indicating strong potential for further production. The company plans to drill and prepare multiple prospects, leveraging existing infrastructure. Global Helium also aims to expand its position in Saskatchewan and finalize seismic data acquisition.
Global Helium Corp. (CSE: HECO) (OTC: HECOF) has resumed its winter seismic program in Saskatchewan, expanding its 2D seismic survey by 94 km. The company controls over 1.5 million acres in North America’s helium fairway. With 188 km already completed, the seismic study aims to identify high-impact drilling locations. Utilizing advanced AVO processing technology, the program targets areas with helium concentrations between 1.4% and 2.45%. The company plans to finalize a multi-well drilling program by summer 2022, following the seismic program's completion in March.
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