Global Helium Corp. Announces Sale of Standing Well and Lands in Montana

Rhea-AI Summary

Global Helium Corp (CSE: HECO, OTC: HECOF) has announced the successful sale of assets in the Rudyard area of Montana, comprising one standing well and one section of associated mineral rights. The transaction, valued at USD $300,000, was completed with an arm's length helium operator. The company states this divestment will improve its liquidity position as it maintains focus on its core Canadian operations.

Positive

• Received USD $300,000 cash injection improving liquidity
• Strategic divestment of non-core assets to focus on Canadian operations

Negative

• Reduction in company's asset portfolio

CALGARY, Alberta, April 02, 2025 (GLOBE NEWSWIRE) -- Global Helium Corp. ("HECO" or the "Company") (CSE: HECO, OTC: HECOF) is pleased to announce the successful sale of one standing well and one section of associated mineral rights located in the Rudyard area of Montana. The purchaser of the assets was an arm’s length helium operator, and the Company received cash consideration of USD $300,000.00 for the sale. The sale is expected to enhance the company's liquidity while it continues to focus on its core operations in Canada.

About Global Helium Corp.

Global Helium is a Canadian helium exploration and development company, focused on the exploration, acquisition, development, and production of helium, done right. The Company has carved out a differentiated position through a unique Farm-In Agreement with industry veteran, Rubellite Energy Corp., through which HECO can access approximately 369,000 acres in Alberta’s Manyberries helium trend via joint venture. HECO brings a seasoned team of industry professionals and technical experts who have established connections with North American and international helium buyers. Learn more at https://globalhelium.com/ and follow us on LinkedIn and Twitter (now X).

For further information please contact:
Jesse Griffith, President & CEO	Telephone: +1 650-5766 Email: relations@globalhelium.com

READER ADVISORIES

Forward Looking Statements

No securities regulatory authority has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release.

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this internal announcement are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company.

The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this internal announcement are expressly qualified by this cautionary statement. The forward-looking statements contained in this internal announcement are made as of the date of this internal announcement and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE

FAQ

How much did Global Helium Corp (HECOF) receive for its Montana asset sale?

Global Helium Corp received USD $300,000 in cash consideration for the sale of one standing well and associated mineral rights in Montana.

What assets did HECOF sell in Montana's Rudyard area?

HECOF sold one standing well and one section of associated mineral rights in the Rudyard area of Montana.

Why did Global Helium Corp (HECOF) sell its Montana assets in April 2025?

The sale was made to enhance the company's liquidity while focusing on its core operations in Canada.

Who purchased Global Helium Corp's (HECOF) Montana assets?

An arm's length helium operator purchased the assets, though the specific buyer was not disclosed.