Helium Evolution (HEEVF) has advanced its Grasslands helium project with North American Helium, completing seismic interpretations and agreeing initial drilling locations. Both partners completed their 170 km² three-dimensional seismic interpretations across the southern Saskatchewan project. North American Helium is advancing surface location permitting for up to 10 wells.
The earliest anticipated drilling start is January 2027; the number of wells depends on final drilling licenses and winter drilling rig availability. Further timing and scope details will follow completion of permitting. Effective immediately, Philip Hughes and Michael Graham resigned as directors, and Anton du Plessis joined the board.
Helium Evolution (HEEVF) will attend the 3rd Annual ArcStone-Kingswood Growth Summit in Toronto on September 16, 2026, at the Sheraton Centre Toronto Hotel. President and CEO Malcolm Adams is scheduled to present the company’s recent milestones and future growth strategy to investors and capital markets professionals.
The event features company presentations, networking, and 1-on-1 meetings between growth issuers and a curated group of investors, family offices, institutional investors and service providers. Helium Evolution highlights its over five million acres of helium-focused land in southern Saskatchewan and invites interested investors to register for a free conference pass and follow the company online for ongoing updates.
Helium Evolution (TSXV:HEVI, OTCQB:HEEVF) reported its financial results for the three and six months ended June 30, 2026, including a Q2 2026 net loss of $717,000 versus $196,000 a year earlier, and a six‑month net loss of $1.151 million versus $871,000 in 2025.
According to Helium Evolution, cash and cash equivalents were $2.002 million, working capital was $2.037 million, total assets were $19.468 million, and total liabilities were $1.387 million. On August 24, 2026, the company closed a $25 million gross private placement, including $23.7 million from new international investors, to fund Saskatchewan helium exploration, drilling, infrastructure and general corporate purposes.
Helium Evolution (TSXV:HEVI, OTCQB:HEEVF) closed a previously announced private placement for gross proceeds of $25 million, issuing 166,666,667 units at $0.15 per unit. Each unit includes one common share and one three‑year warrant exercisable at $0.30.
New international investors subscribed for $23.7 million, with insiders and other investors providing the balance. The company issued 6,317,200 finder’s warrants at $0.30 and paid a cash fee of $1,184,475. Warrants and finder’s warrants may be accelerated if the share price trades at or above $0.50 for 30 consecutive days. Net proceeds are expected to fund accelerated exploration, drilling, infrastructure for Saskatchewan helium assets and general corporate purposes.
Three new investors – Henry Maxey, Tough Investments and Alan Howard – each acquired 49,310,000 units, representing about 15.0% of outstanding shares (non‑diluted) and 19.9% on a partially diluted basis, subject to a warrant blocker. They also received pro rata participation rights, and Mr. Maxey obtained board nomination rights while holding at least 10%.
Helium Evolution (TSXV:HEVI, OTCQB:HEEVF) closed a private placement for $25 million in gross proceeds on August 24, 2026, issuing 166,666,667 units at $0.15 per unit, each with one common share and a three‑year warrant exercisable at $0.30.
New international investors contributed $23.7 million, with Mr. Henry Maxey, Tough Investments Limited and Mr. Alan Howard each subscribing for 49,310,000 units, giving each about 15.0% non‑diluted and 19.9% partially diluted ownership, subject to a blocker clause. HEVI also issued 6,317,200 finder’s warrants and paid $1,184,475 in cash fees.
All securities carry a four‑month hold. According to the company, net proceeds are expected to fund accelerated exploration and development of Saskatchewan helium assets, future drilling and infrastructure, and general corporate purposes. Certain investors received pro rata participation rights, and Mr. Maxey also obtained a board nomination right while holding at least 10% of common shares.
Helium Evolution (OTCQB:HEEVF, TSXV:HEVI) announced three key updates: a major reduction in Saskatchewan land tenure costs, strong adjacent Crown land sale results, and commencement of trading on the U.S. OTCQB Venture Market.
Over 5 million acres gain lower rental rates, annual land costs drop by over 90%, and U.S. investors gain direct trading access.