Helium Evolution Incorporated Announces Closing of Private Placements
Calgary, Alberta, April 7, 2025 – Helium Evolution Incorporated (TSXV:HEVI), a Canadian-based helium exploration company, is thrilled to announce the successful completion of the second tranche and an outsider private placement, collectively referred to as the “Private Placements,” as previously announced on March 10, 2025.
Details of the Private Placements
The Private Placements raised an aggregate of CAD $4.4 million through the issuance of 12,250,000 common shares of the Company at a price of CAD $0.36 per share. The proceeds from the Private Placements will be utilized for the Company’s ongoing exploration activities, the development of its assets in southern Saskatchewan, and general corporate purposes.
Impact on Helium Evolution Incorporated
This significant investment will provide Helium Evolution Incorporated with the necessary resources to accelerate its exploration and development activities in southern Saskatchewan. The Company’s assets hold substantial potential for helium discoveries, making this a crucial time for HEVI. With increased financial support, the Company can expand its operations, hire additional staff, and explore new opportunities, ultimately enhancing its value for shareholders.
Global Implications
The global helium market is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2020 to 2027, reaching a value of USD 7.7 billion by 2027. Helium is a critical component in various industries, including medical, electronics, and welding. With the growing demand for helium, companies like Helium Evolution Incorporated play a vital role in ensuring a steady supply of this essential gas. The success of the Private Placements signifies investor confidence in HEVI’s ability to contribute to the global helium market, potentially leading to increased competition and innovation within the industry.
Conclusion
Helium Evolution Incorporated’s successful completion of the Private Placements is a significant milestone for the Company, enabling it to advance its exploration and development activities in southern Saskatchewan. This investment not only strengthens HEVI’s financial position but also underscores investor confidence in the Company’s potential to contribute to the global helium market. As Helium Evolution Incorporated continues to explore and develop its assets, it is poised to make a significant impact on both the Canadian helium industry and the global market.
- Helium Evolution Incorporated raises CAD $4.4 million through Private Placements
- Proceeds to be used for exploration, development, and corporate purposes
- Global helium market expected to grow at a CAGR of 7.4% from 2020 to 2027
- HEVI’s success signifies investor confidence and potential for increased competition and innovation
