Calgary-Based Global Helium Corp. Sells Assets in Montana for $300,000
Calgary, Alberta – April 02, 2025 – Global Helium Corp. (HECO), a leading helium exploration and production company with operations in North America, is thrilled to announce the successful sale of two valuable assets in Montana. The Company sold one standing well and one section of associated mineral rights, both located in the Rudyard area. An arm’s length helium operator acquired these assets, and HECO received a cash consideration of USD $300,000.00.
Impact on Global Helium Corp.
This sale represents an essential step for Global Helium Corp. in its strategic plan to optimize its asset portfolio and focus on high-potential projects. By selling non-core assets, HECO aims to strengthen its financial position, allowing for increased investments in research and development, as well as expansion into new markets. The proceeds from this sale will be allocated towards these initiatives, ensuring the Company remains at the forefront of the helium industry.
Impact on the Helium Industry and Consumers
The sale of these assets by Global Helium Corp. to an arm’s length helium operator signifies continued interest and investment in the helium sector. As the world’s second-largest helium producer, Montana plays a significant role in the global helium market. This transaction reinforces the importance of Montana’s helium resources and the potential for further growth in the industry. Moreover, it may lead to increased competition, potentially resulting in price stability and affordability for consumers reliant on helium for various applications, including welding, MRI machines, and semiconductor manufacturing.
Conclusion
The successful sale of assets by Global Helium Corp. in Montana marks a significant milestone for the Company as it continues to focus on its strategic objectives. This transaction not only strengthens HECO’s financial position but also highlights the continued investment and interest in the helium industry. The impact on the industry and consumers is positive, with potential price stability and affordability in the helium market. As Global Helium Corp. continues to innovate and explore new opportunities, it remains committed to delivering value to its stakeholders and contributing to the growth of the helium sector.
- Global Helium Corp. sells assets in Montana for USD $300,000
- Company focuses on high-potential projects and optimizes asset portfolio
- Continued interest and investment in the helium sector
- Price stability and affordability potential for consumers
