- Global Helium Corp. (HECO) has made several acquisitions expand the company’s property holdings to over 1.2 million acres in Saskatchewan
- Global Helium retains over $9.5 million in cash on its balance sheet and is the second largest land holder of helium rights in Canada
- It has 100 per cent ownership combined with royalties of less than 5 per cent resulting in greater than 95 per cent net revenue interest
- The company’s current three Canadian core areas provide significant helium prospectivity over a variety of targets and risk profiles
- Global Helium Corp. (HECO) is up 4.96 per cent and is trading at $2.54 per share as of 3:53 p.m. ET
Global Helium Corp. (HECO) has expanded its property holdings to over 1.2 million acres in Saskatchewan.
The additional acreage augments all three of the company’s core areas in Saskatchewan.
Global Helium retains over $9.5 million in cash on its balance sheet and is the second-largest landholder of helium rights in Canada.
It has 100 per cent ownership combined with royalties of less than 5 per cent resulting in greater than 95 per cent net revenue interest.
Wes Siemens, President of Global Helium, stated “we continue to advance our strategic priorities which include expanding our Saskatchewan land holdings, evaluating our land base to advance several prospects to the drill stage, and identification of other prospects across North America.”
Global Helium is still actively engaged in adding prospective acreage monthly.
The company’s current three Canadian core areas provide significant helium prospectivity over a variety of targets and risk profiles.
Core Area One encompasses almost 760,000 acres and one formation on the Lawson Structure land known shows a four-way closure over 17,000 acres and is a potential structural trap for helium.
Core Area Two covers over 215,000 acres and has several adjacent wells that have tested helium concentrations ranging from 1.4 per cent to 2.45 per cent.
Core Area Three occupies over 235,000 acres and sits in the middle of two recent helium discoveries at Eastbrook and Climax, Saskatchewan.
Global Helium’s current land holdings are in Saskatchewan’s famed “helium fairway,” home to most of Canada’s helium reserves and production.
Global Helium Corp. (HECO) is up 4.96 per cent and is trading at $2.54 per share as of 3:53 p.m. ET.
