Source: Global Helium.
  • Global Helium (HECO) has acquired a large landholding in a known, helium-proven geological structure in Montana, known as “Pale Rider”
  • The acquisition includes seventeen square miles on a known helium prospect, which has previously produced and tested 1.2 per cent helium
  • This acquisition is expected to be the first of several in the United States
  • The company has granted 1,300,000 stock options to directors, officers, employees and consultants
  • Global Helium is an exploration stage company focused on the acquisition, development, and production of helium
  • Global Helium Corp. (HECO) opened trading at C$0.465 per share

Global Helium (HECO) has acquired a large landholding in a helium-proven geological structure in Montana, known as “Pale Rider”.

The acquisition includes seventeen square miles on a known helium prospect, which has previously produced and tested 1.2 per cent helium.

This acquisition is expected to be the first of several in the United States, supporting Global Helium’s goal of becoming one of the largest helium producers in North America.

Global’s team had studied all existing seismic and technical data prior to making the Pale Rider acquisition. The company is confirming several target locations and is working to procure a surface lease with the intention of mobilizing a drill program.

Wes Siemens, President of Global Helium, commented on the acquisition.

“We are beyond excited about our initial entry into the United States and the multitude of opportunities that our team is evaluating to continue our aggressive expansion in North America. Months of technical work and negotiations have finally resulted in our first step into the United States on a structure with proven helium production. We have concurrently advanced our Saskatchewan areas to the drill ready stage, which is a testament to the strength and depth of both our asset base and the Global team.”

Global Helium will continue pursuing acquisitions of proven, helium-rich lands with either known helium, previous helium production, or both.

The company has granted 1,300,000 stock options to directors, officers, employees and consultants, as per the company’s stock option plan. The options vest over a 12-month period, are exercisable at a price of $0.41 per share and expire in May 2027.

Global Helium is an exploration stage company focused on the acquisition, development, and production of helium to meet the increasing helium demand and shrinking helium supply in North America and around the world. 

Global Helium Corp. (HECO) opened trading at C$0.465 per share.

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