Helium Evolution provides half year update; confirms another well spud


Helium Evolution has released its first half 2023 update, confirming that the team is actively working on the development of prospective helium targets and internally generating drilling opportunities that can be pursued through Q1 2024.

The Canada-based helium exploration company also said it continued to execute on its focused strategy of its 5.6 million acres of helium rights in southern Saskatchewan in the first half of the year.

In turn, this will help the company achieve its ultimate goal of producing and selling helium.

Helium Evolution has maintained ongoing financial flexibility, demonstrating a working capital position of $8.8m, as of 30th June 2023.

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