First Helium Inc. is pleased to announce its intention to increase the size of its previously announced non-brokered private placement financing from C$2,500,000 to C$3,000,000. The Company will now issue up to 50,000,000 Units of the Company at a price of $0.06 per Unit, for aggregate gross proceeds of C$3,000,000. Each Unit will be comprised of one common share in the capital of the Company and one transferrable common [...]
First Helium Inc. today announced a non-brokered private placement financing of 41,666,667 Units of the Company at a price of $0.06 per Unit, for aggregate gross proceeds of C$2.5 million. Each Unit will be comprised of one common share in the capital of the Company and one transferrable common share purchase warrant . Each Warrant will be exercisable to acquire one Share at a price of $0.09 cents per Share for a period [...]
First Helium Inc. today announced details of a webinar to highlight First Helium's plans to test key exploration targets at the Company's 100% owned Worsley property in Northern Alberta during the fourth quarter of 2024. Based on a thorough evaluation of recently acquired proprietary 3D seismic data, the Company has identified a significant anomaly in the Leduc Formation which it believes to be prospective for oil. "Our [...]
First Helium Inc. today announced plans to test key exploration targets at the Company's 100% owned Worsley property in Northern Alberta, along with key corporate activities, in the second half of 2024. Highlights: The Company plans to test multiple high impact exploration targets over the next 6 months, including: A substantial structure in the Leduc Formation, identified on recently interpreted proprietary 3D seismic [...]
First Helium Inc. is pleased to announce a meaningful development at its Worsley property. "Over the past several months, our team has been working to complete the evaluation of proprietary 3D seismic data over our 100% owned Worsley property. We are excited to report that we have identified a large structure in the Leduc Formation that is on trend and substantially greater in areal extent than our 1-30 Leduc oil pool [...]
First Helium Inc. , today announced it has engaged the services of ICP Securities Inc. to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable monthly in advance. There are no performance [...]
First Helium Inc. , today announced the closing of its non-brokered private placement financing which was previously announced in the Company's press release dated January 23, 2024. First Helium issued 66,173,000 units at a price of $0.05 per Unit for gross proceeds of $3,308,650 . All monetary figures in Canadian Dollars. Each Unit consists of one common share in the capital of First Helium and one common share purchase [...]
First Helium Inc. announces that it is further amending the terms of its non-brokered private placement , which was previously announced in the Company's press releases dated November 30, 2023 and October 12, 2023. The Company has also determined not to proceed with its previously announced prospectus offering at this time and is withdrawing its preliminary short form prospectus previously filed on November 30, 2023 [...]
First Helium Inc. announces that it has filed a preliminary short form prospectus with the securities commissions in each of the Provinces of Canada , in connection with a marketed public offering of units of the Company at a price of C$0.09 per Unit for aggregate gross proceeds of up to approximately C$5 million. Each Unit shall consist of one common share of the Company and one common share purchase warrant of the [...]
First Helium Inc. , an exploration and development company with properties in Northern and Southern Alberta, at the request of CIRO, announces a clarification to its news release issued on November 8th, 2023. In its release, the Company stated: "In addition to high probability oil targets, First Helium is targeting natural gas pools containing helium, similar to the historical pools found on the western part of the [...]
Finalizes Completion Plans for Horizontal Helium Target Well First Helium Inc. , an exploration and development company with properties in Northern and Southern Alberta, is pleased to announce it has commenced preparations to bring its gas gathering pipeline infrastructure into service in conjunction with the planned installation of the 15 - 25 well helium processing facility in later 2024. In addition, the Company has [...]
Company Prepares for Oil Target Drill Testing and Prioritizes Additional Drilling Targets First Helium Inc. , an exploration and development company with properties in Northern and Southern Alberta, is pleased to announce that its two 100% owned oil wells, 1-30 and 4-29, have cumulatively produced over 105,000 barrels of approximately 35-degree API light oil through the Company's Worsley oil facilities. Since coming [...]
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