Arrangement Calls for Sale of up to $US100 Million of Helium During First 5 Years

TSXV: HELI    OTCQX: FHELF    FRA: 2MC

CALGARY, AB, May 24, 2023 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), is pleased to announce that it has entered into a long-term “take-or-pay” helium supply agreement (the “Agreement”) with a major global industrial gas supplier (the “Purchaser”) to sell helium gas production from its Worsley Property. The Company has agreed to sell to the Purchaser 80% (with an ability to potentially sell up to 100%) of its produced … Continue Reading

Company Completes 3D Seismic Program at Worsley

TSXV: HELI    OTCQX: FHELF    FRA: 2MC

CALGARY, AB, April 11, 2023 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today announced that it has exercised an option to acquire 640 acres of highly prospective helium exploration lands at Dixonville which are located nearby existing well penetrations with indicated grades, or helium concentrations, ranging from 1.7% to 5.7%. The option was exercised for nominal cost and is expected to close this month. In addition, the Company has successfully completed the field work phase of its … Continue Reading

Company Highlights Drill-Ready Location on its Southern Alberta
Helium Lands

CALGARY, AB, Feb. 8, 2023 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today announced that it has commenced work on its proprietary 21 km2 (or approximately 5,200 acres) 3D seismic data acquisition program over recently acquired lands at its Worsley property. The program will focus on a select area of the new lands which are located southeast of, and contiguous to the Company’s 15-25 helium well and two successful oil discoveries.

“We are very pleased to begin our 3D seismic … Continue Reading

TSXV: HELI    OTCQX: FHELF    FRA: 2MC

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CALGARY, AB, Dec. 22, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today announced the closing of the non-brokered private placement financing (the “Offering) disclosed on November 30, 2022. First Helium issued 12,192,000 units (“Units”) at a price of $0.20 per Unit for gross proceeds of $2,438,400.  All monetary figures in Canadian Dollars.

Each Unit will consist of one common share (a “Share“) in … Continue Reading

TSXV: HELI    OTCQX: FHELF    FRA: 2MC

Company to Optimize Oil Production Rates at Worsley

CALGARY, AB, Dec. 15, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today announced that it has received the necessary regulatory approvals to commence operation of its water disposal well at the Worsley Oil Battery. The Company is activating disposal operations immediately to facilitate increased oil production with materially reduced ongoing operating costs.

“We are very pleased to receive regulatory authorization to begin water disposal operations at our Worsley Oil Battery which will result in increased … Continue Reading

TSXV: HELI OTCQX: FHELF FRA: 2MC

/Not for distribution to United States newswire services or for dissemination in the United States./

VANCOUVER, BC, Nov. 30, 2022 /CNW/ – First Helium Inc. (“First Helium” and / or the “Company“) (TSXV: HELI) is pleased to announce a non-brokered private placement whereby the Company will issue up to 10,000,000 Units (the “Units”) for total gross proceeds of up to $2,000,000.

Each Unit will be issued at a price of $0.20 and consist of one common share (a “Common Share“) in the capital of the Company and one common share purchase … Continue Reading

Company Posts Positive Earnings and Operating Cash Flow for H1

TSXV: HELI  OTCQX: FHELF   FRA: 2MC

CALGARY, AB, Nov. 30, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today provided a summary highlighting the Company’s progress during the past year and focus for the next 12 months. All monetary figures shown in Canadian Dollars.

“In 2022, First Helium achieved a number of significant milestones which have substantially increased the Company’s underlying asset value and further advanced the Company toward becoming a leader in Canadian helium exploration and development,” said Ed … Continue Reading

CALGARY, AB, Nov. 28, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), is pleased to provide the results of its Annual and Special Meeting of Shareholders which was held on November 2, 2022. In addition, First Helium recently revised its corporate website, which includes an updated investor slide deck.  The website is accessible at www.firsthelium.com.

At the Annual and Special Meeting of Shareholders, 16,516,412 shares were voted and the Company received majority shareholder approval for the following:

1. Re-elected the incumbent four directors for the ensuing year as … Continue Reading

TSXV: HELI    OTCQX: FHELF    FRA: 2MC

Company Completes Disposal Well Conversion

CALGARY, AB, Nov. 23, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC) today provided an update on operating activities at its Worsley property.  The conversion of a previously abandoned well bore to a water disposal well, along with necessary equipment installation and modifications to its Worsley Oil Battery, has been successfully completed. The project, which was designed to reduce operating costs and enable optimized production at the Worsley Oil Battery, is ready to be put into operation pending final … Continue Reading

TSXV: HELI     OTCQX: FHELF     FRA: 2MC

Company Acquires Over 25,000 Acres of Land at Worsley

CALGARY, AB, Aug. 24, 2022  /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQX: FHELF) (FRA: 2MC), today announced that it has completed drilling and cased the 14-23 horizontal well for future completion as a potential gas well, with helium content, that would coincide with the planned installation of a helium processing facility at Worsley.  The Company also announced that it has acquired 40 sections (25,600 acres) of contiguous land in the Worsley area for future exploration and development.  Lastly, … Continue Reading

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

Receives $1.2 Million for Oil Deliveries in June

CALGARY, AB, Aug. 2, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced that it has received a reserve report from its independent evaluator, prepared in accordance with “NI 51-101” guidelines, indicating Total Proved plus Probable (“2P”) gross reserves of 505,100 barrels of light oil with corresponding NPV 10% of $24.6 million1,2, for its oil property at Worsley. In addition, the Company received revenue of approximately $1.2 million in late July for oil … Continue Reading

TSXV: HELI    OTCQB: FHELF    FRA: 2MC

CALGARY, AB, July 18, 2022 /CNW/ – First Helium Inc. (“First Helium” or the “Company”) (TSXV: HELI) (OTCQB: FHELF) (FRA: 2MC), today announced the commencement of drilling its third exploration well, the “14-23” target, which is located on First Helium’s 100% owned, 79,000 acre Worsley landholdings in Northern Alberta, Canada. Targeting multiple helium-bearing formations, successful drilling of the 14-23 well will potentially add incremental contingent resource1 volumes to those of the successful 15-25 helium discovery well, which has been independently evaluated.

 “Drilling the 14-23 helium target provides us the opportunity to build … Continue Reading