Global Helium Increases Saskatchewan Land Position Global Helium Increases Saskatchewan Land Position and Adds Third Montana Property
CALGARY, Alberta, June 27, 2022 (GLOBE NEWSWIRE) -- Global Helium Corp. (CSE: HECO) (OTC: HECOF) (the “Company” or “Global”), one of Canada’s largest and most aggressive helium exploration and development companies, is pleased to announce that it has increased its landholdings in Saskatchewan’s famed “helium runway” by 13% to 1.7 million acres. The Company has simultaneously acquired a third helium property in Montana through a strategic State and freehold leasing program, adding to the Company’s US land position, which covers only proven helium properties.
Global Helium is one of the largest helium-focused landholders in North America, with an enormous land position that extends across Canada and the United States.
In Saskatchewan, the Company has added over 300,000 acres of exploration lands in 2022 alone, and a multitude of additional permits are still awaiting government approval. The latest additions compliment the Company’s “Core Area One – Swift Current” and “Core Area Two – Regina,” (see news release dated January 25, 2022) which are the northernmost and easternmost properties held by Global. These lands were specifically sought as a result of the Company’s geophysical assessment of Saskatchewan and utilized the Company’s noteworthy in-house technical experts.
In line with the Company's stated strategic priorities (see news release dated May 18, 2022), the Company has successfully leased and acquired 25,372 acres of land across three seismically-defined and known helium-producing structures in Montana. Global’s third Montana property is located in Petroleum County, Montana where a previous exploration test yielded a gas analysis showing 3.9% Helium content. All three of Global’s Montana properties have existing wells with successful helium production tests.
Jesse Griffith, President of Global, commented, “We continue to advance our strategic priorities and corporate objective of aggressively pursuing the acquisition of proven, helium-rich lands and expanding the Company’s already massive land position. Our ability to continue growing the land base while simultaneously transitioning the company into an operationally focused, helium-producing entity showcases Global’s ability to execute the plan and exceed expectations.”
The Company has stated its strategic priorities include: (i) expanding our Saskatchewan land holdings in Canada, (ii) using geophysical, in-house technical experts, and other technologies to evaluate our land base to advance our prospects to the drill stage, and (iii) identifying and capturing new opportunities in the United States.
Global Helium is expected to form part of the solution to the long-term supply shortage that has plagued the industry for decades. The helium that Global is pursuing is defined as “Green Helium;” that is, it is produced not as a by-product of natural gas production, but with carrier gasses such as nitrogen, which makes up 78% of the air that we breathe daily. Global Helium is one of the earliest movers to pursue helium in its purest form, as a standalone business, without requiring hydrocarbon production as the primary product of pursuit.
ON BEHALF OF THE BOARD OF GLOBAL HELIUM CORPORATION
“Jesse Griffith”
Jesse Griffith
President
For more information:
Walter Spagnuolo, Investor Relations
Tel: +1 (877) 816 8163
relations@globalhelium.com
...........Bluetick