- Global Helium Corp.(HECO) acquires acreage in Saskatchewan’s helium fairway, advancing its owned property to over 1.5 million acres
- Global Helium now has over $9.5 million in cash and is Canada’s second largest land holder of helium rights due to the acquisition
- Global has a 100 per cent per cent ownership of the entire 1.5 million acres and pays royalties of less than five per cent
- Its three Canadian core areas provide significant helium prospectivity over a variety of targets and risk profiles
- Global Helium Corp.(HECO) is down 1.69 per cent trading at $1.16 per share as of 10:36 a.m. EST
Global Helium Corp. (HECO) has acquired acreage in Saskatchewan’s helium fairway, advancing its owned property to over 1.5 million acres.
Global Helium now has over $9.5 million in cash and is Canada’s second-largest landholder of helium rights.
Global has a 100 per cent ownership of the entire 1.5 million acres and pays royalties of less than five per cent.
The additional acreage increases the company’s total landholdings across all three core areas in Saskatchewan to 1,535,168 acres.
Global is still actively adding acreage to its portfolio.
Its three Canadian core areas provide significant helium prospectivity over a variety of targets and risk profiles.
Core area one encompasses over 835,000 acres.
Large geological structure targets have been long known to exist in the area and were proposed for helium exploration in 1960.
Core area two encompasses 425,000 acres and there are multiple stratigraphic formations and helium targets.
Global’s land flanks that of other helium explorers who have previously announced their intentions to pursue several drilling targets adjacent to the company’s land.
Core Area Three encompasses 275,000 acres and sits in the middle of two recent helium discoveries at Eastbrook and Climax, Saskatchewan.
Wes Siemens, President of Global, added,
“In addition to new land updates, I look forward to updating shareholders on our extensive geoscience program over the coming weeks and months… The combination of multiple technologies will give us the best resolution and information upon which to make technical and operational drilling-focused decisions.”
Global Helium Corp. (HECO) is down 1.69 per cent trading at $1.16 per share as of 10:36 a.m. EST.
