First Helium Inc.
First Helium Inc. is a Canadian company developing helium production to meet growing demand in the high-tech global market. The company is positioned to become a leading North American producer, leveraging a de-risked, low-cost strategy to achieve near-term cash flow. The Company has recently raised ~$12 mm which it will deploy primarily to the development of its Worsley Helium Project, anchored by its successful Helium Discovery Well. The Discovery Well has successfully tested at 1.32% Helium Content and is ready to be brought into production. In addition to finalizing helium processing arrangements to bring the Discovery Well on stream, the Company is undertaking a 3 well development program on its large prospective helium land base at Worsley to expand helium volume production. The Company has recently filed its Final Prospectus and expects its shares to begin trading on the TSX-V in mid-July.