Saturday, July 12, 2025

Latest

First Helium Acquires Pipeline Assets Along Flagship Property

First Helium (TSXV: HELI) this morning announced that it has acquired certain infrastructure pieces for the ongoing development of its helium assets in western Canada. The firm has acquired certain pipeline assets in addition to further land.

The acquisition has seen the company acquire 40 kilometres of “natural gas gathering pipeline assets.” Acquired for just $25,000 in cash and abandonment and reclamation liabilities of up to $200,000 in the future, the deal reportedly saves the company $6 million to $8 million in capital costs.

The pipeline runs across the firms land base along the Worsley trend, and will be connected to the firms processing facility that is currently in the planning stage. Surplus natural gas produced from its wells are expected to be transported to market via the new pipeline assets.

Also included in the acquisition is a further 1,920 acres of land and two previously operating wells that are now suspended. The wells are being re-evaluated for production, with one well containing a historical 0.83% helium content, and the other having a figure close to 1.0% while being tied into the pipeline network.

First Helium last traded at $0.25 on the TSX Venture.


Information for this briefing was found via Sedar and First Helium. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

First Helium Sees Light Oil Production Of 435 BOPD Begin At Worsley

While it may not be helium, production has officially begun for First Helium (TSXV: HELI)....

Tuesday, February 1, 2022, 08:03:23 AM

First Helium Sees First Well Encounter Light Oil Flowing 419 bbl/d

The results are in from First Helium’s (TSXV: HELI) exploratory well that was initially announced...

Tuesday, December 7, 2021, 07:55:31 AM

First Helium: A Self-Funded Helium Exploration Play – The Daily Dive

Closing out the week on The Daily Dive is that of Ed Bereznicki, CEO of...

Friday, April 8, 2022, 01:30:00 PM

First Helium Closes $9.2 Million Private Placement Ahead Of Go-Public

First Helium announced this morning that it has closed its previously announced private placement. The...

Friday, March 19, 2021, 07:17:09 AM

First Helium To Develop New Shallow Heavy Oil Discovery

First Helium (TSXV: HELI) appears to be going through a slight identity crisis, announcing this...

Thursday, March 20, 2025, 08:41:05 AM