REV Completes Acquisition of Montana Helium Properties
REV Exploration Aggressively Consolidates Montana Helium Footprint Following Strategic Pivot
The most recent news (March 18, 2026) confirms the completion of the acquisition of helium leasehold interests in Montana. This follows the LOI announced on February 4, 2026. Key terms include a cash payment of $250,000 USD and the issuance of 551,876 common shares at a deemed price of $0.74. This acquisition expands REV’s footprint to approximately 19,000 acres, nearly quadrupling its previous holdings. The company has also established a US subsidiary, REV Exploration USA, Inc., and engaged Hampton Securities for advisory services.
The impact is Routine - Positive. While the land expansion is significant (4x), the market was already aware of this transaction via the February 4th LOI. The "deemed price" of $0.74 for the shares issued suggests the stock has seen significant appreciation from the $0.30-$0.40 levels seen during the January 2026 financing. - Strategic Alignment: This completes the company's pivot from a Quebec gold explorer to a US-focused Helium/Hydrogen player. - Execution: Management is following through on the "Northern Great Plains" strategy outlined in early 2026. - Dilution: The share issuance (551k shares) is minimal (approx. 1%) relative to the 53M shares outstanding, representing a disciplined acquisition.
REV Exploration (formerly Gitennes Exploration) has pivoted to Natural Hydrogen and Helium. - Flagship Project: Aden Dome (Alberta-Montana border). An 18 sq. km area targeting "Naturally Occurring Hydrogen" (NOH) in the Basal Cambrian sandstone and basement complex. - Secondary Focus: Montana Helium properties (14,000+ new acres) in the Sweet Grass Hills area.