REV Drills Into Multiple Helium-Bearing Horizons at Aden Dome

Rev Exploration Corp. (REVX) issued a press release on September 25, 2026, regarding drilling activities at the Aden Dome project, specifically the maiden well Aden 12-4-1-9W4, located on the Alberta–Montana border. The company reported that geophysical logs conducted during the drilling operation identified "highly elevated Helium concentrations with exceptional reservoir properties" across "multiple distinct geological horizons." Additionally, the release noted a "strong Natural Hydrogen show" encountered in the basement complex near the contact with the Basal Cambrian Sandstone.

The company stated that a service rig has been contracted to begin evaluation of the helium zones, including assessments of pressure, reservoir quality, gas composition, and potential deliverability, starting the week of November 2, 2026.

The release also outlined the company’s current asset base, which includes approximately 10,600 acres of Montana oil and gas leasehold, PNG leases in Alberta including Aden Dome, 6 million MAX Power shares, and 12.4 million Major Gold shares. Corporate communications highlighted that the U.S. Department of Energy designated helium a Critical Material on October 23, 2026, and included a promotional video link titled "Why Helium Matters."

The company included a cautionary statement in the release, noting that "The reported Helium and Natural Hydrogen indications do not, by themselves, establish commercially recoverable quantities or economic viability." The announcement did not provide specific from/to intervals, depths, thicknesses, helium percentages, pressures, flow rates, or gas-composition analysis. It also did not disclose the number of zones or metres logged, nor did it identify an assay laboratory, a Qualified Person, sampling methodology, or a QA/QC programme.

Rev Exploration Corp. (REVX), a pre-resource explorer with no revenue or helium resource, released details regarding its first well at the Aden Dome. The announcement, which confirmed drilling had commenced, was issued without providing any assay results, composition data, flow rates, or pressure measurements. The company indicated that further substantive data is expected in November.

The stock’s valuation reflects significant anticipation of a discovery. Following the Sept 25, 2026 announcement that drilling had begun, shares closed at C$1.99, a high for the period provided. This represented an increase from C$1.56 on Sept 11 and the C$1.02–1.05 range seen in late July. The equity has risen approximately 4–5 times from financings in Jan 2026 at C$0.30 and C$0.40 per share, and roughly 50% from the July 2026 base. With a market capitalization of C$94 million and no established resource, the current price assumes a successful discovery.

Since the Sept 25 announcement, shares have declined approximately 21%, falling from C$1.99 to C$1.58 over five weeks. The stock recorded a series of lower highs, moving from $1.99 to $1.86, then $1.78, and finally $1.63, suggesting that some of the anticipation premium has already been absorbed by the market.

The current release provides no quantitative data to validate the price assumptions. While the announcement noted multiple charged horizons implying a working charge, migration, and trap system, this is an interpretation rather than a measurement. The lack of assay or production data defers confirmation of a discovery to November, a timeline that contrasts with the stock’s recent performance driven by speculative expectations.

Rev Exploration Corp. (TSXV: REVX; OTCID: REVFF), a Kelowna, BC-domiciled junior, has shifted its focus from Quebec gold exploration to helium and natural hydrogen development along the Alberta–Montana border. The company currently reports no revenue, production, mineral resource, or helium reserve.

The company’s asset portfolio includes the 100%-owned Aden Dome Project, comprising PNG leases on the Alberta side of the border. Drilling is underway at the Aden 12-4-1-9W4 well, targeting a four-way closure with stacked Devonian Beaverhill Lake and Basal Cambrian intervals.

In Toole County, Montana, Rev Exploration holds the West Butte Project, covering 6,171 acres (8.5 sq mi or 22 sq km). The company acquired 3D seismic data in August 2026 and has defined interpreted targets, though drilling is pending permitting from the Montana Board of Oil and Gas Conservation. CEO descriptions have characterized the site as the "biggest project in Montana."

The company also holds Montana oil and gas leasehold, with acreage figures varying across reports: approximately 10,600 acres in the current release, ~16,000 acres in August 2026, and ~19,000 acres total in March 2026.

Rev Exploration’s balance sheet includes 6 million shares of MAX Power Mining (CSE: MAXX), carried at roughly C$15.6 million in the May 15, 2026 corporate update based on a price of C$2.61 per share. The company also holds 12.4 million shares of privately held Major Gold Corp., which is pursuing a TSXV listing and previously acquired Rev’s ~50,000 ha Chibougamau gold package.

Financial data for the period ended March 31, 2026, shows cash of C$3,225,570 and working capital of C$3,536,240. The company reported a net loss of C$2,941,462, with selling, general and administrative expenses of C$1,717,168 and share-based compensation of C$1,433,640. Operating cash outflow was C$2,381,712, while total equity stood at C$13,461,795. The company had 54,997,303 shares outstanding, no debt, and no going-concern flag.

On June 1, 2026, Rev Exploration closed a gross C$4.0 million placement led by Sprott, issuing 4,210,526 units at C$0.95 each, with half-warrants exercisable at C$1.20. This transaction increased the share count to approximately 59.2 million and raised Sprott’s stake to ~18.1%.

Administrative expenses in 2026 include a US$250,000 payment to i2i Marketing, a US$240,000 contract with Stockchain for investor relations, and C$100,000 in Hampton advisory fees plus a further C$400,000 Hampton engagement. This totals nearly C$1 million in advisory and promotion spend, compared to exploration capital expenditure of C$644,368 in Q1-2026.