Rev Exploration eyes Montana helium, hydrogen interests

Executive Summary

• Rev Exploration Corp. has entered into a non-binding Letter of Intent (LOI) to acquire oil and gas leasehold interests in the Sweet Grass Hills area of Montana from a publicly listed helium company.
• The acquisition is strategic, targeting helium and natural hydrogen, and is complementary to the company's Aden Dome project in Alberta.
• The transaction would nearly quadruple Rev's total landholdings from 4,845 acres to approximately 18,998 acres.

Key Details

• Transaction Structure: The acquisition involves a cash payment of $250,000 (U.S.) payable on closing and the issuance of common shares with an aggregate deemed value of $300,000 (U.S.) to the vendor.
• Land Expansion: The deal increases Rev's total landholdings from 4,845 acres to approximately 18,998 acres.
• Strategic Focus: The Montana land package targets helium and natural hydrogen in America's Northern Great Plains states.
• Closing Conditions: The transaction is subject to the execution of a definitive agreement, satisfaction of customary closing conditions, and receipt of required regulatory approvals, including acceptance by the TSX Venture Exchange.
• Clarification on Prior Financing: The company clarified that insiders did not participate in the LIFE (listed issuer financing exemption) offering announced on Jan. 16, 2026; insider participation was limited to a concurrent non-brokered private placement subject to a four-month-and-one-day hold period.

Notable Quotes

• No direct quotes from management were included in the provided text.