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AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0%
Financings

Helium Evolution holder converts note into shares

By The Northwire Desk — AI Analysis Oct 27, 2025 · 14:14 HEVI · 0.21 Helium Evolution Inc
HEVI · Price

Executive Summary

  • Helium Evolution Inc. converted an $8.3 million convertible note (plus $100,000 accrued interest) into 40,039,243 common shares at $0.21 per share.
  • The conversion was triggered by the achievement of the operational milestone of delivering the first load of helium from the Soda Lake facility to its offtaker.
  • Post‑conversion, Eneos Xplora USA Ltd. now holds approximately 42 % of Helium Evolution’s issued and outstanding common shares on a fully diluted basis.

Key Details

  • Convertible Note: Face value $8.3 million; accrued interest $100,000.
  • Conversion Ratio: 40,039,243 common shares issued at $0.21 per share.
  • Milestone Trigger: First helium load delivered from Soda Lake facility (announced Oct. 16 2025).
  • Shareholder Impact: Eneos Xplora USA Ltd. ownership rises to ~42 % of fully diluted common equity.
  • Agreement Reference: Automatic conversion provisions under the convertible note agreement dated Aug. 26 2025 with Eneos Xplora USA Ltd.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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