Northwire Canada EditionWednesday, October 21, 2026
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REV Engages GLJ Ltd. for Expanded Technical Support Ahead of Upcoming Drilling and Evaluation Programs

Rev hires GLJ for Montana helium drilling to advance its exploration phase.

Executive Summary

Rev Exploration Corp. has engaged Calgary-based GLJ Ltd. to provide expanded geoscience and engineering support for its upcoming inaugural drill program targeting helium in Montana and the Northern Great Plains. The engagement covers technical data integration, subsurface interpretation, prospect evaluation, pre-drill technical support, post-drill analysis, and deposit modeling.

The move follows the completion of an 8.5 square mile 3D seismic survey at the West Butte Project on August 13, 2026, positioning the company to delineate specific drilling targets.

In a separate advisory agreement, the company signed with Hampton Securities Limited for C$400,000 plus taxes, payable upon execution. The company also granted 125,000 stock options to consultants at an exercise price of $1.55 per share, vesting quarterly over four installments and expiring August 17, 2031.

Material Impact

Rev Exploration Corp. (REVX) has engaged GLJ Ltd. to conduct a follow-up survey at its West Butte project, a move that aligns with management’s stated plan to advance the property toward drilling following the completion of a prior seismic survey. This engagement adds technical bandwidth and reduces subsurface uncertainty ahead of the drill program but does not constitute a material positive or negative catalyst on its own.

The company also announced a Hampton Securities fee, which represents a cash outflow that will further deplete the company's already limited treasury. Additionally, a stock option grant was issued at-the-money at $1.55. This compensation is standard for consultants and carries expected dilution but no immediate market-moving impact. Overall, the news is incremental and expected, confirming the progression of the exploration timeline without altering the fundamental risk/reward profile of an early-stage exploration company.

REVX · Price
Company Overview

Rev Exploration Corp. (REVX) is an exploration-stage company focused on helium and natural hydrogen in North America, specifically targeting the Northern Great Plains and cross-border projects in Montana and Alberta. Its flagship assets include the West Butte Project in Montana, where an 8.5 square mile 3D seismic survey was completed in August 2026, and the Aden Dome Project along the Alberta-Montana border, which has been described as drill-ready.

In early 2026, the company pivoted its strategic focus from gold exploration in Quebec to helium and natural hydrogen, selling its Chibougamau gold assets to Major Gold Corp. in exchange for equity and cash. Rev Exploration also holds a 6 million share stake, representing approximately 5%, in MAX Power Mining Corp. (CSE: MAXX), which is advancing a natural hydrogen discovery in Saskatchewan. The company operates with no revenue and relies entirely on equity financing to fund exploration and corporate activities.

Read the original news release →

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