Helium Evolution Secures Offtake Agreement

Executive Summary

• Helium Evolution Inc. signed a helium offtake agreement for its 20% working interest in the Soda Lake Facility, committing the buyer to purchase 100% of HEVI’s share of production.
• The agreement has an initial one‑year term with renewal options and represents a significant commercial milestone as the facility moves toward start‑up in Q4 2025.
• Pricing terms and counterparty identity remain confidential under confidentiality provisions.

Key Details

• Facility: Soda Lake Facility, Mankota area, Saskatchewan – final testing stage; start‑up of purification plant and connected wells targeted for early Q4 2025.
• Working Interest: HEVI holds a 20% working interest in the facility.
• Offtake Scope: Buyer will purchase 100% of HEVI’s share of helium production from the facility.
• Term: One‑year initial term with renewal options (details not disclosed).
• Pricing & Counterparty: Not disclosed due to confidentiality.
• Strategic Significance: First commercial offtake for HEVI, underscoring growing global demand for helium and supporting the company’s goal to become a leading supplier of sustainably produced helium.

Notable Quotes

(No direct quotes were provided in the release.)