Highlights
- Worsley Helium Discovery Well Processing Facility Design Study Complete
- Next Steps, Off-take Agreement and Construction Kick-off, Cash Flow H2 2023
- Cash Flow from Two Oil Well Discoveries Helps Fund Exploration
- Worsley Development Project Holds Significant Exploration Upside
- Recent Drill Test at Worsley Sets Up for Potential Regional Development
- Summer ’22 Land Acquisition of 25,000+ Acres Concentrates Worsley Exploration Inventory
- Targeting first Lethbridge Exploration Well for 2023 on Expansive Land Base
Successful Explorer with Cash Flow
Recent oil exploration success helps fund ongoing helium exploration and minimizes dilution to shareholders. An active drill program will be the engine to continue to grow cash flows into the future.
Helium is A Precious Commodity
It’s highly sought after, the price is rising, and Big Tech, Medical and Aerospace depend on a steady, reliable supply. The current tight market continues to send helium prices higher.
Real Assets in Proven Areas
First Helium’s assets in Worsley and Lethbridge are proven, helium-rich producing areas. The Company’s geological team has already made discoveries in Worsley and have a long list of targets identified to grow the company into the future.
WHY FIRST HELIUM?
First Helium Inc. (“First Helium”, the “Company” or “HELI”) is a Canadian company exploring and developing two premier helium projects in Alberta, Canada. This portfolio of high-value, low-risk to high-impact exploration projects are among the most advanced helium assets held by junior companies in North America.
The Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 60,000 acres. It holds First Helium’s helium discovery well and two successful oil wells. Its fourth well, a helium target, was successfully drilled horizontally and cased for future completion and testing. The company plans to continue drilling at Worsley throughout 2023.
The Southern Alberta Helium Fairway Project (“Lethbridge”) covers over 276,000 acres. Over 60% of First Helium’s acreage has 3D seismic coverage – critical for identifying subsurface structures and closure necessary for trapping helium. The company plans to spud its first well at Lethbridge in 2023.
