TSXV: HELIFRA: 2MC

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ABOUT US

COMPANY PROFILE

First Helium Inc. (TSXV: HELI) is a helium exploration and development company registered in British Columbia, Canada. It is focused on exploring for and developing helium reserves in the Western Canada Sedimentary Basin.

Helium is an often overlooked commodity that has high-value economics, with growing industrial demand and limited new sources of supply. Its core property located at Worsley, Alberta is located in regional proximity to key helium processing and liquefaction infrastructure in the Western and Central United States. The Company has successfully tested its first discovery well and is looking forward to bringing it into production along with exploring and developing future helium resource on its significant undeveloped land base at Worsley.

OUR PROJECTS

First Helium Inc. has acquired strategic mineral rights to over 32,000 hectares of land that provide control of a substantial portion of the prolific Worsley Trend.

DISCOVERY WELL
DISCOVERY WELL

  • Tested at 1.3% helium content.
  • Ready to produce, pending processing facility installation.

INDEPENDENT ENGINEERING REPORT
INDEPENDENT ENGINEERING REPORT

  • Sproule Associates Limited (an independent evaluator) determined the contingent
    resource to have an unrisked “best” estimate of NPV $15.2 mm (at a 10% discount rate) or $0.23 per basic share.

UPSIDE DEVELOPMENT ON ADJACENT HELIUM PROSPECTIVE LANDS
UPSIDE DEVELOPMENT ON ADJACENT HELIUM PROSPECTIVE LANDS

  • Historically active energy exploration area with existing infrastructure and well data with attractive helium levels.
  • Company Management estimate of 1 Bcf of helium gas produced from natural gas wells in the Worsley region historically, but never captured for sale to market.
  • Target three additional wells to grow helium volumes.
  • Install a scalable and modular processing facility to produce helium.

VISIBILITY ON CASH FLOW
VISIBILITY ON CASH FLOW

  • Preliminary engineering on the facility completed.
  • Raised approx. $12 million in capital to date,
  • On-stream 12-15 months from funding and kick-off

WORSLEY HELIUM PROJECT AREA

WORSLEY UNDEVELOPED LANDS

OUR TEAM

First Helium boasts a seasoned management team, board and advisory group with successful track records and experience in energy exploration and production, capital markets and finance; helium project development, construction and project management, and mining exploration and development.