Helium Evolution Incorporated · TSXV:HEVI
Helium Evolution — Investor Presentation (January 2026)
25 slides from Helium Evolution's investor presentation, January 2026
Slide 1: Developing Canada’s Helium Resources – Corporate Presentation
Developing Canada’s Helium Resources Corporate Presentation January 2026 TSXV : HEVI
Slide 2: Reader Notice – Forward-looking Statements
Reader Notice Forward-looking Statements Certain statements contained in this corporate presentation may constitute forward-looking information and statements, including "future-oriented financial information" and "financial outlook", under applicable securities laws. All statements in this corporat
Slide 3: About Helium Evolution (TSXV:HEVI)
About Helium Evolution (TSXV:HEVI) The evolution of our helium assets demonstrates steady progress from discovery to development, supporting long term growth. With infrastructure in place, we are well positioned to efficiently convert future discoveries into production. Numerous Near-Term Strategic
Slide 4: ENEOS Xplora Strategic Investment & Partnership
ENEOS Xplora Strategic Investment & Partnership ENEOS Xplora USA Limited (“ENEOS Xplora”) is a wholly owned subsidiary of ENEOS Group, Japan’s largest energy, resources and materials conglomerate with a current revenues of $91 billion USD. Private Placement Collaboration Agreement Details • 15,940,0
Slide 5: ENEOS Xplora Expands Investment - Convertible Note
ENEOS Xplora Expands Investment - Convertible Note Convertible Note • $8.3 million convertible note closed August 29/25 (the “Convertible Note”) • Proceeds to be used for Soda Lake Facility and Mankota development campaign • Convertible Note was automatically converted on Oct 24/25 nto common shares
Slide 6: Capital Structure & Leadership
Capital Structure & Leadership HEVI Share Capitalization @ Jan. 16, 2025 Management Board of Directors Total Basic Shares Outstanding 163,013,796 James P. Baker * James P. Baker* Interim President, CEO & Director Chair & Independent Director Options (avg. exercise price $0.27/share) 10,943,550 Warra
Slide 7: Helium (He) – a Critical Mineral
Helium (He) – a Critical Mineral Declared a critical mineral by many countries, including Canada in 2021 Conventional Vertical >0.3% He Content Regional Data Used Drilling Considered Economic Targeting Basement Nitrogen Carrier Gas Highs PROVEN Up to: Helium produced in HELIUM CONTENT1 2.0% Saskatch
Slide 8: HEVI Land Base
HEVI Land Base • Land offsets significant helium discoveries by North American Helium • Low cost, long-term permits and leases with 21 year lease terms; drilling not required to maintain permits • 17 wells drilled on HEVI land 160 miles Abbey 120 miles Fox Glenbain Mankota/Grasslands TARGET AREA Val
Slide 9: Helium Anomalies – Exploration Premise
Helium Anomalies – Exploration Premise Sparse well data: ~1 well Saskatchewan per 150,000 acres government mapping 100+ wells in last 5 years Highly correlative to known helium discoveries Geophysically Robust prospect driven plays portfolio Acquired >2,000 km of seismic >185 Sawatsky anomalies incl
Slide 10: Mankota/Grasslands Project
Mankota/Grasslands Project TSXV : HEVI STRICTLY PRIVATE & CONFIDENTIAL | 10
Slide 11: Development Program
Development Program ✓ Strategic Location: HEVI lands are adjacent to NAH’s producing Mankota pool Earlie sands ✓ Proven Results: 10 wells drilled on HEVI land, with six Soda Lake helium discoveries Facility ✓ Multiple Targets: Two established helium plays – Basal 5-30 Sand Unit and Earlie Sandstone
Slide 12: Path to Helium Sales – Soda Lake Facility
Path to Helium Sales – Soda Lake Facility ✓ Facility Capacity: 12 MMscf/day raw gas processing facility ✓ Strategic Partnership: Developed in partnership with NAH, Canada’s largest dedicated helium producer (HEVI – 20% working interest) ✓ Fully Commissioned: Enables rapid tie-in of future helium wel
Slide 13: Six Helium Discoveries
Six Helium Discoveries Wellhead Flowing HEVI Flow Rate Pressure Working Well Helium % (MMscf/d) (kPa) Interest Zone 2-31 0.95 4.0 5,500 20% Basal 9-35 0.64 7.0 9,000 20% Earlie 10-1 0.75 9.5 10,800 20% Earlie 10-36 0.94 11.5 13,100 20% Earlie 5-30 0.76 9.7 10,700 20% Basal 9-18 0.87 0.7 690 20% Basa
Slide 14: Indicative Economics – Single Well
Indicative Economics – Single Well1 Key Economic Assumptions: Raw gas production 4,000 mcf/d Raw gas production 0.95% Helium concentration 4.25% Crown royalty Drill, complete, equip and $3.3M tie-in Facility cost per million cubic $2.0M feet of raw gas 10 year Estimated well life 1 Based on HEVI ass
Slide 15: Other Prospective Areas
Other Prospective Areas TSXV : HEVI STRICTLY PRIVATE & CONFIDENTIAL | 15
Slide 16: Glenbain
Glenbain • HEVI’S internal interpretation suggests that numerous targets on HEVI’s land display similar characteristics to the NAH Cadillac producing pool • Thick middle deadwood with pay zone 40+m • 12-13 well drilled in Q3/23 • Cased for further evaluation • Generating Internal Targets: • 60km 2D
Slide 17: Abbey
Abbey • Area is becoming increasingly more prospective given recent wells drilled on neighbouring land • High Helium content of up to 2% • Numerous potential targets based on historical Sawatsky anomalies HEVI Land • Recent seismic purchases NAH wells drilled for Helium New Helium well licenses in t
Slide 18: Fox/Hatton
Fox/Hatton • 11-13 well drilled in Q3/23 • True wildcat well; first well drilled in the area in ~70 years • Thick Basal sandstone of 58 meters • Intermediate cased for potential reentry • Potential drillable locations identified HEVI Land North American Helium Land Joint Lands – HEVI 20% & NAH 80% S
Slide 19: Near-term Growth Trajectory
Near-term Growth Trajectory Established Helium Fairway Scalable Growth • Multiple discoveries on HEVI lands • Existing facilities enable rapid • Adjacent to NAH discoveries well tie-ins and accelerated production ramp up Data-Driven De-Risking • 2D and 3D seismic shoots Near Term Drilling underway •
Slide 20: Appendix
HELIUM EVOLUTION Appendix &3 CORPORATE PRESENTATION | TSxV: HEVI
Slide 21: A Growing Need for Helium
A Growing Need for Helium There are no substitutes for Helium, and it cannot be synthesized Helium Global Demand by Market Demand Forecast by Segment1 Segment (2023)1 20211 1 U.S.G.S, company reports and Peters & Co. Limited TSXV : HEVI | 21
Slide 22: Helium Supply by Region
Helium Supply by Region1 • Continental North American supply of helium has significantly weakened with the sale of the U.S. strategic reserve • Geopolitical issues – Russia, Middle East sources • As the helium market continues to evolve, greater transparency into market pricing for helium is expecte
Slide 23: HEVI’s Saskatchewan Advantage
HEVI’s Saskatchewan Advantage • ESG-friendly: green source of helium as harmless nitrogen gas is carrier • Stable, safe & environmentally responsible vs other global jurisdictions • Proximity to high-demand U.S. markets and existing infrastructure • Identical drilling process to natural gas & access
Slide 24: An Experienced Team
An Experienced Team Extensive resource development expertise with a history of success in Saskatchewan James P. Baker, Co-Founder John Kanderka, Co-Founder Interim President & Chief Executive Officer, and Director VP, Land & Corporate Development MANAGEMENT Over 40 years of resource development expe
Slide 25: Developing Canada’s Helium Resources – Contact
Developing Canada’s Helium Resources Corporate Presentation January 2026 Contact info@heliumevolution.ca TSXV : HEVI
Helium Evolution — Investor Presentation (January 2026) on 6ix