Helium Evolution Incorporated · TSXV:HEVI
Helium Evolution — Investor Presentation (October 2025)
28 slides from Helium Evolution's investor presentation, October 2025
Slide 1: Developing Canada's Helium Resources: Corporate Presentation
Developing Canada’s Helium Resources Corporate Presentation October 2025 TSXV : HEVI
Slide 2: Reader Notice
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) A Canadian helium exploration company focused on developing assets in southern Saskatchewan, holding more than 5 million acres of helium land rights: largest position among publicly-traded companies in North America Numerous Near-Term Strategic Investor Supports Ro
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 drilling campaign • Convertible Note is automatically converted into common shares upon achievemen
Slide 6: Capital Structure & Leadership
Capital Structure & Leadership HEVI Share Capitalization @ Oct. 16, 2025 Management Board of Directors Total Basic Shares Outstanding 122,974,533 James P. Baker * James P. Baker* Interim President, CEO & Director Chair & Independent Director Options (avg. exercise price $0.29/share) 9,575,718 Warran
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 Holdings
HEVI Land Holdings HEVI is the largest publicly-traded helium land holder in North America • Large, contiguous land base with ~5.5 million acres of land permitted for helium • Land offsets significant helium discoveries by North American Helium • Low cost, long-term permits and leases with 21 year l
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: Wells Drilled on HEVI Lands
17 Wells Drilled on HEVI Lands TSXV : HEVI STRICTLY PRIVATE & CONFIDENTIAL | 10
Slide 11: Mankota Project
Mankota Project TSXV : HEVI STRICTLY PRIVATE & CONFIDENTIAL | 11
Slide 12: Development Program
Development Program ✓ HEVI lands are adjacent to NAH’s producing Mankota pool. NAH has drilled 23 wells1 in the Mankota area since 2021 ✓ Six helium discoveries on HEVI land Soda Lake Facility ✓ Two plays – Basal Sand Unit and Mankota A Sandstone 10-1 7-2 10-36 ✓ HEVI acquired an additional four sec
Slide 13: Six Helium Discoveries
Six Helium Discoveries Wellhead To be tied Flowing HEVI into Soda Flow Rate Pressure Working Lake in Q4- Well Helium % (MMscf/d) (kPa) Interest 25 2-31 0.95 4.0 5,500 20% 9-35 0.64 7.0 9,000 20% Yes 10-1 0.75 9.5 10,800 20% Yes 10-36 0.94 11.5 13,100 20% Yes 5-30 0.76 9.7 10,700 20% 9-18 0.87 0.7 69
Slide 14: Path to Helium Sales – Soda Lake Facility
Path to Helium Sales – Soda Lake Facility • 12 MMscf/day raw facility • Facility commenced operations on Oct. 1/25 • Initially tie-in three wells (9-35, 10-1 and 10-36 wells) • HEVI’s share of the capital cost ~$5.3M, fully funded • Partnership with Canada’s largest dedicated helium producer (NAH) •
Slide 15: Indicative Economics – Soda Lake Facility
Indicative Economics – Soda Lake Facility Year 1 Net Operating Income Assumes FOB plant gate: Helium Price (US$/mcf) 300 325 350 375 400 Helium Volumes (mcf) 7,823 7,823 7,823 7,823 7,823 Revenue 3,170,000 3,430,000 3,700,000 3,960,000 4,220,000 Royalties (net) (288,000) (312,000) (336,000) (360,000
Slide 16: Indicative Economics – Soda Lake Facility
Indicative Economics – Soda Lake Facility Assumes FOB plant gate: Capital cost - initial investment (6,500,000) Helium Price (US$/mcf) 300 325 350 375 400 NPV 10 $ of facility project 6,700,000 8,000,000 9,300,000 10,600,000 11,900,000 IRR of facility project 35% 39% 43% 47% 51% Payout (years) 2.8 2
Slide 17: Other Prospective Areas
Other Prospective Areas TSXV : HEVI STRICTLY PRIVATE & CONFIDENTIAL | 17
Slide 18: Gravelbourg / Glenbain
Gravelbourg / 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 • Radioactive zone helium source rock • 12-13 well drilled in Q3/23 • Cased for further
Slide 19: Fox/Abbey
Fox/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
Slide 20: 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 21: Near-term Growth Trajectory
Near-term Growth Trajectory Helium Evolution is executing on a strategically defined path to value creation. FIRST HELIUM 9-35 AND 9-18 WELLS OFFSET DRILLING COMMERCIAL DRILLED 11 WELLS DISCOVERY ENLARGES INITIAL EXPANDS MANKOTA SODA LAKE FACILITY PRODUCTION 7 cased and 4 D&A AT MANKOTA DISCOVERY DI
Slide 22: Appendix
HELIUM EVOLUTION Appendix &3 CORPORATE PRESENTATION | TSxV: HEVI
Slide 23: 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 | 23
Slide 24: The New Market Landscape
The New Market Landscape • 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 25: 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 26: Earlie Sandstone Structural Play
Earlie Sandstone Structural Play TSXV : HEVI
Slide 27: 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 28: Developing Canada's Helium Resources
Developing Canada’s Helium Resources Corporate Presentation October 2025 Contact info@heliumevolution.ca TSXV : HEVI
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