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Helium Evolution Announces Filing of First Quarter 2026 Financial Results
CALGARY, Alberta, May 19, 2026 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration
About this update from Helium Evolution Incorporated
[{"type":"text","content":"CALGARY, Alberta, May 19, 2026 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) (\"HEVI\" or the \"Company\"), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company's financial statements and associated management's discussion and analysis for the three months ended March 31, 2026 (the \"Interim Report\"). Complete details of the Interim Report are available on SEDAR+ at www.sedarplus.ca, and on HEVI's website. Three Months Ended March 31, 2026 Highlights Three months endedTabular amounts in thousands ofCanadian Dollars, except share and per share amountsMarch 31, 2026March 31, 2025Financial Net loss434675Net loss per share, basic and diluted0.000.01Cash and cash equivalents3,1243,004Working capital2,9341,966Total assets20,29311,683Total liabilities1,5921,500Weighted average shares outstanding Basic and diluted¹163,013,79697,129,085 ¹The weighted average number of common shares outstanding is not increased for outstanding stock options and warrants when the effect is anti-dilutive. HEVI remains focused on expanding its production base through disciplined exploration and development across its extensive southern Saskatchewan landholdings. Building upon the progress achieved in 2025, the Company has entered 2026 with continued positive momentum, supported by a favourable helium market backdrop and the upcoming 3D seismic results in the Mankota/Grasslands area. These results are expected to further define high-impact drilling opportunities. Leveraging its partnership-oriented development model and large contiguous land base, HEVI remains focused on advancing development and long-term value creation. With global helium supply dynamics continuing to highlight the importance of North American sources, the Company is well positioned to advance its transtion from exploration to scalable production. Stay Connected to Helium Evolution Shareholders and other parties interested in learning more about the Helium Evolution opportunity are encouraged to visit the Company's website, which includes an updated corporate presentation, and are invited to follow the Company on LinkedIn and X for ongoing corporate updates and helium industry information. Helium Evolution also provides an extensive, commissioned 'deep-di...