CALGARY, ALBERTA, April 21, 2021 – Global Helium Corp. (CSE: HECO) (the “Company” or “Global”) is pleased to announce the addition of 13,150 hectares (32,400 acres) in the Vermillion Hills area in Saskatchewan.
The Company has established a core area at Vermillion Hills approximately 150 kilometers northeast of Swift Current. The third permit increases our 100% working interest holdings in this area to over 85,000 hectares (210,000 acres).
Wes Siemens, President of Global commented “This new acreage is adjacent to our existing lands and expands our existing land position to the immediate northwest, where we believe the existence of additional structural highs are prospective for helium. Of significance is a well that was drilled on these lands in 1951 which encountered reservoir-capable sands in the Deadwood Formation. While the well was not tested, this provides evidence for the potential of a high quality reservoir and a significant areal expansion of our target formation”.
ON BEHALF OF THE BOARD OF GLOBAL HELIUM CORPORATION
Wes Siemens, P.Eng.
For more information:
Global Helium Investor Relations
Tel: +1 877 816 8163
About Global Helium
Global Helium is an exploration stage company focused on the exploration, acquisition, development, and production of helium to meet the needs of increasing helium demand and shrinking helium supply in North America and around the world. The Company has a seasoned team of industry professionals and technical experts and has established connections with North American and international helium buyers. Together, the team has acquired 100% owned permits encompassing hundreds of thousands of acres prospective for helium in Saskatchewan’s well-established helium fairway.
This internal announcement contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this internal announcement are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this internal announcement are expressly qualified by this cautionary statement. The forward-looking statements contained in this internal announcement are made as of the date of this internal announcement and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
An earlier version of this announcement was updated to reflect additional landholdings.