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Helium Evolution Incorporated
(HEVI)
Helium Evolution Incorporated (HEVI) vs. S&P 500 (SPY)
Helium Evolution Incorporated Business Overview & Revenue Model
Helium Evolution Incorporated Financial Statement Overview
| Breakdown | |||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -51.00K | -10.00K | 0.00 | EBIT |
| -3.18M | -5.03M | 178.30K | -139.78K | EBITDA |
| -3.18M | -6.22M | -1.40M | -139.78K | Net Income Common Stockholders |
| -2.95M | -7.36M | 170.40K | -170.87K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 6.40M | 9.13M | 229.00 | 830.00 | Total Assets |
| 11.64M | 13.02M | 6.30K | 219.60K | Total Debt |
| 43.00K | 29.00K | 33.00K | 256.41K | Net Debt |
| -6.29M | -9.10M | 32.77K | 255.58K | Total Liabilities |
| 872.00K | 226.00K | 111.15K | 494.85K | Stockholders Equity |
| 10.77M | 12.80M | -104.85K | -275.25K |
| Cash Flow | Free Cash Flow | ||
| -3.23M | -8.56M | -623.41K | -2.27K | Operating Cash Flow |
| -346.00K | -1.44M | -24.41K | -2.27K | Investing Cash Flow |
| -2.43M | -7.08M | -601.00K | 0.00 | Financing Cash Flow |
| -20.00K | 17.48M | 23.81K | 0.00 |
Helium Evolution Incorporated Technical Analysis
Helium Evolution Incorporated Peers Comparison
Helium Evolution Incorporated Corporate Events
Helium Evolution Incorporated announced the filing of its annual financial results for 2024, highlighting a strong financial position with a positive working capital of $3.2 million. The company, in partnership with North American Helium Inc., plans to expand its development efforts in the Mankota region, having already drilled six successful helium wells. A new helium facility is expected to be operational by the fourth quarter of 2025, which will support future production and mark a significant milestone for HEVI. The company is well-positioned to become a key player in the North American helium industry, supported by recent financing and strategic partnerships.
Spark’s Take on TSE:HEVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HEVI is a Underperform.
The overall score is heavily impacted by Helium Evolution’s financial challenges, with no revenue and negative cash flow. While technical indicators show some positive momentum, the stock’s valuation remains unattractive due to the absence of earnings and dividends. Any positive corporate developments are encouraging, but they are not yet reflected in the financial performance.
To see Spark’s full report on TSE:HEVI stock, click here.
Helium Evolution Incorporated announced an expansion of its financing agreement with ENEOS Xplora Inc., increasing the investment to $4.5 million. This strategic partnership with ENEOS Xplora, a subsidiary of Japan’s largest energy conglomerate, strengthens HEVI’s financial foundation and positions it as a leader in the Canadian helium exploration market. The funds will support HEVI’s 2025 exploration and development program, with ENEOS USA set to become a significant shareholder, pending approval at the upcoming annual general meeting.
Spark’s Take on TSE:HEVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HEVI is a Underperform.
The overall score is heavily impacted by Helium Evolution’s financial challenges, with no revenue and negative cash flow. While technical indicators show some positive momentum, the stock’s valuation remains unattractive due to the absence of earnings and dividends. Any positive corporate developments are encouraging, but they are not yet reflected in the financial performance.
To see Spark’s full report on TSE:HEVI stock, click here.
Helium Evolution Incorporated has successfully closed the second tranche of its strategic private placement, raising $1.6 million through the issuance of 9,217,000 units. Each unit consists of one common share and half of a common share purchase warrant, with the warrants allowing the purchase of additional shares at a set price within a year. This financial move is expected to support the company’s exploration and development efforts in southern Saskatchewan, enhancing its position in the helium market and potentially benefiting stakeholders through increased operational capacity.
Spark’s Take on TSE:HEVI Stock
According to Spark, TipRanks’ AI Analyst, TSE:HEVI is a Underperform.
The overall score is heavily impacted by Helium Evolution’s financial challenges, with no revenue and negative cash flow. While technical indicators show some positive momentum, the stock’s valuation remains unattractive due to the absence of earnings and dividends. Any positive corporate developments are encouraging, but they are not yet reflected in the financial performance.
To see Spark’s full report on TSE:HEVI stock, click here.
Helium Evolution Incorporated has successfully closed the first tranche of its strategic private placement, raising $1.2 million through the issuance of 7,040,000 units. Each unit consists of one common share and a half warrant, with the potential for warrant holders to acquire additional shares at a set price. The completion of this tranche marks a significant step in the company’s efforts to secure funding for its helium exploration and development projects in southern Saskatchewan, potentially strengthening its position in the global helium market.
Helium Evolution Incorporated has announced a strategic partnership with ENEOS Xplora Inc., a subsidiary of Japan’s largest energy conglomerate, ENEOS Group. This partnership includes a $2.7 million financing through a private placement and a collaboration agreement that enhances HEVI’s financial strength and growth potential. The collaboration will allow ENEOS USA to maintain its shareholding percentage, provide operational expertise, and share technical information, which is expected to significantly impact HEVI’s exploration and development program in 2025.
Helium Evolution Incorporated has announced plans for production facilities in the Mankota area, with production expected in the fourth quarter of 2025. The company, in partnership with North American Helium Inc., is working on the development of the Mankota area, with promising preliminary test results from its 5-30 Well indicating a helium content significantly higher than the commercially viable threshold. This development marks a crucial step in HEVI’s strategy to transition toward commercial helium production.
Helium Evolution Incorporated has announced significant progress in its helium exploration activities along the Mankota helium fairway. The company, in partnership with North American Helium Inc., has completed drilling operations at the 5-30 Well and is now moving forward with completion and testing to confirm helium presence. They are also advancing with drilling operations at the 3-19 Well and have completed drilling at the 12-29 Well, with completion operations set to finish by February 22, 2025. These developments are critical to the company’s goal of helium production and represent a strategic move towards long-term growth.
Helium Evolution Incorporated announced promising preliminary test results from its 10-36 helium discovery well in partnership with North American Helium Inc. The well demonstrated a helium content of 0.81%, significantly higher than the commercial viability threshold, and produced negligible water, indicating strong potential for efficient helium recovery and processing. These results suggest a positive impact on the company’s operations and its positioning within the helium extraction industry.