09:23 AM EDT, 10/27/2025 (MT Newswires) -- ENEOS Xplora USA Limited announced the acquisition of around 40.03 million common shares of Helium Evolution ( HEEVF ) upon conversion of a convertible note in the principal amount of C$8.3 million, plus the conversion of all accrued and unpaid interest due thereon, at a price of $0.21 per conversion share, according to an early warning report on Monday.

A statement noted that following completion of the acquisition, ENEOS Xplora USA Limited had beneficial ownership and control and direction over an aggregate of around 65.4 million common shares and around 12.68 million warrants, representing approximately 40.12% of the issued and outstanding common shares, on a non-diluted basis, and 44.44% of the issued and outstanding common shares on a partially diluted basis, assuming exercise of the warrants owned by ENEOS.

ENEOS Xplora USA acquired the conversion shares for investment purposes.