05:15 PM EST, 01/06/2025 (MT Newswires) -- Helium Evolution ( HEEVF ) after close of trade Monday said in partnership with the operator, North American Helium (NAH), it has begun drilling the 10-36-3-9W3 well along the Mankota helium fairway.

The well is an offset to the company's recent helium discovery wells at 10-1-4-9W3 and 9-35-3-9W3, both of which demonstrated significant helium potential.

HEVI holds a 20% working interest in the three wells.

The company said spudding of the 10-36 Well is an important step in the company's ongoing efforts to develop its helium assets in the highly prospective Mankota area.

The company's shares closed unchanged at $0.105 on the TSX Venture Exchange.