12:03 PM EST, 02/10/2025 (MT Newswires) -- Helium Evolution ( HEEVF ) up 13% on last look, on Monday released preliminary test results from its 10-36 helium discovery well along the Mankota helium fairway.

Helium Evolution ( HEEVF ) holds a 20% working interest in the 10-36 Well, in partnership with the operator, North American Helium (NAH).

After an extended 5-day flow testing period, the 10-36 Well was producing 11.5 million standard cubic feet per day at 13,100 kiloPascal flowing tubing pressure. The preliminary results also confirmed a helium content of 0.81%, much higher than the commercially viable threshold of 0.3%, the company said. The well also produced negligible water, signaling strong potential for efficient helium recovery and processing.

Following the extended production flow period, the 10-36 Well will be shut in for 14 days to gather reservoir pressure data.

The statement also noted that NAH is looking at establishing processing facilities in the area as there are three helium discovery wells nearby. Helium Evolution ( HEEVF ) "fully supports" this initiative, as processing facilities is crucial on the path to commercial helium production.

Helium Exploration was last seen up $0.025 to $0.225 on the TSX Venture Exchange.

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