02:18 PM EDT, 04/07/2025 (MT Newswires) -- Helium Evolution ( HEEVF ) on Monday said it closed the second tranche of a private placement of share units with Eneos USA and an outsider private placement of units, raising $1.6 million.

Eneos USA now has a 19.9% stake in the company.

The second tranche consisted of 9.2-million units priced and at $0.17 each, and made up of a share and one half of a 12-month warrant to buy a second share of $0.27.

Helium Evolution ( HEEVF ) announced a strategic partnership with Eneos USA, a subsidiary of Eneos Group, Japan's largest energy, resources and materials conglomerate, on March 10.

The company's shares were last seen down $0.01 to $0.18 on the TSX Venture Exchange.

Price: 0.18, Change: -0.01, Percent Change: -2.70