Equity Capital Markets and Advisory Business, Auctus Advisors

Auctus Advisors

Equity Capital Markets and Advisory Business

Auctus Advisors is a specialist Equity Capital Markets and Advisory business with a focus in the Energy Sector. The partners have complementary skill sets, with decades of experience across Equity Capital Markets, Investment Banking and the Energy industry. We have worked at Société Générale, Canaccord Capital, BMO Capital Markets and Schlumberger. Most recently we have worked together for many years at GMP FirstEnergy. Auctus has been set up at the beginning of a new decade in which we see significant opportunities in the Energy space. Globally, demand for energy is at record levels and continues to grow. Conversely, investment in traditional energy sources has been severely constrained. We believe this imbalance creates opportunities for both companies and investors. Auctus provides Corporate Broking, Equity Research and Investment Banking services.

Equity Bottom-Up

<ul>
<li>The most recent Saskatchewan Crown land sale generated approximately C$16 mm from 660,598 acres, with winning bids ranging from C$2.02/acre to C$81.34/acre.</li>
<li>Pricing in the auction underscores the underlying value of Helium Evolution’s land position.</li>
<li>Parcels north of HEVI’s Fox and Abbey blocks transacted at roughly C$2/acre, while acreage to the east — where HEVI holds its largest contiguous position — cleared at materially higher levels of C$42–81/acre.</li>
</ul>


The most recent Saskatchewan Crown land sale generated approximately C$16 mm from 660,598 acres, with winning bids ranging from C$2.02/acre to C$81.34/acre.
Pricing in the auction underscores the underlying value of Helium Evolution’s land position.
Parcels north of HEVI’s Fox and Abbey blocks transacted at roughly C$2/acre, while acreage to the east — where HEVI holds its largest contiguous position — cleared at materially higher levels of C$42–81/acre.


Helium Evolution Inc. (HEVI CN): High prices paid for lands adjacent to HEVI

<ul>
<li>At least three wells are planned on the pooled Mankota/Grasslands acreage with North American Helium in 4Q26, with new production to be tied into the existing Soda Lake facility in 1H27.</li>
<li>We note Max Power Mining’s hydrogen and helium drilling activity on the Genesis Trend in southern Saskatchewan.</li>
<li>The company describes the Genesis Trend as a 475‑km corridor with potential for multiple discoveries.</li>
</ul>


At least three wells are planned on the pooled Mankota/Grasslands acreage with North American Helium in 4Q26, with new production to be tied into the existing Soda Lake facility in 1H27.
We note Max Power Mining’s hydrogen and helium drilling activity on the Genesis Trend in southern Saskatchewan.
The company describes the Genesis Trend as a 475‑km corridor with potential for multiple discoveries.


Helium Evolution Inc. (HEVI CN): Drilling to restart in 4Q26. Large licence area to take advantage on neighbors’ innovation

<ul>
<li>The 170 km² 3D seismic programme over the Mankota/Grasslands area (HEVI WI: 49%) has now been completed.</li>
<li>Processing and interpretation are expected in early June and will enable the company to define and rank drilling locations.</li>
<li>At least three wells are planned for 4Q26, with new production to be tied into the existing Soda Lake facility in 1H27.</li>
</ul>


The 170 km² 3D seismic programme over the Mankota/Grasslands area (HEVI WI: 49%) has now been completed.
Processing and interpretation are expected in early June and will enable the company to define and rank drilling locations.
At least three wells are planned for 4Q26, with new production to be tied into the existing Soda Lake facility in 1H27.


Helium Evolution Inc. (HEVI CN): 3D Seismic Acquisition Completed. Drilling to Start in 4Q26

<ul>
<li>The Strait of Hormuz is currently closed and the North Field/South Pars complex has been bombed.</li>
<li>Doha has indicated that restoring full production capacity could take up to five years.</li>
<li>North Field/South Pars is the world’s largest gas field, supplying ~20% of global LNG exports and 70–75% of Iran’s domestic gas output.</li>
</ul>


The Strait of Hormuz is currently closed and the North Field/South Pars complex has been bombed.
Doha has indicated that restoring full production capacity could take up to five years.
North Field/South Pars is the world’s largest gas field, supplying ~20% of global LNG exports and 70–75% of Iran’s domestic gas output.


Helium Evolution Inc. (HEVI CN): Hormuz, Qatar LNG and Helium

<ul>
<li>Helium Evolution (HEVI) is a ~US$16 mm TSX‑listed company focused on Saskatchewan’s helium fairway, where the regulatory environment is prioritizing helium development.</li>
<li>HEVI has already commissioned a helium processing plant and the focus is now on scaling-up.</li>
<li>HEVI’s core assets are operated by North American Helium (NAH), Canada’s leading private helium producer with 10 helium plants in operation and over100 helium wells drilled to date.</li>
</ul>


Helium Evolution (HEVI) is a ~US$16 mm TSX‑listed company focused on Saskatchewan’s helium fairway, where the regulatory environment is prioritizing helium development.
HEVI has already commissioned a helium processing plant and the focus is now on scaling-up.
HEVI’s core assets are operated by North American Helium (NAH), Canada’s leading private helium producer with 10 helium plants in operation and over100 helium wells drilled to date.


Helium Evolution Inc. (HEVI CN): Initiating Coverage

Canada

Helium Evolution Incorporated operates as a helium exploration and production company. The Company focuses on developing assets in the southern Saskatchewan helium fairway. Helium Evolution serves customers in Canada.

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Helium Evolution (HEVI CN)

Helium Evolution Inc. (HEVI CN): High prices paid for lands adjacent to HEVI

The most recent Saskatchewan Crown land sale generated approximately C$16 mm from 660,598 acres, with winning bids ranging from C$2.02/acre to...

Auctus Advisors

Helium Evolution Inc. (HEVI CN): Drilling to restart in 4Q26. Large licence area to take advantage on neighbors’ innovation

At least three wells are planned on the pooled Mankota/Grasslands acreage with North American Helium in 4Q26, with new production to be tied into...

Auctus Advisors

Helium Evolution Inc. (HEVI CN): 3D Seismic Acquisition Completed. Drilling to Start in 4Q26

Processing and interpretation are expected in early June and will enable the company to define and rank drilling locations.

Auctus Advisors

Helium Evolution Inc. (HEVI CN): Hormuz, Qatar LNG and Helium

The Strait of Hormuz is currently closed and the North Field/South Pars complex has been bombed. Doha has indicated that restoring full production...

Auctus Advisors

Helium Evolution Inc. (HEVI CN): Initiating Coverage

Helium Evolution (HEVI) is a ~US$16 mm TSX‑listed company focused on Saskatchewan’s helium fairway, where the regulatory environment is...

Auctus Advisors

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)