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>Helium Evolution (HEVI) and North American Helium (NAH) have each completed their interpretation of the 170 km² 3D seismic survey over the Grasslands project in southern Saskatchewan.</li>
<li>The partners have agreed on an initial set of bottom-hole locations, and NAH is now advancing surface location permitting for up to 10 wells.</li>
<li>Drilling could start in January 2027 at the earliest.</li>
</ul>


Helium Evolution (HEVI) and North American Helium (NAH) have each completed their interpretation of the 170 km² 3D seismic survey over the Grasslands project in southern Saskatchewan.
The partners have agreed on an initial set of bottom-hole locations, and NAH is now advancing surface location permitting for up to 10 wells.
Drilling could start in January 2027 at the earliest.


Helium Evolution Inc. (HEVI CN): Appraisal programme with up to 10 wells

Thematic (Sector/Industry)

<ul><li>AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C; Target price of C$2.90 per share: Equity raise to fund shallow oil seismic – CanCambria has raised C$6.9 mm through an offering of 23.0 mm units at C$0.30 per unit, each comprising one share and one warrant exercisable at C$0.40 per share for 36 months.</li><li>Proceeds fund a proprietary 3D seismic survey over the Soltvadkert/Tázlár/Alpár (STA) shallow oil fairway (C$4 mm in 4Q26 in our model) and the de-risking of ten shallow oil prospects.</li><li>There are 400 legacy wells across CanCambria's licence, and neighbouring analogue fields have collectively produced over 160 mmboe from 15 fields, with oil gravities of 22–40° API.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C; Target price of C$2.90 per share: Equity raise to fund shallow oil seismic – CanCambria has raised C$6.9 mm through an offering of 23.0 mm units at C$0.30 per unit, each comprising one share and one warrant exercisable at C$0.40 per share for 36 months.Proceeds fund a proprietary 3D seismic survey over the Soltvadkert/Tázlár/Alpár (STA) shallow oil fairway (C$4 mm in 4Q26 in our model) and the de-risking of ten shallow oil prospects.There are 400 legacy wells across CanCambria's licence, and neighbouring analogue fields have collectively produced over 160 mmboe from 15 fields, with oil gravities of 22–40° API.

<ul><li>• Helium Evolution (HEVI) has raised C$25 mm in new equity at C$0.15 per share.</li><li>Investors also receive one three-year warrant per share, exercisable at C$0.30 per share.</li><li>• Proceeds will fund the appraisal and development programme at Mankota during the 2026/27 winter, enabling the restart of helium production.</li></ul>

• Helium Evolution (HEVI) has raised C$25 mm in new equity at C$0.15 per share.Investors also receive one three-year warrant per share, exercisable at C$0.30 per share.• Proceeds will fund the appraisal and development programme at Mankota during the 2026/27 winter, enabling the restart of helium production.

Helium Evolution Inc. (HEVI CN): Equity raise with blue chip investors to accelerate exploration & appraisal activities

<ul><li>AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising C$6 mm of new equity priced at C$0.30 peer share.</li><li>Participants in the transaction will also receive one warrant for every new share with a strike price of C$0.40 per share.</li><li>See website for full report Helium Evolution (HEVI CN)C; Target price of C$0.45 per share: Production starts at new plant adjacent to HEVI’s lands – North American Helium’s Stewart Valley helium purification facility in southwest Saskatchewan is onstream as of September 20, 2026 and producing at a rate of approximately 73 mmcf/y.</li></ul>

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising C$6 mm of new equity priced at C$0.30 peer share.Participants in the transaction will also receive one warrant for every new share with a strike price of C$0.40 per share.See website for full report Helium Evolution (HEVI CN)C; Target price of C$0.45 per share: Production starts at new plant adjacent to HEVI’s lands – North American Helium’s Stewart Valley helium purification facility in southwest Saskatchewan is onstream as of September 20, 2026 and producing at a rate of approximately 73 mmcf/y.

<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

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): Appraisal programme with up to 10 wells

The partners have agreed on an initial set of bottom-hole locations, and NAH is now advancing surface location permitting for up to 10 wells.

Auctus Advisors

AUCTUS ON FRIDAY - 09.10.2026

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C; Target price of C$2.90 per share: Equity raise to fund...

Auctus Advisors

Helium Evolution Inc. (HEVI CN): Equity raise with blue chip investors to accelerate exploration & appraisal activities

• Helium Evolution (HEVI) has raised C$25 mm in new equity at C$0.15 per share. Investors also receive one three-year warrant per share,...

Auctus Advisors

AUCTUS ON FRIDAY - 25.09.2026

AUCTUS PUBLICATIONS ________________________________________ CanCambria Energy (CCEC CN)C: C$6 mm equity raise for Hungary – CamCambria is raising...

Auctus Advisors

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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