First Helium Depreciation & Amortization

What does First Helium do? First Helium Inc generates revenue through helium exploration, production, and development activities. The company focuses on two projects in Alberta: the Worsley Helium Project, an advanced-stage project covering 60,000 acres with a helium discovery well and two oil wells, and the Southern Alberta Helium Fairway Project (Lethbridge) covering over 276,000 acres. Over 60% of the company's acreage features 3D seismic coverage to identify subsurface structures for helium trapping. Helium buyers include industrial and medical sectors requiring high-purity helium for applications such as MRI machines, semiconductor manufacturing, and welding. The company's primary products are helium gas and associated oil wells. Helium is sold to industrial and medical customers who require high-purity helium for critical applications. The Worsley project's advanced-stage status and the Southern Alberta project's extensive acreage with 3D seismic data position First Helium to supply helium to sectors needing reliable gas sources. The company's revenue streams are directly tied to helium production volumes and market demand for helium in industrial and medical sectors. First Helium's business model relies on extracting helium from its Alberta projects, leveraging 3D seismic data to optimize well placement and production efficiency. The company's revenue is derived from helium sales to industrial and medical customers, with the Worsley and Southern Alberta projects serving as the primary sources of production. The firm's focus on advanced-stage exploration and development ensures a steady supply of helium to meet growing market demands in key sectors. First Helium is one of the most popular companies on Eulerpool.