New Risk • May 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (26% average weekly change). Market cap is less than US$10m (CA$10.6m market cap, or US$7.70m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • May 28
First Helium Inc. announced that it has received CAD 2.5795 million in funding On May 27, 2026. First Helium Inc. announces that it has Oversubscribed closed the transaction. It has issued 51,590,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 2,579,500. No finders’ fees were paid on any portion of the Offering. Certain insiders of First Helium acquired an aggregate of 16,150,000 Units in the Offering. Any participation by insiders in the Offering Announcement • Apr 29
First Helium Inc. announced that it expects to receive CAD 2 million in funding First Helium Inc has announced a non-brokered private placement financing of 40,000,000 Units of the Company at a price of CAD 0.05 per Unit, for aggregate gross proceeds of CAD 2,000,000 on April 28, 2026. Each Unit will be comprised of one common share in the capital of the Company and
one transferrable common share purchase warrant. Each Warrant will be exercisable to acquire one Share at a price between CAD 0.10 to CAD 0.15 cents per Share, depending on the date of exercise, for a period of 36 months from the date of issuance, subject to an acceleration clause. The company may pay finder's fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the Private Placement Offering is subject to the receipt of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. 
