Announcement • Aug 26

Helium Evolution Incorporated announced that it has received CAD 25 million in funding from Oberon Investments Group Plc, Tough Investments Limited and other investors.

On August 24, 2026, Helium Evolution Incorporated closed the transaction. The company issued 166,666,667 units at an issue price of CAD 0.15 for gross proceeds of CAD 25,000,000.05. The transaction included participation from new international investors for CAD 23,700,000 and existing insiders of the company for CAD 230,000. The transaction also included participation from Henry Maxey (c/o Oberon Investments) acquired 49,310,000 Units for aggregate consideration of CAD 7,396,500. Immediately prior to the Financing, Maxey did not beneficially own, directly or indirectly, any securities of the Company. Immediately following the closing of the Financing, Maxey owns, directly or indirectly, 49,310,000 Unit Shares and 49,310,000 Warrants, representing approximately 15.0% of the issued and outstanding common shares of the Company (on a non-diluted basis) or approximately 19.9% of the issued and outstanding common shares of the Company (on a partially diluted basis, assuming exercise of the Warrants acquired by him in the Financing, but considering the Blocker Clause). Tough Investments Limited acquired 49,310,000 Units for aggregate consideration of CAD 7,396,500. Immediately prior to the Financing, Tough Investments Limited did not beneficially own, directly or indirectly, any securities of the Company. Immediately following the closing of the Financing, Tough Investments Limited owns, directly or indirectly, 49,310,000 Unit Shares and 49,310,000 Warrants, representing approximately 15.0% of the issued and outstanding common shares of the Company (on a non-diluted basis) or approximately 19.9% of the issued and outstanding common shares of the Company (on a partially diluted basis, assuming exercise of the Warrants acquired by it in the Financing, but considering the Blocker Clause). Alan Howard acquired 49,310,000 Units for aggregate consideration of CAD 7,396,500. Immediately prior to the Financing, Howard did not beneficially own, directly or indirectly, any securities of the Company. Immediately following the closing of the Financing, Howard beneficially owns, directly or indirectly, 49,310,000 Unit Shares and 49,310,000 Warrants, representing approximately 15.0% of the issued and outstanding common shares of the Company (on a non-diluted basis) or approximately 19.9% of the issued and outstanding common shares of the Company (on a partially diluted basis, assuming exercise of the Warrants acquired by him in the Financing, but considering the Blocker Clause). Each Unit is comprised of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of CAD 0.30 for a period of three years from the closing date of August 24, 2026 (the “Closing Date”). The Company also issued 6,317,200 finder’s warrants (“Finders Warrants”) to Auctus Advisors LLP and paid a cash fee of CAD 1,184,475 in connection with subscriptions from certain investors. Each Finders Warrant entitles the holder to acquire one common share of the Company (a "Finder Share") at a price of CAD 0.30 for a period of three years from the Closing Date.

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Helium Evolution Incorporated announced that it has received CAD 25 million in funding from Oberon Investments Group Plc, Tough Investments Limited and other investors.

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