First Helium Inc. Launches $2.5 Million Private Placement to Fund Helium Projects in Western Canada

First Helium Inc. has announced a non-brokered private placement to raise funds for its ongoing operations and development activities. The company disclosed plans to issue up to 10 million units at a price of $0.25 per unit, aiming to generate gross proceeds of up to $2.5 million.

Each unit in the offering will consist of one common share and one-half of a common share purchase warrant. According to the announcement, each whole warrant will entitle the holder to acquire an additional common share at an exercise price of $0.40 for a period of 24 months following the closing date of the placement. First Helium stated that it intends to use the proceeds from this financing initiative for general working capital purposes and further exploration and development efforts related to its helium projects in Western Canada. The company also noted that the private placement remains subject to regulatory approvals, including those from the TSX Venture Exchange.

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Date: April 28, 2026

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