Brief: First Helium Enters Into Long-Term Helium Supply Agreement With Major Global Industrial Gas Company

First Helium

24/05/2023 14:04

May 24 (Reuters) - First Helium Inc  HELI.V :
    * FIRST HELIUM ENTERS INTO LONG-TERM HELIUM SUPPLY AGREEMENT
WITH
MAJOR GLOBAL INDUSTRIAL GAS COMPANY
    * FIRST HELIUM INC- ARRANGEMENT CALLS FOR SALE OF UP TO
$US100
MILLION OF HELIUM DURING FIRST 5 YEARS
    * FIRST HELIUM INC- HAS ENTERED INTO A LONG-TERM
"TAKE-OR-PAY"
HELIUM SUPPLY  TO SELL HELIUM GAS PRODUCTION FROM ITS WORSLEY
PROPERTY
    * FIRST HELIUM INC- AGREED TO SELL TO PURCHASER 80% (WITH AN
ABILITY TO POTENTIALLY SELL UP TO 100%) OF ITS PRODUCED HELIUM
VOLUMES
    * FIRST HELIUM INC- INITIAL TERM AGREEMENT IS 10 YRS, UNDER
WHICH
CO WILL RECEIVE FIRM SPECIFIED PRICING FOR HELIUM VOLUMES
THROUGHOUT FIRST 5 YEARS

Source text for Eikon:  ID:nCNWqpZmqa 
Further company coverage:  HELI.V 

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