Global Helium engages Journey Engineering to advance Montana helium processing facility

CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) — Global Helium Corp. (CSE: HECO) (OTC: HECOF) (the “Company” or “Global), one of North America’s largest helium exploration and development companies, is pleased to announce the commencement of activities to advance Montana’s brand new helium processing facilities.

Global Helium has retained Journey Engineering of Calgary, Alberta to provide specialized services to develop a pre-FEED (Front End Engineering and Design) study for a helium purification plant at Global’s helium asset in Rudyard, Montana. The pre-FEED study is expected to be completed by the end of Q1 2023 and will provide a basis for the design including a process flow diagram, equipment list and cost estimate for Class 4; This allows Global to model ongoing development drilling plans and proceed with material identification and purchasing plans to facilitate construction targets.

As previously announced (see press release dated June 8, 2022), Global’s position in Rudyard, Montana, covers over 15 square miles and includes one well producing more than 2.5 mmcf/day raw gas with a helium concentration of 0.9 % can produce . This implies a crude helium production of 22.5 mcf/day. Management has completed a detailed deposit analysis over a 5 square mile area surrounding the Rudyard well which is aiding the progress of the pre-FEED study and further development planning for the property.

A recent BNN-Bloomberg article put wholesale helium prices in the United States at $1,500/mcf and 2024 prices at $750/mcf. There is currently no publicly accessible market for the pricing of gaseous helium, as the sale of helium is negotiated through contracts between buyers and sellers.

Jesse Griffith, President of Global, advises, “We look forward to working closely with Journey Engineering and leveraging their proven track record and helium expertise to bring Global’s Rudyard asset online quickly and efficiently.”

Journey Engineering is an established engineering firm and has successfully designed, sourced and installed multiple helium purification plants throughout the United States and Canada. For more information about the company, visit:


“Jess Griffith”

Jesse Griffith

For more informations:
Walter Spagnuolo, Investor Relations
Tel: +1 (877) 816 8163
[email protected]

mcf = thousand cubic feet
mmcf = millions of cubic feet
bcf = billion cubic feet

About Global Helium (CSE: HECO) (OTC: HECOF)
Global Helium, one of Canada’s largest helium exploration and development companies, focused on the exploration, acquisition, development and production of helium to meet the needs of increasing helium demand and declining helium supply in North America and around the world. The company has an experienced team of industry professionals and technical experts and has established relationships with North American and international helium buyers. Collectively, the team has acquired 100% owned claims covering over 1.5 million acres prospective for helium in Saskatchewan’s well-established helium fairway and recently acquired a significant proven asset in the state of Montana.

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