The TSX Venture Exchange has accepted for filing documentation relating to an arm's-length asset purchase and sale agreement dated June 22, 2023, between the company, Imperial Helium Corp. (a wholly owned subsidiary of the company) and Acipenser Resources Ltd. (the vendor). Pursuant to the terms of the agreement, the company, through Imperial, will acquire the entire right, title, estate and interest to drill, explore and produce, as well as all surface rights and records not in the public domain for land located near Steveville, Alta.

As total consideration, the company will provide the vendor with a $240,000 cash payment and further issue 468,796 common shares of the company at a deemed price of 34.13 cents per share ($160,000).

For further information, refer to the company's news release dated June 29, 2023.