Nicholas Campanella

Michael Lonegan

Jonathan Reeder

Julien Dumoulin-Smith

Michael Brown

- Helium Evolution (HEVI) closed an **$8.3 million convertible note** on August 29, 2025, with proceeds designated to fund its **20% working interest** in the Soda Lake Facility and support a winter drilling campaign.  **[354707_21d39f7aa813468c98eb4b00e965f639_0]** 
- The company announced its **Q2 2025 results** for the three months ended June 30, 2025, reporting a **net loss of $196 thousand** and **cash of $1,323 thousand**.  **[354707_21d39f7aa813468c98eb4b00e965f639_0]** 
- The Soda Lake Facility, a helium processing plant, is expected to become operational in **Q4 2025**, marking HEVI's first helium sales volumes.  **[354707_21d39f7aa813468c98eb4b00e965f639_0]** **[354707_21d39f7aa813468c98eb4b00e965f639_1]** 
- A winter drilling campaign in the Mankota area is anticipated to commence in **Q4 2025** and continue into **Q1 2026**.  **[354707_21d39f7aa813468c98eb4b00e965f639_0]**

HAWAIIAN ELECTRIC INDUSTRIES (HE)