Helium Evolution Provides New Update on Helium Production Facility

Core Viewpoint - Helium Evolution Incorporated is advancing towards commercial helium production with the construction of the Soda Lake Facility, which will significantly enhance its operational capabilities in the helium market [1][2][3]. Company Developments - North American Helium Inc. plans to build a helium processing facility with a capacity of 12 million standard cubic feet per day in the Mankota area, expected to be operational in Q4 2025 [2]. - The Soda Lake Facility will initially connect three helium wells through a dedicated pipeline gathering system [2]. - Helium Evolution will hold a 20% working interest in the Soda Lake Facility, with an estimated investment of approximately $5.2 million, supported by its working capital and recent financing [3]. Strategic Importance - The Soda Lake Facility is viewed as a transformational milestone for Helium Evolution, unlocking long-term value from its Mankota assets and reinforcing confidence in the region's helium potential [3]. - The company aims to become a leading supplier of sustainably-produced helium, leveraging its extensive land rights position in North America, which encompasses over five million acres near proven helium concentrations [5]. Industry Context - The helium market is experiencing growth, and Helium Evolution's strategy is aligned with the increasing demand for sustainably-sourced helium [5].