Helium Evolution Announces Start-Up of Soda Lake Helium Purification Facility

Core Insights - Helium Evolution Incorporated (HEVI) has completed the commissioning of its Soda Lake helium processing facility, marking a significant transition from exploration to active production [1][2] - The Soda Lake Facility is designed to process 12 million standard cubic feet per day of raw gas, with HEVI holding a 20% working interest in the joint project with North American Helium [2] - The company aims to leverage its extensive land position in southern Saskatchewan, which exceeds five million acres, to become a leading supplier of sustainably-produced helium [4] Company Developments - The start-up of the Soda Lake Facility is seen as a pivotal moment for HEVI, expected to generate meaningful cash flow and long-term value for shareholders [2] - The facility will initially source production from three helium wells connected through a dedicated pipeline gathering system [2] - Management is focused on advancing development plans in one of North America's most promising helium districts [3] Industry Position - HEVI holds the largest helium land rights position among publicly-traded companies in North America, which supports its exploration and development efforts [4] - The company is positioned to capitalize on the growing global helium market, emphasizing a differentiated strategy for sustainable production [4]