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Helium Evolution Provides Operations Update
Globenewswireยท 2025-09-04 11:00
Core Viewpoint - Helium Evolution Incorporated is progressing towards the completion of its Soda Lake Facility, which is over 95% complete and designed to process 12 million standard cubic feet of raw gas per day, with operations expected to start in early Q4 2025 [2][3][4]. Company Overview - Helium Evolution is a Canadian helium exploration company with the largest helium land rights position in North America among publicly traded companies, focusing on southern Saskatchewan [6]. - The company holds over five million acres of land under permit near proven helium concentrations, supporting its exploration and development efforts [6]. Operational Update - The Soda Lake Facility, a joint project with North American Helium Incorporated, is nearing completion, with construction of wellsite metering facilities and pipeline infrastructure expected to take about one month [2][3]. - The company has a 20% working interest in the Soda Lake Facility and related gathering system, representing an investment of approximately $5.3 million, fully funded through an $8.3 million convertible note issuance completed on August 29, 2025 [4]. Future Outlook - The startup of the purification facility and connected wells is on track for early in the fourth quarter of 2025, indicating a positive trajectory for the company's operational capabilities [3][4].