Recent Developments in Helium Evolution's Operations Strategy
Helium Evolution's Operational Insights
CALGARY, Alberta — Helium Evolution Incorporated (TSXV:HEVI), a Canadian helium exploration company, is excited to share the latest operational advancements regarding its helium processing facility in the Mankota area, known as the Soda Lake Facility, along with the associated gathering system.
Soda Lake Facility Progress
The Soda Lake Facility is nearing the completion of its construction phase, with over 95% of the work finalized. This project represents a significant collaboration with North American Helium Incorporated (NAH) aimed at efficiently processing 12 million standard cubic feet of helium gas daily. Initially, the facility will use three connected helium wells through a dedicated gathering pipeline.
Upcoming Infrastructure Development
As part of the current development efforts, construction of the metering facilities and pipeline infrastructure is actively taking place. This phase is expected to be wrapped up within approximately one month, ensuring a timely progression toward operational readiness for the purification facility and its associated wells.
Anticipated Operational Launch
Looking forward, the anticipated launch of the Soda Lake Facility and the operational start for the connected wells is set for early in the fourth quarter.
Investment and Financial Commitment
Helium Evolution has a 20% working interest in the Soda Lake Facility and its related gathering system, amounting to an investment of about $5.3 million. The funding for this commitment has been secured through a successful issuance of convertible notes raising $8.3 million.
Maintaining Connections with Stakeholders
The Company strongly encourages stakeholders and interested parties to connect and stay updated with Helium Evolution’s journey. Regular insights are available on the Company’s corporate website and interested individuals can also find valuable resources such as corporate presentations and research reports prepared by industry analysts.
About Helium Evolution Incorporated
Helium Evolution holds a distinct advantage in the helium sector, with the largest helium land rights position in North America among publicly traded companies. The Company is strategically focused on exploring and developing its land, which spans over five million acres in Saskatchewan, an area known for its economic helium concentrations.
Corporate Contact Information
For additional details, you can reach out to:
Greg Robb, President & CEO
Kristi Kunec, CFO
Phone: 1-587-330-2459
Email: info@heliumevolution.ca
Web: www.heliumevolution.ca
Frequently Asked Questions
What is the current status of the Soda Lake Facility?
The Soda Lake Facility is over 95% complete and is expected to start operations early in the fourth quarter.
What capacity does the Soda Lake Facility have?
The facility is designed to process 12 million standard cubic feet of helium gas each day.
How much of the Soda Lake Facility does Helium Evolution own?
Helium Evolution holds a 20% working interest in the Soda Lake Facility and its related systems.
What are Helium Evolution's future plans?
The Company aims to become a leading supplier of sustainably-produced helium in the growing global market.
How can I stay updated on Helium Evolution?
Interested parties are encouraged to visit the Company’s website and follow them on LinkedIn and X for ongoing updates and information.
About The Author
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