North American Helium is set to increase its contribution to US helium supply by establishing a new production base north of Gull Lake, southwest Saskatchewan, with the anticipation of raising its market share to 7%. The company, which initiated operations in 2013, is in the process of constructing two new facilities at Antelope Lake and near Cadillac, aiming to expand its total to nine. With a US$150mm credit facility secured for expansion and new drill site evaluations, the company expects the Cadillac expansion to complete by fall 2024 and Antelope to be operational by summer.
North American Helium Expands Production
Updated: Apr 8