North American Helium Expands Production

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.

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