North American Helium raises C$39mm to build helium plant
- AKAP
- May 28, 2020
- 2 min read
NAH has raised C$39mm of equity towards a second helium purification plant at the Battle Creek field in Saskatchewan that will be provided by Air Liquide. Commissioning and start-up is planned for July 2021 with raw gas throughput of 20mmcf/d and an 0.8% helium yield that should have a capacity of 60mmcf per annum of helium. It is in the process of securing multi-year offtake. NAH has drilled 15 wells to date and plans a further 10 wells in H2'20.