North American Helium raised C$127mm (US$100mm) in a funding round via a non-brokered common share equity financing led by XM Capital Partners Opportunity Fund. This financing, along with internally generated cash flow, positions NAH to have maximum flexibility to develop multiple production assets simultaneously, and to support its strategy of building a platform to provide reliable long-term sources of green helium supply in North America. The Calgary, Alberta-based helium exploration and production company will use the funds to advance its exploration and development plan for the drilling season and bring additional helium production online in 2022. Combined, the company now sells approximately 60 mmcf/year of purified helium.
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