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North American Helium Raises $127 Million To Accelerate Growth

North American Helium Raises $127 Million To Accelerate Growth

11/23/21, 11:55 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgcalgary
Money raised
$127 million
North American Helium Inc. (“NAH” or the “Company”) today announced the Company recently closed a non-brokered common share equity financing of approximately $127 million. Proceeds from the financing will be used to, among other things, advance the Company’s active exploration and development plan for the 2021/22 drilling season and to bring additional helium production online in 2022.

Company Info

Company
North American Helium
Location
calgary, alberta, canada
Additional Info
NAH has been the most active helium driller in Saskatchewan with over 30 wells drilled to date. The Company plans to have a continuous capital investment program, which will include acquisition of additional third-party and proprietary seismic data, drilling 15-20 wells per year, and concurrently building additional helium processing facilities as new fields are developed. Founded in 2013, North American Helium is a Calgary-based, private helium exploration and production company. To our knowledge, NAH is the only company in the past 40 years to successfully explore for and discover new economic fields of high helium gas in North America. Over the past several years, NAH has made four new discoveries and acquired rights to explore for and produce helium on a land base of over 5.0 million contiguous acres, primarily in Saskatchewan, Canada and Utah, USA. The Company owns and operates Canada’s largest helium purification facility, providing reliable, long-term North American supply of this scarce resource to meet growing demand. For more information please visit: https://nahelium.com.

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