Helium Evolution CEO Greg Robb: First Drill Program Set in June, Helium Manufacturing in 2023

Helium Evolution (TSXV:HEVI) CEO Greg Robb shared that the corporate efficiently raised over C$12 million in financing, acquired helium permits for five.6 million acres of land in Saskatchewan, bought roughly 650 kilometers of 2D seismic information and recognized quite a lot of potential drill targets.

“We plan on beginning our first drilling program in June; we have got six targets picked to start out with,” Robb mentioned. “We have engaged the engineering agency to start out engaged on some processing models for us. And so following our drilling program, which will probably be about eight weeks in June and July, there will be some testing into August. Then within the fall, we’ll do some seismic, possibly some additional drilling. Whereas our amenities are being fabricated, we’ll get able to put these in place. And if all the things comes collectively as we envision it, we will probably be producing helium within the first quarter of 2023.”

Canada’s helium reserves are largely undeveloped and current a chance to help North American demand. Saskatchewan can also be dwelling to one of the extremely concentrated helium assets on the earth and a “land rush” has taken place within the province to safe land rights to beforehand untapped helium assets.

Helium Evolution is targeted on helium extraction, which affords a inexperienced different to harvesting helium as a by-product of pure gasoline. The corporate’s land package deal is situated in a helium-rich space in Saskatchewan, which is in shut proximity to the US market, facilitating simpler commerce.

“The market is extremely specialised,” Robb shared. “Quite a lot of the product will go to the US, but additionally to Southeast Asia. It is transported in specifically manufactured tube trailers which are crammed up on website by means of a processing facility. After which they go down the highway in comparatively small allotments of about 200,000 cubic ft per truckload, and it will go to the US. In some locations, it goes to liquefaction amenities the place it is changed into a liquid product and can go abroad to Korea, Japan, Taiwan, the place they make semiconductors and on this materials, it’s going to additionally go into Texas and California. The liquid product, which is the premium product, goes in what we name ISO containers, and that is additionally a really thrilling space. Saskatchewan desires to get into the liquefaction space, so we’re pondering possibly 24 to 36 months down the highway, there may very well be a liquefaction facility in Saskatchewan.”

Watch the total interview of Helium Evolution CEO Greg Robb above.

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