Overview
Helium is an important useful resource required in quite a few industrial purposes, together with trendy MRI programs, , fiber-optics manufacturing, semiconductors, house exploration and arc welding. The extra high-tech the world turns into, the extra helium its going to wish, and for many makes use of, there is no such thing as a accessible substitute. A current examine means that international demand for helium could outpace manufacturing till 2025, probably even lasting till 2030, pushed by increasing Web entry, elevated demand for semiconductors, and even advances in quantum computing.
North America has traditionally represented the most important supply of helium consumption, with the USA consuming 74 million cubic meters of helium, and Qatar in second place at virtually half the consumption at 45 million cubic meters.
HEVI chosen southern Saskatchewan for a wide range of causes. First, the decaying uranium within the space’s basement rocks has produced vital helium reserves all through southern Saskatchewan. Second, Helium Evolution’s goal geological formation, referred to as The Deadwood, comprises as much as 2.0 p.c confirmed helium content material alongside 95+ p.c nitrogen content material. Present geophysical knowledge is available and can assist Helium Evolution choose the perfect drill targets.
Why does this matter? The presence of nitrogen because the service fuel permits Helium Evolution to vent the fuel in an environmentally-friendly method whereas additionally offering price benefits in the course of the helium extraction and liquefaction processes. Moreover, drilling for helium is just like extracting typical pure fuel, which means there’s no want for specialised tools and administration’s present oil and fuel improvement experience might be leveraged. Low-cost vertical drilling is all that’s required for HEVI to start extraction.
HEVI is led by a powerful administration crew with a mixed 150 years of useful resource improvement expertise, together with engineering, geological and government administration throughout the company panorama. CEO Greg Robb boasts 35 years of direct expertise in Western Canada the place he targeted on the acquisition and improvement of pure assets within the area. Patrick Mills, COO, brings over three a long time of government, managerial, and engineering expertise in Western Canada as properly. In the meantime, VP John Kanderka has 40 years of instantly relevant expertise within the power and mineral sectors, serving as an officer in each private and non-private entities. The administration crew is complemented by a really robust board, which incorporates the previous premier of Saskatchewan, Brad Wall and senior power executives Mike Graham, Philip Hughes and James Baker
Firm Highlights
- HEVI is capitalizing on the untapped potential of Saskatchewan’s helium useful resource
- The Firm has land rights to over 5 million acres with a pending utility for 1 million further acres, representing the most important land package deal held by a public firm in North America.
- HEVI’s Saskatchewan holdings put the Firm in a pure resource-friendly province with a talented native workforce and a supportive authorities
- HEVI is concentrated on helium extraction in wells which have nitrogen because the service fuel, creating an environmentally pleasant operation that may even create a price benefit in the course of the extraction and liquefaction processes
- HEVI’s land package deal comprises vital helium targets created by radioactive decay; present exploration knowledge will assist the Firm choose drill targets providing increased possibilities of success
- The Firm is led by a powerful administration crew with a mixed 150 years of expertise in useful resource improvement and government management
Key Tasks
The Deadwood
Helium Evolution is concentrating on a geological formation referred to as The Deadwood Sand Reservoir for its preliminary exploration and improvement. A number of drilling targets for near-term improvement have already been recognized. Seismic knowledge for these targets is present process evaluation earlier than drilling begins.
Mission Highlights:
- Present Geophysical Information: Helium Evolution has acquired a big quantity of information, together with properly logs, aeromagnetic knowledge, and seismic knowledge to evaluate the perfect drill targets
- Easy Drilling Course of: Drilling for helium is just like typical pure fuel drilling, solely requiring a vertical drill and doesn’t require specialised tools or fracture stimulation
- Nitrogen Provider Gasoline: Nitrogen is the first service fuel, permitting for environmentally-friendly venting and a price benefit throughout extraction and liquification
- Close by Wells: A close-by helium improvement, the Mankota Pool, has demonstrated a nitrogen-rich reserve boasting helium contents of 1.08 p.c and has a close-by helium manufacturing facility
- Close to- Time period Drilling: Preliminary drilling is slated to start Q2-Q3 2022 on 4 take a look at wells chosen based mostly on seismic knowledge. Helium Evolution’s purpose is to finish the drilling program and start manufacturing of uncooked helium Q1-Q2 2023.
Administration Staff
Greg Robb – Chief Govt Officer, Director
Greg Robb brings over 35 years of expertise throughout all sides of Western Canadian power useful resource exercise, together with exploration and improvement, acquisitions & inclinations, and reserve valuations. He beforehand held government positions in a number of E&P firms, and based Salvo Power Corp. in 2006. He has in depth expertise in heavy oil, shallow fuel, coal mattress methane, deep basin tight fuel, and traditional oil and fuel performs, evaluating over $500MM of acquired belongings.
Patrick Mills – Chief Working Officer
Patrick Mills has over 36 years of government, managerial, and engineering & operational expertise within the Western Canadian Sedimentary Basin. He beforehand based Mustang Sources and Pegasus Oil & Gasoline the place he held government and board positions, in addition to technical and managerial positions with Texaco, Imperial Oil Ltd, and Startech Power.
Ryan Tomlinson – Chief Monetary Officer
Ryan Tomlinson holds the Chartered Skilled Accountant (CPA) and Licensed Administration Accountant (CMA) designations. He has in depth monetary accounting expertise with home and worldwide personal and public oil and fuel firms and has raised fairness in each personal and public markets. He has held key roles with growing accountability serving as Controller and CFO.
John Kanderka – VP, Company Growth
John Kanderka has over 40 years of expertise within the power and mineral sectors as each an officer and director of personal and public entities. He beforehand based a number of firms resulting in a wide selection of expertise in company finance, mergers and acquisitions, buyouts, and company restructuring. He’s at the moment a Director of Orestone Mining Corp. and Chairman & Founding father of Visionary Gold Corp.
