North American Helium has said it will bring additional helium production online in 2022, as the exploration and production company today (23rd Nov) confirmed that it has raised $127m to accelerate growth.
Led by XM Capital Partners Opportunity Fund, a new investor in North American Helium, the financing will advance the company’s active exploration and development plans for 2021/22 drilling season.
To date, North American Helium is the most active helium driller in Saskatchewan, Canada, with over 30 wells drilled at the time of publication. Looking ahead, the company plans to have a continuous capital investment programme, which will include acquisition of additional third-party and proprietary seismic data, drilling 15-20 wells per year and building additional helium processing facilities.
Nicholas Snyder, Chairman and CEO of North American Helium, said, “I would like to thank our existing shareholders for the continued support and welcome XM Capital Partners as a significant new shareholder.”
... to continue reading you must be subscribed