Helium Evolution starts up Soda Lake processing plant

Executive Summary

• Helium Evolution Inc. announced the successful commissioning and start‑up of its Soda Lake helium purification facility in the Mankota area.
• The joint‑venture plant, in which HEVI holds a 20% working interest with North American Helium Inc., is designed to process 12 MMscf/d of raw gas sourced from three newly drilled helium wells.
• Management highlighted that the start‑up marks the transition from an exploration‑focused company to an active helium producer, positioning the firm for meaningful cash flow and long‑term shareholder value.

Key Details

• Facility Location & Ownership: Soda Lake purification plant at 1‑2‑4‑9W3 (Mankota area); Helium Evolution holds a 20% working interest; joint project with North American Helium Inc. (NAH).
• Processing Capacity: Designed to handle 12 million standard cubic feet per day of raw helium‑rich gas.
• Supply Source: Initial feedstock will come from three helium wells connected via a dedicated pipeline gathering system.
• Funding: The project is “fully funded,” though specific capital amounts were not disclosed.
• Strategic Significance: CEO Jim Baker described the start‑up as a pivotal moment, shifting HEVI from pure exploration to active production and enabling cash‑flow generation.
• Future Outlook: Management indicated plans to continue advancing development across its extensive land base in Southern Saskatchewan, one of North America’s most promising helium districts.

Notable Quotes

“The start-up of the Soda Lake facility represents the transformation of HEVI from an exploration-focused company to an active participant in helium production… we are positioned to generate meaningful cash flow and long‑term value for our shareholders.” – Jim Baker, Interim President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.