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Helium Evolution (TSXV:HEVI) a Canadian explorer developing assets in southern Saskatchewan, announced this week construction at its planned 12 million standard cubic feet per day helium processing facility in the Mankota area is in its final stages of construction, now more than 95% complete.
The estimated total cost for HEVI’s 20% working interest share of the Soda Lake Facility is approximately C$5.2 million ($3.8m).
The Soda Lake Facility is expected to be operational in the fourth quarter of 2025 and will initially tie-in three helium wells through a dedicated pipeline gathering system, the company said.
Helium’s most critical applications are in medical imaging, where liquid helium cools superconducting magnets, and semiconductor manufacturing. It is exclusively a byproduct of natural gas mining, but new large helium deposits are becoming fewer and farther between.…
