- HEVI is capitalizing on the untapped potential of Saskatchewan’s helium resource
- The Company has land rights to over 5 million acres with a pending application for 1 million additional acres, representing the largest land package held by a public company in North America.
- HEVI’s Saskatchewan holdings put the Company in a natural resource-friendly province with a skilled local workforce and a supportive government
- HEVI is focused on helium extraction in wells that have nitrogen as the carrier gas, creating an environmentally friendly operation that will also create a cost advantage during the extraction and liquefaction processes
- HEVI’s land package contains significant helium targets created by radioactive decay; existing exploration data will help the Company select drill targets offering higher probabilities of success
- The Company is led by an impressive management team with a combined 150 years of experience in resource development and executive leadership
Helium is an essential resource required in numerous industrial applications, including modern MRI systems, , fiber-optics production, semiconductors, space exploration and arc welding. The more high-tech the world becomes, the more helium its going to need, and for most uses, there is no available substitute. A recent study suggests that global demand for helium may outpace production until 2025, potentially even lasting until 2030, driven by expanding Internet access, increased demand for semiconductors, and even advances in quantum computing.
North America has historically represented the largest source of helium consumption, with the United States consuming 74 million cubic meters of helium, and Qatar in second place at almost half the consumption at 45 million cubic meters.