Helium Stocks: 5 Biggest Canadian Companies in 2026

1. Pulsar Helium (TSXV:PLSR)

Market cap: C$275.64 million

Pulsar Helium is a helium project development company with assets in the United States and Greenland.

Pulsar's US portfolio includes its flagship Topaz helium project in Minnesota and its Falcon project in Michigan. The company's Topaz project is the newest helium discovery in the US, and work at the site has identified helium and helium-3. Its Jetstream #1 well has demonstrated high helium concentrations averaging 8.1 percent.

In Greenland, Pulsar owns the Tunu helium-geothermal project. Pulsar is the first company in Greenland to obtain a license for helium exploration.

As of mid-March 2026, Pulsar had completed drilling of the Jetstream #7 well at Topaz and was beginning down-hole logging, nearing the end of an exploratory drill campaign that encountered pressurized gas in all seven wells. The next steps include coordinated flow and pressure build-up testing at the wells. The results of the programs will help the company in defining the scale and commercial viability of the project.

In April, Pulsar announced the addition of the Falcon project to its portfolio, formed after its subsidiary entered an option agreement to lease non-hydrocarbon gas from mineral rights owned by Keneewaw Land Association. The initial three year exploration option covers 480,090 acres, with the option for a 20,000 acre development leasehold in the future.

2. Avanti Helium (TSXV:AVN)

Market cap: C$57.7 million

Next up on this list of top Canadian helium stocks is Avanti Helium. Its helium exploration and development assets include approximately 78,000 acres within the Greater Knappen area, which covers land in both Southern Alberta, Canada, and Northwest Montana, US. The company also owns approximately 63,000 acres of prospective helium permits within Southwest Saskatchewan.

Avanti’s Sweetgrass pool project in Montana is on track to achieve helium production by mid-2026, the company stated in its April 14 press release. The company has two wells at Sweetgrass capable of total gas production of approximately 18,500 million cubic feet per day at 1.1 percent helium.

"Upon commissioning, Sweetgrass is expected to become one of the few new domestic helium production facilities entering the U.S. market in the near term, supporting industries including semiconductors, aerospace, healthcare, advanced manufacturing, and defense," the press release says.

3. Helium Evolution (TSXV:HEVI)

Market cap: C$32.93 million

Helium Evolution is a helium exploration company with over 5 million acres of helium land rights in Southern Saskatchewan, Canada. The company holds a 49 percent working interest in helium wells on joint lands with North American Helium, including the Mankota/Grasslands core area.

In late April, Helium Evolution shared that the company and its joint venture partner had completed a 170 square kilometer 3D seismic program across Mankota/Grasslands. The interpretation of the seismic data will be out later this spring and will help inform the selection of helium targets for the planned drill program slated for later in 2026.

4. Desert Mountain Energy (TSXV:DME)

Market cap: C$31.69 million

Desert Mountain Energy is engaged in the exploration, development and production of helium, hydrogen, natural gas and condensate projects in the US.

Its key helium project is the West Pecos gas field in New Mexico, where it has a fully operational helium processing facility. Desert Mountain also owns the high-grade Holbrook Basin helium project in Arizona, which hosts four helium fields and eight wells.

Desert Mountain successfully raised C$3 million in a private placement in March 2026, with plans to use the funding to "recomplete the gathering pipeline system from the wells in the south of the property to the processing facility."

5. Altura Energy (TSXV:ALTU)

Market cap: C$21.86 million

Altura Energy is an exploration and production company that holds the Pinta-South helium project in the Holbrook Basin of Arizona. The project exhibits helium at concentrations of 5 percent to 8 percent.

Additionally, Altura has a non-operating 20 percent working interest in two producing wells in the basin. Offtake agreements are in place with a global industrial gas and chemicals manufacturing firm.

In early April, Altura finalized a farm-in agreement covering about 2,560 acres surrounding the two producing wells, giving it "the right to develop helium production across acreage directly contiguous to existing production." According to the company, the landholding could potentially support up to an additional 64 wells in a single formation.