Helium Evolution Completes Soda Lake Facility, Marks Shift to Production
Helium Evolution Incorporated (TSXV:HEVI) has marked a significant milestone with the completion of its helium processing facility, the Soda Lake Facility, in Mankota, Alberta. The company, which holds a 20% working interest in the project, expects the facility to generate substantial cash flow and long-term value for shareholders.
The Soda Lake Facility, a joint project with North American Helium Incorporated (NAH), is now operational. It is designed to process a substantial 12 million standard cubic feet of raw gas per day. The facility is initially supplied by three helium wells, connected through a dedicated pipeline gathering system. This marks a shift for Helium Evolution, transitioning it from an exploration-focused company to an active participant in helium production.
The 80% owner of the Soda Lake Facility involved in its commissioning with Helium Evolution remains unidentified, as search results did not provide this information.
With the Soda Lake Facility now commissioned, Helium Evolution anticipates meaningful cash flow and long-term value for shareholders. The facility's capacity and initial supply from three helium wells position it well for productive helium processing.
