North American Helium commenced first helium production at its Cypress field in July 2020. Production from this initial well is secured through a multi-year off-take agreement, providing for revenue certainty and locking in favourable economics.

Helium production volumes from this initial well is expected to supply up to six transport tube trailers per month for distribution throughout North America.

Operational success with this initial production facility allows NAH to proceed with its larger helium production facility at the nearby Battle Creek field. Production throughput volumes at this new facility are expected to be five times greater than this initial site. Equipment for the new plant has been placed on order with site preparation and construction scheduled to commence in the fall of 2020 and an on-stream date of July 2021.

As with the first helium production, NAH is currently in the process of contracting expected volumes from the Battle Creek helium production facility on long-term off-take sales agreement.