North American Helium Raises $127 Million To Accelerate Growth

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Firm expands technical management with appointment of Mr. David Allen

CALGARY, Alberta — North American Helium Inc. (“ NAH ” or the “ Firm ”) at this time introduced the Firm lately closed a non-brokered frequent share fairness financing of roughly $127 million. Proceeds from the financing will probably be used to, amongst different issues, advance the Firm’s lively exploration and growth plan for the 2021/22 drilling season and to carry further helium manufacturing on-line in 2022.

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This present spherical of financing was led by XM Capital Companions Alternative Fund LP, a brand new investor in NAH, with important participation from current institutional shareholders.

“I wish to thank our current shareholders for his or her continued assist and welcome XM Capital Companions as a major new shareholder. This financing, together with internally generated money movement, positions us to have most flexibility to develop a number of manufacturing belongings concurrently, and to assist our technique of constructing a platform to supply dependable long-term sources of inexperienced helium provide in North America.” said Mr. Nicholas Snyder, Chairman and Chief Govt Officer. Mr. Snyder continued:

“With the elevated give attention to the sustainability and reliability of provide chains globally, our firm is uniquely positioned to assist be sure that there will probably be adequate helium provides into the longer term for the quickly rising house exploration and semiconductor manufacturing industries. In our view, the Authorities of Saskatchewan continues to acknowledge the significance of this trade and this month launched the Helium Motion Plan , which supplies coverage and program commitments to assist and develop inexperienced helium manufacturing within the province.”

EXECUTIVE APPOINTMENT

The Firm additionally declares the appointment of Mr. David Allen within the function of Govt Vice President, Exploration and Planning. Dave is a geologist with over 35 years of expertise in senior management roles throughout broad enterprise features. Dave has in depth expertise working with numerous groups to construct, characterize, and optimize drilling prospect inventories to be used in guiding company asset acquisition and capital programming actions.

Dave will probably be spearheading the classification and prioritization of development alternatives throughout the Firm’s five-million-acre land place, working collaboratively with the geology and geophysics groups to advance tactical and strategic development initiatives. He can even be actively concerned in engineering and long-term planning because the Firm will increase manufacturing and continues to construct a regional inexperienced helium hub in Saskatchewan, Canada.

Mr. Marlon McDougall, President and Chief Working Officer added, “It’s a very thrilling time at NAH as we have now entered a major development section. As a way to meet these expectations, we’ll proceed to broaden roles and features as crucial with the intention to construct on our popularity because the main helium exploration and manufacturing firm in North America. I’m comfortable to have somebody of Dave’s caliber onboard to assist drive this effort.”

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UPCOMING CONFERENCE PARTICIPATION

The Firm has been invited to take part within the Helium Tremendous Summit 2021 in Houston, Texas, which is about to happen from December 7 ^th – 9 ^th , 2021. This occasion supplies a discussion board for helium market and technological discussions by varied main trade individuals, analysts, and specialists.

Mr. Marlon McDougall will probably be presenting on the occasion.

Presentation date: December 9, 2021
Time: 12:30pm CST

ABOUT NORTH AMERICAN HELIUM INC.

NAH has been essentially the most lively helium driller in Saskatchewan with over 30 wells drilled up to now. The Firm plans to have a steady capital funding program, which is able to embody acquisition of further third-party and proprietary seismic information, drilling 15-20 wells per 12 months, and concurrently constructing further helium processing amenities as new fields are developed.

Based in 2013, North American Helium is a Calgary-based, personal helium exploration and manufacturing firm. To our data, NAH is the one firm prior to now 40 years to efficiently probe for and uncover new financial fields of excessive helium fuel in North America. Over the previous a number of years, NAH has made 4 new discoveries and purchased rights to probe for and produce helium on a land base of over 5.0 million contiguous acres, primarily in Saskatchewan, Canada and Utah, USA. The Firm owns and operates Canada’s largest helium purification facility, offering dependable, long-term North American provide of this scarce useful resource to fulfill rising demand. For extra info please go to: https://nahelium.com .

ABOUT HELIUM

Helium is an inert fuel produced by the decay of uranium and thorium that may be trapped in underground reservoirs proximal to the supply. Its distinctive bodily properties make it very important for a number of excessive know-how purposes the place there’s typically no substitute. Helium’s low boiling level and non-reactive nature make it very important for the pressurization and purging of liquid fuels in rockets for house exploration and satellite tv for pc infrastructure. Helium can be required for semiconductor manufacturing, MRI machines and sure welding purposes because of its excessive warmth capability. A widely known however minor use is as a lifting fuel in balloons and airships.

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Be aware: All monetary figures are in Canadian {dollars} until in any other case famous.

This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of the securities in any jurisdictions through which such supply, solicitation or sale can be illegal. Any providing made will probably be pursuant to accessible prospectus exemptions and restricted to individuals to whom the securities could also be bought in accordance with the legal guidelines of such jurisdictions, and by individuals permitted to promote the securities in accordance with the legal guidelines of such jurisdictions.

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Authorized Discover Relating to Ahead Trying Statements: This information launch accommodates “forward-looking statements” inside the which means of relevant Canadian securities laws. Ahead-looking statements are indicated expectations or intentions. Ahead-looking statements on this information launch embody statements with respect to make use of of proceeds, operational plans, and plans for elevated manufacturing and constructing at sure properties held by the Firm. A number of elements might trigger precise outcomes to be materially totally different from such statements together with market situations. Traders are cautioned towards inserting undue reliance on forward-looking statements. It’s not our coverage to replace ahead trying statements.

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Contacts

FOR INVESTOR AND MEDIA INQUIRIES:
Marlon McDougall, President & COO
North American Helium Inc.

Clayton Paradis, Vice President
Incite Capital Markets

Electronic mail: investors@nahelium.com