Japanese company invests in helium firm

By Medicine Hat News on March 22, 2025.

@MedicineHatNews

A Japanese petroleum firm has invested in a Canada helium company targeting helium-laced nitrogen deposits in southern Saskatchewan and controls exploration areas near Leader.

ENEOS Xplora, formerly known as Nippon Oil and Gas, announced on March 11 that it has invested C$2.7 million in Helium Evolution. That Calgary-based firm has ongoing joint project near Mankato, Sask. with North American Helium, and has outlined Leader area as a future base operating area.

“The world demand for helium has been solid over the last decade and is expected to grow in the long term,” read a release from ENEOS Xplora. “It is a key component used in a wide range of applications, such as semi-conductor manufacturing, MRI machines, and glass fibres production.”

The investment comes by way of ENOS Xplora’s U.S. based subsidiary. The global company reports annual revenue of about C$2 billion annually.

Wells planned on Suffield Block

IPC Canada has applied to drill 20 wells and instal gathering systems within the boundaries of CFB Suffield in 2025.

That information comes in a notice of environmental assessment posted by Ottawa and which is required for industrial activity on federal lands. The public comment period has closed.

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