CALGARY, Alberta--(BUSINESS WIRE)--North American Helium Inc. (“NAH” or the “Company”) today announced that Mr. Terry Mah has recently joined the Company’s Exploration and Development team as a Senior Geophysicist.
“With over 25 years of international and domestic exploration experience, Mr. Mah increases NAH’s technical capacity, enhancing our ability to evaluate and advance the helium resource potential within the Company’s asset base. As we move the Company beyond resource capture and into a commercialization and growth phase, Terry’s expertise will contribute significantly to the advancement of exploration and development drilling programs”, commented Marlon McDougall, President and Chief Operating Officer.
“We welcome Terry to the North American Helium team and look forward to providing more regular updates on our progress. The Company will continue to work toward developing new sources of reliable and responsible helium supply in North America, which according to IHS Markit is the world’s largest helium market based on consumption.”
Helium is an inert gas produced by the decay of uranium and thorium that can be trapped in underground reservoirs proximal to the source. Its unique physical properties make it vital for a number of high technology applications where there is often no substitute. Liquid helium is used in cryogenics, particularly in the cooling of superconducting magnets, with the main commercial application being in MRI scanners. Helium's low boiling point and non-reactive nature also make it vital for the pressurization and purging of liquid fuels in rockets for space exploration and satellite infrastructure. Helium is also required for semiconductor manufacturing and certain welding applications due to its high heat capacity. A well-known but minor use is as a lifting gas in balloons and airships.
ABOUT NORTH AMERICAN HELIUM INC.
Founded in 2013, North American Helium is a Calgary-based, private helium exploration and production company. To our knowledge, NAH is the only company in the past 40 years to successfully explore for and discover new economic fields of high helium gas in North America. Over the past three years, NAH has made four new discoveries and acquired rights to explore for and produce helium on a land base of over 3.5 million contiguous acres, primarily in Saskatchewan, Canada and Utah, USA. To our knowledge NAH is the world’s largest helium rights holder. The Company expects to start producing and marketing helium in 2020 with the goal of providing reliable, long-term North American supply of this scarce resource to meet growing demand. For more information please visit: https://nahelium.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdictions in which such offer, solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus exemptions and restricted to persons to whom the securities may be sold in accordance with the laws of such jurisdictions, and by persons permitted to sell the securities in accordance with the laws of such jurisdictions.
Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Growth depends on several factors including market conditions. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.