Top Canadian Helium Producers in the Year 2025: A Look at the Biggest Players
In the ever-evolving world of energy, helium has emerged as a crucial industrial gas due to its unique cooling properties and critical applications in sectors such as semiconductors, healthcare, and nuclear energy. As global demand for helium continues to rise, so does the exploration and development of helium projects, including in Canada and the US.
Two Canadian companies, Pulsar Helium (TSXV:PLSR) and Desert Mountain Energy (TSXV:DME), are leading the charge in the Canadian helium sector.
Pulsar Helium, with a market cap of C$46.05 million, is a project development company with assets in the United States and Greenland. The company's Topaz project in Minnesota has demonstrated high helium concentrations of 14.5 percent, and a well flow testing program is currently underway to assess the project's production potential. Another significant project for Pulsar Helium is the Tunu helium-geothermal project in Greenland, one of few primary helium projects in Europe. A pre-feasibility study is expected to be completed by the end of August 2025.
Desert Mountain Energy, with a market cap of C$18.84 million, is engaged in the exploration, development, and production of helium, hydrogen, natural gas, and condensate projects in the US. The company's key helium project is the West Pecos gas field in New Mexico, which is fully operational and focuses on helium production. Desert Mountain Energy is also expanding into the international market with the formation of Desert Energy UK, a wholly owned subsidiary holding a significant helium and hydrogen exploration license in Devon, UK.
While exact market cap figures weren't provided for Avanti Helium (TSXV:AVN), the company is identified as a notable undervalued stock in the oil and gas sector on Canadian exchanges in 2025 and recognized among top helium plays. Specific project details were not given in the search results, but it is active in helium exploration and production.
Other notable players in the global helium market include Pulsar Helium's partner, ENEOS Explora USA, a subsidiary of Japanese energy conglomerate ENEOS Group, which holds a 28 percent stake in Helium Evolution.
In summary, Pulsar Helium and Desert Mountain Energy dominate the Canadian helium sector by market cap in 2025, each focusing on significant helium projects in North America and Greenland or the UK, with active exploration, testing, and pre-feasibility work underway. For those interested in the helium market, keeping an eye on these companies could prove to be a valuable investment strategy.
[1] Pulsar Helium Investor Presentation, 2025 [2] Desert Mountain Energy Corporate Presentation, 2025 [3] Charbone Hydrogen Corporation, 2025 Annual Report [4] Lithium and Nickel Miners Market Overview, 2025 [5] The Globe and Mail, "Avanti Helium Corp. emerges as a top helium play", June 2025.
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