Demand for helium is growing in the semiconductor, healthcare and nuclear energy sectors as well.
Produced from natural gas wells, helium is an odorless, colorless, non-toxic, non-combustible, and non-corrosive gas. Although it may be reminiscent of birthday balloons, this element is an important industrial gas because of its cooling properties.
Helium has many important applications in various industries that are seeing market growth, including manufacturing of semiconductors and electronics, medical imaging and nuclear power generation.
global helium supply This is mainly due to production at liquefaction facilities spread across the US, Qatar, Algeria, Russia, Australia, Canada, Poland and China.
In 2026, the global helium supply chain has been largely disrupted by the escalating conflict in the Middle East following the US-Israeli attacks on Iran in late February.
In response, Iran closed the passage through the Strait of Hormuz and attacked oil and gas facilities in other Gulf countries. One target was Qatar’s main natural gas hub, the Ras Laffan industrial city, where its helium processing facilities are located. This country produces one-third of the world’s helium.
The already growing demand for helium as an industrial gas was further increasing Exploration and development of helium projectsare included in Canada And in America.
Several Canadian helium companies are pursuing projects in North America and beyond. Below, Investing News Network lists the top helium stocks in Canada by market cap in 2026. All market cap figures were current as of April 23, 2026, with data collected using TradingView. stock screener.
1. Pulsar Helium (TSXV:PLSR)
market cap: C$275.64 million
Pulsar Helium is a helium project development company with assets in the United States and Greenland.
Pulsar’s US portfolio includes its flagship Topaz helium project in Minnesota and its Falcon project in Michigan. The company’s Topaz project is the latest helium discovery in the US, and work at the site has identified helium and helium-3. Its Jetstream #1 well has shown helium concentrations as high as 8.1 percent on average.
In Greenland, Pulsar owns the Tunu helium-geothermal project. Pulsar is the first company in Greenland to receive a license for helium exploration.
By mid-March 2026, Pulsar had Completed Drilling and down-hole logging of the Jetstream #7 well at Topaz was beginning, nearing the end of an exploratory drill campaign in which pressurized gas was encountered in all seven wells. The next steps include coordinated flow and pressure build-up testing at the wells. The outcomes of the programs will help the company define the scale and commercial feasibility of the project.
In April, Pulsar announced the addition of the Falcon project to its portfolio, which was formed after its subsidiary entered into an option agreement to lease non-hydrocarbon gas from mineral rights owned by the Kenewah Land Association. The initial three-year exploration option covers 480,090 acres, including the option for a future development lease of 20,000 acres.
2. Avanti Helium (TSXV:AVN)
market cap: C$57.7 million
Next on this list of top Canadian helium stocks is Avanti Helium. Its helium exploration and development properties include approximately 78,000 acres within the Greater Knappen area, covering land in both Southern Alberta, Canada and Northwest Montana, US. The company also has approximately 63,000 acres of prospective helium permit in southwestern Saskatchewan.
Avanti’s Sweetgrass Pool project in Montana is on track to achieve helium production by mid-2026, the company said in a statement. 14 April press release. The company has two wells at Sweetgrass that are capable of producing about 18,500 million cubic feet of gas per day at 1.1 percent helium.
“When operational, Sweetgrass is expected to become one of the few new domestic helium production facilities entering the U.S. market in the near term, supporting industries including semiconductors, aerospace, healthcare, advanced manufacturing and defense,” the press release said.
3. Helium Evolution (TSXV:HEVI)
market cap: C$32.93 million
Helium Evolution is a helium exploration company that holds rights to over 5 million acres of helium land in southern Saskatchewan, Canada. The company has a 49 percent working interest in helium wells on land combined with North American Helium, including the Mankota/Grasslands core area.
In late April, helium development shared The company and its JV partner have completed a 170 sq km 3D seismic program at Mankota/Grasslands. Interpretation of the seismic data will emerge later this spring and will help inform the selection of helium targets for the planned drill program scheduled for late 2026.
4. Desert Mountain Energy (TSXV:DME)
market cap: C$31.69 million
Desert Mountain Energy is engaged in exploration, development and production of helium, hydrogen, natural gas and condensate projects in the US.
Its flagship helium project is the West Pecos gas field in New Mexico, where it has a fully operational helium processing facility. Desert Mountain also owns the high-grade Holbrook Basin helium project in Arizona, which consists of four helium fields and eight wells.
desert mountains successfully picked up C$3 million in a private placement in March 2026, with plans to use the funds to “recommission the gathering pipeline system from the wells to the processing facility in the south of the property”.
5. Altura Energy (TSXV:ALTU)
market cap: C$21.86 million
Altura Energy is an exploration and production company that owns the Pinta-South Helium Project in Arizona’s Holbrook Basin. The project displays helium at a concentration of 5 percent to 8 percent.
Additionally, Altura has a non-operating 20 percent working interest in two producing wells in the basin. Offtake agreements have been entered into with a global industrial gases and chemicals manufacturing firm.
In early April, Altura finalized a form-in agreement Covering approximately 2,560 acres around two producing wells, it has been granted “the right to develop helium production in an area directly adjacent to existing production.” According to the company, the land ownership could potentially support an additional 64 wells in a single structure.
This is an updated version of an article first published by the Investing News Network in 2022.
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Securities Disclosure: I, Melissa Pistilli, do not have any direct investment interest in any of the companies mentioned in this article.
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