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Helium prospecting is picking up in north-central Montana with Canadian companies expanding south after years of development in Saskatchewan and Alberta.

Helium prospecting is picking up in north-central Montana with Canadian companies expanding south after years of development in Saskatchewan and Alberta.

Beyond the filling of party balloons, the element has a host of uses — from medical applications and MRI machines to fibre optic cables.

Article content With global helium prices hitting stratospheric levels, exploration companies are racing to snap up assets in Alberta in a bid to turn this province into a significant supplier of the in-demand gas. “It’s a bit of a land rush right now, to be honest,” said Chris Bakker, CEO of Calgary-based Avanti Energy, which recently leased 7,000 acres in southern Alberta for the purpose of helium exploration and is in negotiations for another 12,000 acres in Montana. We apologize, but this video has failed to load. Try refreshing your browser, or 'Land rush' on in Alberta as demand ...

Article content CALGARY – In a corner of Saskatchewan where drillers had previously spudded wells for oil and gas extraction, investors are pouring money into a previously untapped resource, which emits no carbon and could diversify the province’s economy. “There’s a fair amount of capital out there that understands the technology, understands drilling, understands all of that but is a little nervous about the oil and gas space,” said Andrew Davidson, president and CEO of Royal Helium Ltd., a TSX-Venture exchange listed company that last year raised $7.5 million to drill three well...