Helium Stocks: 5 Biggest Canadian Companies in 2025
Demand for helium is rising alongside the semiconductor, healthcare and nuclear energy sectors.
Produced from natural gas wells, helium is an odorless, colorless, non-toxic, non-combustible and non-corrosive gas. While it may bring to mind birthday balloons, the element is an important industrial gas due to its cooling properties.
Helium has several critical applications across various industries witnessing market growth, including the manufacturing of semiconductors and electronics, medical imaging and nuclear power generation.
Global helium supply is mainly attributable to production at liquefaction facilities spread across the US, Qatar, Algeria, Russia, Australia, Canada, Poland and China. However, increasing demand for helium as an industrial gas is spurring further exploration and development of helium projects, including in Canada and in the US.
Several Canadian helium companies are advancing projects in North America and beyond. Below, the Investing News Network lists the top helium stocks in Canada by market cap in 2025. All market caps figures were current as of August 7, 2025, with data gathered using TradingView’s stock screener.
1. Pulsar Helium (TSXV:PLSR)
Market cap: C$46.05 million
Pulsar Helium is a helium project development company with assets in the United States and Greenland.
The company’s Topaz project in Minnesota is the newest helium discovery in the US, and drilling at its Jetstream #1 well in 2024 demonstrated high helium concentrations of 14.5 percent. Pulsar is also the first company in Greenland to obtain a license for helium exploration. According to the company, its Tunu helium-geothermal project in the country is one of just a few primary helium projects in Europe.
At Topaz, Pulsar is conducting a well flow testing program at the Jetstream prospect during the summer to gain data necessary to assess the project’s production potential. As for Tunu, a pre-feasibility study is underway at the project and is slated for completion by the end of August 2025.
2. Desert Mountain Energy (TSXV:DME)
Market cap: C$18.84 million
Next up on this list of top Canadian helium stocks is Desert Mountain Energy, a company engaged in the exploration, development and production of helium, hydrogen, natural gas and condensate projects in the US. Its key helium project is the West Pecos gas field in New Mexico, where it has a fully operational helium processing facility. It also owns the high-grade Holbrook Basin helium project in Arizona.
In 2025, Desert Mountain Energy is expanding into the international market with the formation of its wholly owned subsidiary Desert Energy UK, which has secured a substantial onshore exploration license for helium and hydrogen in Devon, United Kingdom.
3. Helium Evolution (TSXV:HEVI)
Market cap: C$12.07 million
Helium Evolution is a helium exploration company with over 5 million acres of helium land rights in Southern…
