Helium is a gas that is irreplaceable for many reasons.
- Non-toxic and books at -268 C
- Very unreactive/highly stable
- Non-combustible
- So light that earth’s gravity cannot hold it/loses the gas into space, meaning that once it’s gone… it’s gone
Due to a demand surge from tech and space exploration, the gas has seen a shortage begin to form across the globe as companies scramble to purchase the precious gas and governments stockpile it. This shortage has caused prices to rise, which is good news for helium mining companies.
https://www.baystreet.ca/stockstowatch/10996/Could-A-Helium-Shortage-Derail-The-Tech-Boom
- Drilling went as planned
- Total depth of 2,167.46m and preliminary data has indicated that the well has intersected a 152-meter section of the Beaverhill Lake Formation
- Production testing of the well is now to commence to determine the potential that the well holds
https://thedeepdive.ca/imperial-helium-sees-first-well-completed-at-steveville/
This is only the very beginning for $IHC, the first well of many. With demand projected to stay consistent over the following decade, things look pretty good for $IHC as they begin to inch closer to production. Looking pretty cheap at $0.33