Despite being lighter than air itself, the value of helium carries a lot of weight. Helium is shaping up to be an immensely valuable resource and one Company is sitting on what could be a top global reserve. The global helium supply is currently very concentrated with the US and Qatar alone currently accounting for roughly 75% of what is left of the world’s supply.
Critical to innovation in science and technology, analysts forecast the global market to rise above $8.2 billion (USD) in three years’ time, but that number could be even higher, given a recent report by
The Business Research Company detailed a number of high-tech uses for it. Some of these uses are brand new, such as applications ranging from being used as an alternative method to store COVID-19 vaccines without a power supply.
The growing number of COVID-19 cases across the globe coupled with an increasing
number of vaccines or drugs to curb the virus, has generated
an urgent requirement for cold-chain freezers to store COVID-19 vaccines. Helium is used for storing COVID-19 vaccines at ultra-cold temperatures. Helium can convectively remove heat faster than any other molecular compound and this thermal conductivity makes for a uniquely powerful heat absorber.
This critical, irreplaceable element is essential to many sectors and is a vital resource, essential in modern technologies with major critical uses throughout the science, medicine, and manufacturing industries. In many cases it cannot be synthesized or substituted. Unlike burning fossil fuels, there is no direct carbon footprint associated with the use of helium.
Headquartered in Vancouver, British Columbia,
Desert Mountain Energy Corp. (TSX-V: DME,OTCQX: DMEHF,Forum) is an exploratory resource Company engaged in the exploration and development of helium properties in the Southwestern United States. Currently, the Company is advancing its Flagship Tier 1 Helium Project in Arizona’s Holbrook Basin
Its helium project in the prolific helium region of Arizona contains the highest grades of the element found anywhere in North America. This is a noteworthy operation during a crucial time in our history. The Company recently released guidance on helium reserves on its
first well that was completed in 2020.
The world’s largest supplier of helium for the past 70 years is drying up - The US National Helium Reserve in Amarillo, Texas, was created during the Cold War as helium began to again be considered a key resource to the government but has since essentially become exhausted and has terminated public sales. However, the helium market has only grown stronger and investors are now waking up to a new play that’s very much part of the New Green Revolution.
Desert Mountain is looking to drill in its recently expanded
Navajo County, Arizona land package by the end of March into April 2021 with a three well operation. The team had noted that a number of probable locations across a helium trend where previous wells had helium showings in different horizons within the same wellbore. It is rare that a junior exploration company could have the opportunity to participate in drilling a Tier 1 project like this, let alone control such core capital assets this early in its exploration model.
The Company is also reviewing properties that it had originally acquired for
hydrogen production possibilities that the leadership team considered as highly prospective for both hydrogen and helium production. Management had chosen to focus on the more easily enhanced nitrogen / helium properties instead of the more involved hydrogen / helium processing facility requirements.
The Company explained that the more robust nitrogen / helium traps will continue to be its focus, as the team feels overly positive about the known hydrogen occurrences on the lease properties it had originally included in its acquisitions. However, prospective areas have been specifically chosen for future hydrogen / helium production.
There is major growth potential for helium in areas ranging from semiconductors, electronics applications, to space and near-space travel. The demand from electronics manufacturing is expected to drive much of its future growth, such as semi-conductor, flat-panel display, and optical fibre manufacturing. There are also new uses for helium that are constantly emerging.
Investors should keep Desert Mountain Energy Corp. on their radar and follow their endeavours to see what the Company discovers in their highly prospective operation.
desertmountainenergy.com FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.