On track to have 20 wells in operation by Q2 2023 As a critical resource in numerous industries, including healthcare, technology, and aerospace, helium's value is steadily increasing, creating an attractive market for investors seeking long-term growth.
However, increasing demand coupled with a limited natural supply has given rise to the helium shortage 4.0, catapulting the helium market into a supply crisis.
On track to have 20 wells in operation by the second quarter of 2023 before scaling its operations significantly to upwards of 150 wells, Total Helium (TOH.v TTLHF) is strategically positioned to become a leading supplier in North America with its 27,000-acre Pinta South Project.
Situated in Arizona's helium-rich Holbrook Basin, the concentrations at Pinta South range from 5-8%, significantly surpassing the average helium concentration of up to 3% and underscoring the project's potential and economic viability.
An important development for TOH is its partnership with Linde ($LIN, $170+B market cap), the largest industrial gas company globally. As part of this collaboration, Linde will finance the pipeline expansion for the project and pay $500/Mcf for the initial 10 wells.
To demonstrate the significance of this partnership, the already successful production of 50,000mcf of helium at 8% concentration from TOH's two existing wells would generate over $9M in three years, securing robust economics for the project.
For more information, check out TOH's latest news release: https://www.totalhelium.com/cool_timeline/total-helium-provides-operational-update-on-pinta-south-project/
Posted on behalf of Total Helium Ltd