Expanding Helium Production: The Potential of Pinta South Since 2016, the world has been grappling with a helium shortage, a situation that has been further aggravated by the Ukraine conflict, disrupting Russian helium supplies. This scarcity has ignited fierce competition among tech giants and various other sectors, all vying for access to this crucial gas that plays an essential role in electronics manufacturing and remains irreplaceable in numerous industries.
https://www.baystreet.ca/articles/commodities/89954/Helium-Wars-Why-Are-Tech-Giants-Fighting-Over-This-Rare-Gas
In the midst of this environment of surging demand and limited supply, Total Helium (TOH.v or TTLHF for US investors) is strengthening its position in the rapidly expanding helium industry.
One of TOH's significant contributions to addressing this surging helium demand is its strategic involvement in the Pinta South Helium Project, situated within Arizona's Holbrook Basin. Covering a vast expanse of 27,000 acres, the Pinta South field presents abundant opportunities for cost-effective expansion.
At present, the project boasts nine operational helium wells, with an additional ten wells in various stages of development. The incorporation of these newly developed wells into the production network is expected to drive a substantial increase in helium production and corresponding revenue growth.
Pinta South has produced helium in concentrations ranging from 5% to 8%, significantly higher compared to the typical concentration of 0.5%. This underscores the project's potential to make a significant contribution to the growing demand for helium.
The project has the capacity to accommodate a total of 300 wells, each with an average cost of just $220,000 per well, making it a cost-effective and potentially lucrative endeavor.
Company Website: https://www.totalhelium.com/
Posted on behalf of Total Helium Ltd.