What are the potential consequences in the market if Helium Supply issues aren't resolved?
"The consequences are widespread, not only in the medical industry, space program and semiconductor manufacturing. Helium is such a critical and irreplaceable element and the world is running out."
Above are powerful remarks on the supply and demand characteristics of the helium market from the CEO of Total Helium (Ticker TOH.v or TTLHF for US investors), Robert Price.
Price shared this warning in an interview on The Deep Dive today which you can watch here:
Regarding the wider helium market Price dives into:
-How the Canadian Helium Users group and Radiologists are requesting that the Canadian government prioritize helium as an urgent mineral
- What Attracted Price to the Helium Industry
- Forecasted growth of the Helium Market
- How Arizona (where TOH is expanding an already producing helium well) is the "Saudi Arabia" of Helium
- and more
Speaking on TOH specifically Price describes the helium production expansion program that TOH is currently conducting. There are 15 wells in total at TOH's Pinta South Project. Seven of these wells are currently producing helium.
The company recently completed a six-mile pipeline and put in compression stations at the property with the pursuit of bringing the other 8 existing wells on the property into production.
Price says that TOH will start drilling 3 additional wells in the coming weeks. Make sure to check out the full interview for more information. Posted on behalf of Total Helium Ltd.