The helium market is worth $4.4 billion globally and is expected to grow at over 12% annually between 2022 and 2023. With the depletion of global helium supplies, Total Helium Ltd. (Ticker TOH.v or TTLHF for US investors) recognizes the importance of maintaining domestic ownership of this valuable resource, given its various industrial applications.
As explained in the following article TOH specializes in the exploration, production, and storage of helium, aiming to become a leading domestic supplier of helium in North America.
Read here: https://www.accesswire.com/763631/How-Total-Helium-OTCQB-TTLHF-Plans-To-Become-A-Leading-Domestic-Supplier-For-Helium
Total Helium recently signed a joint venture for 50% ownership of the Pinta South helium field in Arizona and plans to expand the project to include 18 wells by the second quarter of 2023.
The site has high helium concentrations and shallow field targets, enabling cost-effective drilling operations.
The company has secured CA$12.5 million in capital for the project and has the potential to expand up to 300 drill sites.
With rising helium prices, Total Helium aims to expand its footprint by increasing the number of wells and exploring emerging helium plays. It aims to become a key domestic provider of helium, supporting the growth of industries such as medical devices, semiconductors, and aerospace while ensuring American gas independence.
Check out TOH's website for more info: https://www.totalhelium.com/ Posted on behalf of Total Helium Ltd.