Receipt of Helium Purchase Prepayment VANCOUVER, BC, Dec. 7, 2021 /CNW/ - Total Helium Ltd. (the "Company") announces that it has received its second payment of USD $950,000 from a leading global industrial gases company as part of a helium gas purchase agreement.
Helium Purchase Agreement
Total Helium, through its wholly owned subsidiary Brooks Range Corporation, has entered into a helium purchase agreement. Under the agreement, the leading global industrial gases company has committed to purchase helium from Total Helium's project wells and provide two USD $950,000 payments as pre-payment for future deliveries of helium.
Both USD $950,000 payments have been received by the Company.
Total Helium is a helium exploration, production and storage solutions company which is drilling its first wells, in the months of November, December and January, at its 86,000-acre lease-holding in western Kansas where it plans to extend the largest continuous conventional natural gas and helium field in North America, the Hugoton Gas Field. The Company is working towards establishing underground helium storage solutions nearby existing North American helium infrastructure.
www.totalhelium.com
https://www.newswire.ca/en/releases/archive/December2021/07/c2909.html