Total Helium receives $950K (U.S.) payment 2021-12-07 01:49 ET - News Release
Mr. Robert Price reports
TOTAL HELIUM ANNOUNCES THE RECEIPT OF HELIUM PURCHASE PREPAYMENT FROM LEADING GLOBAL INDUSTRIAL GASES COMPANY
Total Helium Ltd. has received its second payment of $950,000 (U.S.) from a leading global industrial gas company as part of a helium gas purchase agreement.
Helium purchase agreement
Total Helium, through its wholly owned subsidiary Brooks Range Corp., has entered into a helium purchase agreement. Under the agreement, the leading global industrial gas company has committed to purchase helium from Total Helium's project wells and provide two $950,000 (U.S.) payments as prepayment for future deliveries of helium.
Both $950,000 (U.S.) payments have been received by the company.
Total Helium is a helium exploration, production and storage solution company, which is drilling its first wells, in the months of November, December and January, at its 86,000-acre leaseholding 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 toward establishing underground helium storage solutions nearby existing North American helium infrastructure.