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Total Helium Ltd V.TOH

Alternate Symbol(s):  TTLHF | V.TOH.WT | V.TOH.WT.A

Total Helium Ltd. is a Canada-based company. The Company’s principal business activity is helium exploration, production and storage solutions. The Company’s main footprint includes helium-producing assets in the prolific Holbrook Basin of Arizona, where its wells produce 5-8% helium concentrations. The Company has a 50% venture interest in the Pinta South Helium Project in Arizona. The Company holds an interest in existing helium production as well as a working interest in a large-scale helium exploration and production program in the Holbrook Basin (the Pinta South Project). It owns a 20% interest in two producing wells and a 50% interest in eight additional existing wells. It supplies American high-tech industries with high-grade green helium. Its subsidiaries include 1313119 B.C. Ltd., 1319454 B.C. Ltd., and Brooks Range Corporation.


TSXV:TOH - Post by User

Post by divime1on Dec 07, 2021 9:59am
383 Views
Post# 34205855

Total Helium receives $950K (U.S.) payment

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.

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