TOH.v: Meeting Demand & Securing the Future of Helium Supply With a market worth $4.4 billion in 2022 and projected to reach $6.4 billion by 2027, the demand for helium continues to rise, driven by technological advancements in sectors such as semiconductors, fiber optics, aeronautics, and medical devices. Hospitals, utilizing 32% of the global market's helium in 2021, are the largest end-users.
The current "Helium shortage 4.0" crisis emerged in early 2022 due to a combination of long-term pandemic supply chain failures, the Russian-Ukrainian war, and disruptions in facilities located in Russia and Qatar. The resulting scarcity caused helium prices to nearly double since 2021, leading major providers to ration supplies and hindering scientific research at esteemed institutions like Harvard.
Total Helium Ltd. (Ticker: TOH.v OTCQB:TTLHF) is stepping up efforts to prevent a global helium crisis.. is an exploration, production, and storage company committed to securing helium supply and reestablishing the United States as a key player in the global market. By building strong industry relationships and establishing helium-producing sites across various natural gas reservoirs, TOH is positioning itself as a leading supplier in North America.
To reinforce its position, TOH recently acquired 50% ownership of Pinta South, a helium-rich project spanning 27,000 acres in Holbrook Basin, Arizona. With plans to have 20 wells operational by the second quarter of 2023 and a future scale-up to over 150 wells, Total Helium's project boasts a helium concentration ranging from 5% to 8%, significantly higher than the industry average of 0.5% to 3%.
Total Helium's commitment to a comprehensive supply chain solution led to the announcement of a joint venture aimed at establishing a sophisticated salt cavern helium storage facility. This strategic move positions TOH as a vertically integrated company, encompassing production and storage capabilities. The significance of this storage site is further highlighted by the U.S. Federal Helium Reserve's decision to exit the helium business, reinforcing TOH's role in ensuring a stable helium supply.
With helium's importance transcending various industries and the current shortage threatening global availability, TOH emerges as a crucial player in meeting the demand and securing the future of helium supply. Through strategic acquisitions, extensive production plans, and a focus on vertical integration, TOH aims to safeguard industries and reestablish the United States as a prominent contributor to the global helium market.
More info here: https://www.stocktitan.net/news/TTLHF/the-world-s-supplies-of-the-non-renewable-resource-helium-are-chj6pn4pl7l9.html Posted on behalf of Total Helium Ltd.