Establishing a dependable domestic supply of helium The global helium market is expected to grow to $5.03B this year as global demand continues to exceed the world's current production rates.
Demand has grown rapidly in recent years due to helium's extensive range of applications, creating a significant market opportunity as the price of helium per MCF continues to increase.
In helping North America establish helium independence by providing a dependable domestic supply of helium, Total Helium (TOH.v TTLHF) has emerged as a high potential opportunity in the industry as detailed in this article: https://www.accesswire.com/766151/The-Russia-Ukraine-War-Highlighted-The-Need-For-The-US-To-Strengthen-Domestic-Supply-Of-Resources-Total-Helium-Is-Doing-Its-Bit-To-Help
As the only publicly traded helium company with wells that are currently producing helium, TOH is actively focused on its 27,000-acre Pinta South Project is located in Arizona's helium-rich Holbrook Basin.
With the potential to scale its operations significantly, expanding to up to 300 wells, TOH is on track to have 30 wells in operation by year end at the project, where helium concentrations range from 5-8%. Notably, this surpasses the average helium concentration of up to 3% and emphasising the significant potential and economic viability of the project.
TOH has partnered with Linde (LIN), the largest industrial gas company in the world with a market cap exceeding $170B, to sell its helium at USD$500/MCF. This ensures robust economics and significant growth for TOH while strengthening its prospects and ability to establish itself as a domestic supplier of helium in North America.
Being the only publicly traded producer of helium, TOH has strategically positioned itself with $12.5 million in capital to develop its project and capitalize on the increasing value of helium amid the supply shortage.
Posted on behalf of Total Helium Ltd