A Strategic Path to Dominance in the $4B Helium Industry Total Helium (TOH.v) is making significant strides to secure its position in the rapidly growing $4 billion helium industry. With the increasing demand for helium in various industries, medical applications, and technological advancements, TOH is strategically positioning itself to lead North America's helium independence.
The company's 50% stake in the Pinta South field, located in Arizona's Holbrook Basin, is a key component of its development plans. TOH has already drilled 15 wells in this field, with initial results showing helium concentrations of 8.11% and 8.22%—significantly higher than the average concentration of 0.5%. Five additional wells are currently in production, while the remaining eight are progressing towards completion and pipeline connection.
The Pinta South field, spanning 27,000 acres, offers ample opportunities for expansion at an affordable cost. With a potential for 300 wells at $220,000 per well, TOH's drilling progress and the field's composition make it an ideal site for efficient helium extraction.
TOH has also forged a partnership with Linde PLC, a significant collaboration that involves pipeline extension funding and the purchase of helium from the project's initial 10 wells.
These strategic partnerships contribute to TOH's objective of establishing itself as a major player in the North American helium market, addressing supply disruptions, and supporting helium independence in the United States.
More info here: https://www.accesswire.com/766873/Total-Helium-OTCQBTTLHF-Developing-Major-Helium-Field-And-Key-Partnerships-Secure-It-In-This-4-Billion-Industry Posted on behalf of Total Helium Ltd.