"Supporting Helium's Soaring Demand"
As global demand continues to exceed the world's current production rates, the global helium market is expected to grow to $5.03B this year creating a significant market opportunity as the price of helium per MCF continues to increase.
One company that has emerged as a high potential opportunity in the industry is Total Helium (TOH.v TTLHF). In helping North America establish helium independence by providing a dependable domestic supply of helium, TOH is the only publicly traded helium company with wells that are currently producing helium at its Pinta South Project.
Located in Arizona's helium-rich Holbrook Basin, TOH is actively focused on its 27,000-acre Project and is on track to have 30 wells in operation by year end at the project.
With the potential to scale its operations significantly, expanding to up to 300 wells, the project has helium concentrations ranging 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.
Posted on behalf of Total Helium Ltd