TOH Aims to Lead N. America's Helium Independence (w/ link) The global helium market, worth $4.4 billion in 2022, is projected to reach $6.4 billion by 2027, with a compound annual growth rate (CAGR) exceeding 6% during 2022-2027.
According to a report by Benzinga, Total Helium (Ticker: TOH.v or TTLHF for US investors) is positioning itself to emerge as a significant player in North America's helium market. The recent developments have generated increased optimism about the company's future prospects.
Today TOH closed in the green on over 3x its average volume, putting it up 25% from the beginning of the year.
TOH holds a 50% stake in the Pinta South field, located in the Holbrook Basin, Arizona, as part of a significant helium field joint venture.
The Pinta South field shows immense potential, with the first two operating wells already demonstrating helium concentrations of 8.11% and 8.22%—substantially higher than the usual concentration of 0.5%. In total, 15 wells have been drilled so far, with seven wells recently brought into production and eight others in various stages of completion and pipeline connection.
With access to a 27,000-acre field, Total Helium has ample room for expansion as drilling progresses. The project's size allows for up to 300 wells, with drilling and extraction costs pegged at just $220,000 per well.
This project holds significant importance in providing America with helium independence, especially considering disruptions to helium's international supply leading to shortages in the US.
More here: https://www.benzinga.com/markets/penny-stocks/23/07/33164297/total-helium-otcqb-ttlhf-developing-major-helium-field-and-key-partnerships-secure-it-in-thi Posted on behalf of Total Helium Ltd.