Helium shortages remain a growing concern Worldwide helium shortages remain a growing concern as helium demand continues to rise, leading to a lucrative market projected to reach $5.03 billion this year. This situation presents a remarkable opportunity for new sources of helium to enter the market and meet the increasing demand.
Rapidly scaling producer, Total Helium (TOH.v TTLHF), is emerging as a leader in the helium market, driven by its commitment to establishing helium independence in North America.
What sets TOH apart from competitors is its Pinta South Project, a stand out in the industry based on its helium concentrations ranging from 5-8%, surpassing the average helium concentration of up to 3%.
Further bolstered by the vast opportunity presented by the helium shortage, the project spans 27,000 acres in the helium-rich Holbrook Basin of Arizona and is set to operate 30 wells by the end of the year, ultimately expanding to over 300 operating wells.
So far, TOH has made significant strides at Pinta South, successfully connecting over 15 wells with more coming online every few weeks.
A crucial factor boosting the projects economic viability is TOH's partnership with Linde, the largest industrial gas company in the world. This partnerhsip ensures a swift payback period ranging from a few weeks to a maximum of three months with ths sale of sale of Pinta South's helium for USD$500/MCF.
For more information, check out TOH's CEO Robert B Price on Global One Media: https://www.youtube.com/watch?v=d3ilu7j_cNQ&ab_channel=StocksToWatch%E2%80%94GlobalOneMedia
Posted on behalf of Total Helium Ltd