The CHIPS Act and the Importance of Domestic Helium Supply Total Helium (Ticker: TOH.v or TTLHF for US investors) is working to bring a stable domestic supply of helium to North America to support the advancement of high-tech and space exploration industries. Robert Price, Chief Executive Officer of TOH recently went did an interview with Global One Media where he talked about the growing helium sector and TOH's helium endeavours in Eastern Arizona.
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Helium is critical and irreplaceable, used in various industries like the semiconductor industry for etching chips, the space program for launches, MRI machines for cooling magnets, and nuclear reactors for cooling purposes. There is a significant need for helium in the space industry and other advanced technologies.
As Robert explains in the video, the demand for helium is increasing while the world's supply is running out. Robert's interest in the helium industry stems from his background in manufacturing and oil and gas exploration. The investment thesis for TOH was clear – acquire existing producing helium assets with low-risk drilling and great upside potential.
TOH has a joint helium venture in Eastern Arizona. It is located in an area of the state which is referred to as the "Saudi Arabia of helium" due to its high concentrations of helium (5-8% in the gas stream).
TOH started at the project with two wells and now has expanded to 15 wells, with 7 currently producing and generating revenue and 8 in various phases of being hooked up to the project's pipeline.
Robert highlights how the United States Congress recently passed the CHIPS Act to help onshore semiconductor manufacturing which emphasizes the critical importance of having a domestic supply of helium for national security and the economy.
With the increasing demand and potential for selling helium to the spot market, Total Helium foresees significant revenue generation and upside potential for shareholders.
Company Website: https://www.totalhelium.com/ Posted on behalf of Total Helium Ltd.