The Global Helium Shortage: An Interview with TOH's CEO The video below, "The World is running out of Helium!" features an interview with Robert Price, the CEO of Total Helium (Ticker: TOH.v TTLHF), a US-based helium production company. In the interview, Robert discusses the global helium shortage and its impact on various industries, particularly semiconductor manufacturing. He highlights the importance of helium as a strategic element for the U.S. government, dating back to World War I.
Helium has played a crucial role in various government applications such as weather balloons and space exploration. However, with domestic helium reserves depleting, the existing government storage facilities are being phased out. This situation, coupled with the growing demand for helium, underscores the importance of ensuring a stable domestic supply.
Robert provides an update on Total Helium's plans for drilling and expanding production at their Pinta South Helium Field. TOH's strategy involves enhancing production from their current wells and launching a drilling program for additional wells. This program includes exploration in sand channel formations, offering substantial growth opportunities for the company.
Price also discusses the challenges faced by smaller helium ventures due to the low concentration of helium in some geological formations, in contrast to Total Helium's South Pinta Helium Field which hosts high helium concentrations between 5-8%.
The video concludes with Robert mentioning Total Helium's recent qualification to trade on the OTC QX Market and their plans to reach out to U.S. investors. He hints at upcoming developments, including optimizing production rates and expanding their drilling program.
Full video here:
Posted on behalf of Total Helium Ltd.