Helium is used in many industries ranging from medicine to power generation, and is a high-value commodity due to its unique qualities. Currently helium is experiencing a major supply demand imbalance as accessible helium concentrations are rare. As a result of this global helium shortage, its price has risen over the years and the demand continues to increase.
For those investors looking to get into the helium sector, Imperial Helium is a stock that was listed about a month ago and is one to check out. $IHC is holding steady today at $0.32 with a small mc of $27.36M.
Here's a quick overview of the company:
- Multiple analysts have given it a buy rating with pt's around $1.00
- Acquires low-value natural gas assets in Alberta and B.C. for their higher value helium content
- Steveville Asset is 24,635 Ha with rights for natural gas below the base of the Big Valley and Nisku formations. Its located in Alberta where there are a large amount of wells (Alberta's Natural Gas production also makes up over 2/3 of Canada's total production)
- Plans to drill the helium well later this month
- 2 strategic partners: Uniper trading Canada Ltd. (a subsidiary of Uniper SE with a 11.4B Euro market cap trading on the Frankfurt exchange) and ON2 Solutions Inc. These partners will help bring the Steveville project to commercial production
- Highly experienced management team with over 80 years of experience