The global helium sector is experiencing significant growth and increasing importance due to its essential role in various industries, medical applications, and technological advancements. As the demand for helium continues to rise, companies like Total Helium (Ticker: TOH.v or TTLHF for US investors) are positioning themselves to lead the way in North America's helium independence.
As explained in the article below, TOH is developing a major helium field and key partnerships to secure its place in the $4.4B Helium industry.
https://www.accesswire.com/766873/Total-Helium-OTCQBTTLHF-Developing-Major-Helium-Field-And-Key-Partnerships-Secure-It-In-This-4-Billion-Industry
TOH holds a 50% stake in the Pinta South field, part of a significant helium field in Arizona's Holbrook Basin. The company has drilled 15 wells in the Pinta South field so far, with the first two wells demonstrating a helium concentration of 8.11% and 8.22%, significantly higher than the average concentration of 0.5%.
Five additional wells have recently been put into production, while the remaining eight are at different stages of completion and pipeline connection.
The project's size and affordability offer room for expansion as drilling progresses, with access to a 27,000-acre field and the potential for 300 wells at a cost of $220,000 per well. The field's composition and easily accessible terrain make it favourable for helium extraction.
TOH has also secured a partnership with Linde PLC to fund pipeline extension and purchase helium from the project's initial 10 wells.
By establishing itself as a major player in the North American helium market, Total Helium aims to address helium supply disruptions and support helium independence in the United States.
TOH website: https://www.totalhelium.com/ Posted on behalf of Total Helium Ltd.