The global specialty gases market experienced significant growth, reaching a valuation of $10.5 billion in 2022, with projections to reach $16.2 billion by 2028. Specialty gases are high-purity gases like helium which is used in various industries, including healthcare, manufacturing, and research.
https://www.benzinga.com/pressreleases/23/09/n34954554/global-specialty-gases-market-set-to-reach-16-2-billion-by-2028-key-drivers-and-trends-fuel-growth
On a day like today I’m keeping my sights set on the long term and Total Helium Ltd. (TOH.v or TTLHF for US investors) is an emerging player in this rapidly growing market.
One of TOH's significant contributions to meeting this rising helium demand is its strategic involvement in the Pinta South Helium Project, located within Arizona's Holbrook Basin. Covering an extensive 27,000 acres, the Pinta South field presents abundant opportunities for cost-effective expansion.
The project currently boasts nine operational helium wells, with ten more wells in various stages of development. The incorporation of these newly developed wells into the production network is anticipated to drive a substantial increase in helium production and corresponding revenue growth.
Initial well results have demonstrated helium concentrations between 5-8%, quite high compared to the typical concentration of 0.5%. This underscores the project's potential to significantly contribute to the growing demand for helium.
In the first quarter of the upcoming year, TOH plans to embark on phase 2 drilling at the project, adding 30 additional wells for which it has already secured permits. The project has the potential to host a total of 300 wells, each at an average cost of just $220,000 per well, making it a cost-effective and potentially lucrative venture.
Company Investors' Presentation: https://www.totalhelium.com/wp-content/uploads/2023/08/TOH-Investor-Presentation.pdf
Posted on behalf of Total Helium Ltd.