Post by
GoldenArm on Jun 15, 2021 10:10am
From "Looming shortage..." article
Casually referred to by many as “The Saudi Arabia of Helium”, the Holbrook Basin is widely considered to be the world’s best source for Helium. The market demand for this gas is high, given that its physical and chemical properties make it essential in a number of medical, scientific, and industrial applications, from MRI machines to air bags and of course, balloons.
Desert Mountain continues to work in a prime location to capitalize on helium’s rising value. DME will soon complete construction of its helium-separation plant in Navajo County, approximately within one mile of the closest well and is projected to save the Company more than $7.5 million compared with other processing options. Specialized refining techniques and its nearby location will reduce transport costs and increase the value of the produced helium, as Smith’s report stated, by providing industry with a more highly concentrated product.