Tackling Helium Shortages: TOH Leads Underground Storage Helium is a critical element as it is used in healthcare, electronics, welding and aerospace industries. Yet, with the rise of the hydrogen economy and the closure of the only functioning underground helium storage facility in the US, the world is facing major helium shortages.
Total Helium (Ticker: TOH.v or TTLHF for US investors) is set to tackle these obstacles by spearheading the advancement and management of subterranean storage solutions for both helium and hydrogen. Teaming up with a multinational industrial gas company, TOH intends to establish an underground helium storage facility that will rival the successor of the U.S. Federal Helium Reserve. With a 50% ownership stake, TOH will also assume operational responsibilities.
In addition to their storage initiatives, TOH also conducts helium exploration and production.
TOH.v controls the expansive Hugoton field in Kansas, which has historically been the epicenter of helium production in the United States with over 300 billion cubic feet of helium and 75 trillion cubic feet of methane.
The company has also secured an ownership interest in the esteemed Pinta South project, an abundant natural gas field containing substantial helium reserves. Presently, TOH possesses a 20% stake in two operational wells and a 50% stake in eight additional existing wells.
The Pinta South project holds significant value due to its helium concentrations ranging from 5% to 8%. The shallow-producing formation of the project offers advantageous conditions for cost-efficient drilling and completion procedures.
Learn more about TOH here: https://www.totalhelium.com/ Posted on behalf of Total Helium Ltd.