TOH.v's Helium Shortage Solution The demand for helium is steadily increasing, with a market worth of $4.4 billion in 2022 and projected to reach $6.4 billion by 2027. This demand is driven by advancements in sectors such as semiconductors, fiber optics, aeronautics, and medical devices. Hospitals, being the largest end-users, accounted for 32% of the global helium market in 2021.
The "Helium shortage 4.0" crisis emerged in early 2022 due to various factors, including pandemic-related supply chain failures, the Russian-Ukrainian war, and disruptions in facilities in Russia and Qatar. As a result, helium prices have grown significantly since 2021, leading to supply rationing and hindering scientific research.
Total Helium (TSXV: TOH) is partnering with a multinational industrial gas company to establish an underground helium storage facility that will rival the U.S. Federal Helium Reserve. TOH will hold a 50% ownership stake in the facility and handle its operations. Additionally, TOH is actively involved in helium exploration and production, controlling the Hugoton field in Kansas, a historically significant hub of helium production in the United States.
Through a joint venture, TOH also has stakes in the Pinta South project, a valuable source of natural gas abundant in helium. TOH holds a 20% interest in two productive wells and a 50% interest in eight additional pre-existing wells. The Pinta South project benefits from helium concentrations ranging from 5% to 8% and a shallow-producing formation that enables cost-effective drilling and completion operations.
Given helium's significance across industries and the current shortage, TOH hopes to meet this demand through strategic acquisitions, extensive production plans, and a focus on vertical integration. TOH aims to safeguard industries which need helium and restore the United States' prominence in the global helium market.
For more info on TOH and the helium shortage, check out: https://www.accesswire.com/756632/The-Worlds-Supplies-Of-The-Non-Renewable-Resource-Helium-Are-Running-Out--Total-Helium-OTCQB-TTLHF-Says-It-Has-The-Solution Posted on behalf of Total Helium Ltd.