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Total Helium Ltd. (TTLHF) specializes in the exploration, production, and storage of helium, aiming to establish itself as a leading domestic supplier of helium in North America. The company recently signed a joint venture for 50% ownership of the Pinta South helium field in Arizona, with plans to expand to 18 wells by the second quarter of 2023. With high helium concentrations of 5-8%, Total Helium is strategically positioned to be a key player in the helium market. Through partnerships with industry leaders like Linde plc, Total Helium is working towards creating a stable domestic supply chain for helium.
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Total Helium aims to establish helium independence in North America by providing a domestic supply of helium. Recent disruptions in Russian and Qatari helium exports have emphasized the need for a reliable domestic supply. Helium is crucial in various industries, including semiconductor manufacturing, welding, rockets, national defense, and medical devices. Total Helium's joint venture project in the Pinta South helium field in Arizona has the potential to expand operations to over 300 wells, with world-class helium concentrations of 5-8%. The company has a partnership with Linde PLC to sell helium at $500/mcf. Total Helium aims to keep the cost of each well at $220,000.
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Total Helium Ltd. is working to keep America and the world from running out of helium. The global suppliers of helium are primarily the USA, Russia, Qatar, and Algeria. The market for helium is forecasted to grow to $6.4 billion by 2027. Total Helium is positioning itself to be a top supplier of helium in North America and has acquired a helium field in Arizona and plans to establish a salt cavern helium storage facility.
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Total Helium Ltd. (OTC:TTLHF) has completed the acquisition of a joint venture agreement for a helium field in the Holbrook Basin, Arizona. The agreement gives Total Helium a 20% interest in two currently producing wells and a 50% interest in eight additional existing wells. The purchase price is $12 million, with $8 million paid in cash and just under 11 million common shares provided. Total Helium plans to have 20 operational wells by the end of the first half of 2023.
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FAQ
What is the current stock price of Total Helium (TTLHF)?
The current stock price of Total Helium (TTLHF) is $0.0103 as of February 28, 2025.
What is the market cap of Total Helium (TTLHF)?
The market cap of Total Helium (TTLHF) is approximately 4.3M.
What does Total Helium Ltd. specialize in?
Total Helium Ltd. specializes in the exploration, production, and storage of helium, with a focus on establishing itself as a leading domestic supplier of helium in North America.
What recent joint venture did Total Helium sign?
Total Helium recently signed a joint venture for 50% ownership of the Pinta South helium field in the Holbrook Basin, Arizona.
What are the helium concentrations at the Pinta South field?
The helium-rich Pinta South field has high helium concentrations ranging from 5-8%, making it a valuable asset for Total Helium's operations.
Who are some of the industry partners of Total Helium?
Total Helium has established partnerships with industry leaders like Linde plc, contributing to the company's efforts to create a stable domestic supply chain for helium.
What is Total Helium's strategy for growth in the helium market?
Total Helium aims to expand its footprint by increasing the number of wells and exploring emerging helium plays to position itself as a key domestic provider of this essential natural resource.
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