Business
TOTAL HELIUM ANNOUNCES JOINT VENTURE FOR A HELIUM STORAGE CAVERN WITH WATER RIGHTS SECURED
TOTAL HELIUM ANNOUNCES JOINT VENTURE FOR A HELIUM STORAGE CAVERN WITH WATER RIGHTS SECURE...
About this update from Altura Energy Corp
[{"type":"text","content":"\n \n \n \n TOTAL HELIUM ANNOUNCES JOINT VENTURE FOR A HELIUM STORAGE CAVERN WITH WATER RIGHTS SECURED\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 11, 2022\n \n \n /CNW/ -\n \n Total Helium Ltd.\n \n (TSXV: TOH) (OTCQB: TTLHF) (\"Total Helium\" or the \"Company\") announces the significant advancement of a joint venture with its industrial gas partner for establishing a salt cavern helium storage facility near existing North American helium infrastructure.\n \n \n Historically, the world's only existing viable long-term storage facility for helium has been the Federal Helium Reserve in\n \n Amarillo, Texas\n \n . The facility continues to be managed by the US government with uncertainty over its future continuing.\n \n \n Total Helium has been working on establishing helium storage solutions for solving the industry need for reliable long-term helium supply security. Helium's remarkable physical and chemical characteristics make it irreplaceable for high-tech applications such as computer chip manufacturing and rocket pressurization. These same remarkable qualities also make it a unique challenge to reliably store helium long term.\n \n \n Total Helium is planning the construction of a salt storage cavern which will bring long term helium storage and supply security to the industry.\n \n \n \n Helium Storage Salt Cavern\n \n \n \n Total Helium has advanced geological and engineering studies and has secured the water rights for the construction of its storage facility in western\n \n Kansas\n \n . The storage facility is being built in collaboration with Total Helium's major industrial gas partner. Total Helium is now in the permitting process required for creation of the facility.\n \n \n The first facility, upon being operational, will have the capacity to hold 400 MMcf of helium and it will be jointly owned by Total Helium and its industrial gas partner in a 50-50% ownership split.\n \n \n Total Helium's storage facility is strategically positioned near one of the world's largest h...