Business
Total Helium Announces Joint Venture for Large Scale Helium Production in Arizona
Total Helium Announces Joint Venture for Large Scale Helium Production in Arizona Canad...
About this update from Altura Energy Corp
[{"type":"text","content":"\n \n \n \n Total Helium Announces Joint Venture for Large Scale Helium Production in Arizona\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 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 20, 2023\n \n \n /CNW/ -\n \n Total Helium Ltd.\n \n (TSXV: TOH), (OTCQB: TTLHF) (\"\n \n Total Helium\n \n \" or the \"\n \n Company\n \n \") announces that it has entered into a definitive purchase and sale agreement (the \"\n \n Purchase Agreement\n \n \") for a joint venture in the Pinta South Helium Project in Arizona.  The Purchase Agreement, dated effective\n \n January 17, 2023\n \n , entered into between Brooks Range Corporation, a wholly-owned subsidiary of the Company, Pinta South Operating Company, LLC, Butler Minerals I, LLC and Mid America Exploration LLC (collectively, the \"\n \n Vendors\n \n \"), provides for the acquisition (the \"\n \n Transaction\n \n \") of an interest in existing helium production as well as a working interest in a large-scale helium exploration and production program in the\n \n Holbrook\n \n Basin (the \"\n \n Pinta South Project\n \n \").\n \n \n \n \"Total Helium is thrilled to announce this joint venture. This JV is a great complement to Total Helium's strategy of acquiring producing assets as we build upon our existing relationship with our industrial gas partner.  I have the utmost respect for our joint venture partners, Butler Minerals and Mid America Exploration, who are proven helium finders and producers. It is my belief that this joint venture will create significant value for our shareholders for many years to come,\"\n \n commented\n \n Robert B. Price\n \n , Chief Executive Officer of the Company.\n \n \n \n Acquisition of Existing Production and Other Highlights\n \n \n \n The Pinta South Project encompasses 27,192 acres with over 150 potential drill sites in the\n \n Holbrook\n ...