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Bruin Point Provides Update on the Rapidly-Growing Helium Market
Bruin Point Provides Update on the Rapidly-Growing Helium Market Canada NewsWire ...
About this update from Auscan Resources Inc.
[{"type":"text","content":"\n\n\n\n\nBruin Point Provides Update on the Rapidly-Growing Helium Market\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\nCanada NewsWire\nVANCOUVER, Dec. 18, 2017\n\n\n\nVANCOUVER, Dec. 18, 2017 /CNW/ - Bruin Point Helium Corp. (the \"Company\" or \"Bruin Point\") (TSX Venture: BPX), Mr. Frank Jacobs, CEO is pleased to provide an overview of the helium industry as well as forecast targets made by industry analysts and experts. Our goal here is to offer a compilation of third-party information for shareholders and potential shareholders. \n\nThe price of helium has doubled over the past decade1 and experts predict demand for the gas will continue to grow. According to research firm, Technavio, the helium market is expected to see a compound growth rate of circa 9% for the next 3 three years2. And market dynamics signal further potential upswings in the price of the gas.\n\nHelium quickly escapes the earth's atmosphere, meaning recovery is only viable from underground deposits. Often a by-product of natural gas extraction, economically viable helium concentrations may begin at 0.5%.\n\nHelium's boiling and melting points are the lowest of any element, meaning it only exists as a gas on earth except in the most extreme cold conditions. This makes helium unique and increasingly important for cooling applications such as in nuclear reactors, semiconductors, lasers, light bulbs, superconductivity, instrumentation, and cryogenics. \n\nHealthcare applications make up the largest share of helium consumption today, with MRI machines alone accounting for over 20% of total helium demand. MRI machines continue to become more commonplace in hospitals throughout the world, providing a clear opportunity for the commodity and a stable outlook for the helium market.\n\nMore recently, new applications have emerged that elevate helium market forecasts even higher. Innovative aerospace projects, such as Lockheed Martin's hybrid airships that offer a more efficient and effective way of transporting freight to and from remote areas, and Google's Project Loon, which aims...