VANCOUVER, BC, Dec. 7, 2021 /CNW/ - Total Helium Ltd. (the "Company") announces that it has received its second payment of USD $950,000 from a leading global industrial gases company as part of a helium gas purchase agreement.
Helium Purchase Agreement
Total Helium, through its wholly owned subsidiary Brooks Range Corporation, has entered into a helium purchase agreement. Under the agreement, the leading global industrial gases company has committed to purchase helium from Total Helium's project wells and provide two USD $950,000 payments as pre-payment for future deliveries of helium.
Both USD $950,000 payments have been received by the Company.
Total Helium is a helium exploration, production and storage solutions company which is drilling its first wells, in the months of November, December and January, at its 86,000-acre lease-holding in western Kansas where it plans to extend the largest continuous conventional natural gas and helium field in North America, the Hugoton Gas Field. The Company is working towards establishing underground helium storage solutions nearby existing North American helium infrastructure.
On behalf of the Board,
Robert B. Price, Director and CEO
Total Helium Ltd. - www.totalhelium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward- looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
SOURCE Total Helium Ltd
View original content: http://www.newswire.ca/en/releases/archive/December2021/07/c2909.html