HELIUM

SUPPLY

USA remains largest helium supplier, but the Bureau of Land Management (BLM) that represents approximately 20% of the world-wide supply will disappear from the market by 2021 due to natural depletion and as mandated by the US Helium Stewardship Act of 2013.

Helium demand is forecasted to grow at a compounded annual growth rate of 3 to 9%.

 

Thor's helium projects are all located in North America, unlike the other supplies in the Middle East or Africa.  Furthermore, Thor's helium supply is not associated with any Oil & Gas production, making it "Green" and independent of the ups and downs of the Oil & Gas industry.  Thor's goal is to replace the approximately 20% of the missing BLM production by 2021 with helium from southern Alberta and the surrounding area.

HELIUM

DEMAND

HELIUM

USES

The approximate global use of 6.8 Bcf per year of helium with a value of US$1.5 billion annually is spent in many industries as seen in the chart, with nearly 1/3 of all helium being used for Cryogenics purposes like Magnetic Resonance Imaging (MRI's).  Thor's goal is to provide a North American stable helium supply of no less than 0.25 Bcf per year (or approximately 3% of the world's helium supply).