RE: Webinar Tuesday25 Mar 2025 23:34
Extract from a 2024 SEC filing by Cyber App Solutions Corp.: "Helium is a unique element in that it is the second most abundant in the universe, the most stable, yet rare and difficult to capture and store on the Earth, found in only a few locations spanning about twenty production fields globally. Its unique qualities make it a non-renewable and limited natural resource, highly demanded in many growing industries such as medical technology, high-tech, space exploration and national defense. Specific uses for helium include: semiconductor and fiber-optics manufacturing, cooling superconducting magnets in MRI machines, leak detection, as a purge gas and pressurizing agent in spacecraft, leak detection, airbags, deep sea diving oxygen tanks, and more. Production of helium goes back to 1900s. Since that time, the industry has experienced four notable periods of shortage between 2006 and today, with helium production currently experiencing a shortage started in 2022 driven by the increased demand from growing industries and technologies and decreased production. Decreased production is partially attributable to the US government, one of the world’s largest and most dependable suppliers of helium, selling off its national helium reserve located near the Hugoton-Panhandle field that spans across Texas, Oklahoma, and Kansas and sanctions imposed on Russian exports. The demand for helium was estimated at 5.9 billion cubic feet (Bcf) for 2023 and expected to increase to about 8 Bcf by 20301. The United States has been a leading producer of helium2 and currently holds roughly 40% of the global production market share, which is expected to decrease to about 30% by year 2030. The next leading producers of helium have been Russia, Algeria and Qatar. We believe that demand for helium will continue to grow as applications in the manufacturing, medical device and aerospace industries expands. The pricing of helium is normally set through direct negotiations with either distributors or end-users and generally are not disclosed. We have opportunities to enter into long-term agreements with a fixed price which we will consider based upon alternative options available to us."
Worth noting that Cyber App Solutions Corp is the 100% owner of Proton Green, a helium production and storage company. Both these companies share office space with Pantheon Resources, and that David Hobbs is the chairman of both companies as well as of Pantheon. So hopefully some productive and profitable synergies here.
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