Total Helium Ltd. announced on Monday that it has received conditional approval to list its common shares and purchase warrants on the TSX Venture Exchange. The company is expected to start trading its securities on the exchange on November 11, 2021.
The firm has only recently changed its name from Wintertide Ventures in September 2021, which itself is formerly known as Santa Fe Metals. According to its website, the company seems to be focused now on helium exploration, production, and storage.
“Total Helium, through its partnerships with a multinational industrial gas company, is working to establish underground helium storage solutions in North America to compete with the upcoming successor of Federal Helium Reserve,” said the company’s website.
According to its recent filings, the company posted $150,251 in net income and $4,688 in total asset value for its fiscal Q1 2021 ended June 30, 2021. For the fiscal year ended March 31, 2021, the company reported $241,474 in net income and $2,270 in total assets.
The firm plans to trade under the symbols “TOH” and “TOH.WT” for its shares and warrants, respectively.
The British Columbia-based company has relayed that it is currently “drilling the first wells at its [approximately] 86,000-acre leasehold in western Kansas”. It also plans to extend the Hugoton Gas Field in the state, which the company said is “the largest continuous conventional natural gas and helium field in North America”.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.