- Business
- Total Helium Ltd. (TSXV: TOH) explores, develops, and supplies helium and natural gas in Canada. The company holds interests in helium exploration and production assets, including the Leduc No. 1 helium pool in Alberta, which represents one of North America's largest known helium reserves; it also operates processing facilities for helium extraction and purification. Total Helium provides helium gas products for industrial, medical, and scientific applications, alongside associated natural gas production and sales.
Founded in 2022 and headquartered in Calgary, Alberta, the company focuses on the helium segment of the energy industry, targeting customers in manufacturing, aerospace, healthcare, and research sectors primarily in North America. Its operations center on Alberta's Western Canadian Sedimentary Basin, with plans for expansion into additional helium-rich regions.
In recent developments, Total Helium commenced commercial helium production at its Leduc facility in late 2024, marking a key milestone following successful well testing and infrastructure commissioning; the company secured a multi-year offtake agreement with a major industrial gas distributor in early 2025 to support output sales. Additionally, it announced a C$15 million financing round in mid-2025 to fund facility expansions and further exploration drilling, alongside a strategic partnership with a local energy firm for enhanced gas processing capabilities.