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Monday, July 12, 2021 5:04:02 PM
$WSRC
https://bit.ly/3yNx1Eq
Supply Squeeze Putting Big Tech in a Pinch
.............
And it’s all surrounding a chemical that the entire world relies upon as more and more of our world goes digital.
Without sufficient helium for these companies, it could mean no internet, no computers or cell phones, no computer chips for the latest vehicles, and no MRIs for those who desperately need them.
But today, the gas is running out with no replacement in sight. And it’s all about to get much worse in September.
For over seven decades, the US Federal Helium Reserve (FHR) has provided roughly 40% of the world’s helium supply.
The supply has been slowly dwindling for years… And in September, the Bureau of Land Management (BLM) is set to auction off the rest of the helium to the private markets.
That could send helium prices sky-high as it will lift the price ceiling that’s in place today…
This is why with helium demand now set to outpace supply until at least 2025, the race is on for junior helium producers to make new discoveries to even the score.
https://bit.ly/3yNx1Eq
$WSRC
https://westernsierraresource.com/releases/western-sierra-resource-corporation-enters-negotiations-for-acquisition-of-a-majority-stake-in-a-25000-acre-helium-production-project
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