Bruin Point liquid helium plant Corp., headquartered in British Columbia, Canada, is developing its helium asset in North America, covering 17,767 acres in the prolific southeast Carbon County district of Utah. Holding potentially globally significant helium reserves, Bruin Point Helium is poised to capture the opportunity offered by rising helium prices due to growing demand for helium globally being driven by new technology-based applications, and set against the limited supply of the gas on earth. Bruin Point Helium Corp.
Helium is the primary target of the firm’s exploration efforts. The price of helium has doubled in the last decade and reliable demand projections forecast further growth, making this the perfect time to establish the Company’s foothold in the market. Amid uncertainty of supply from Qatar, support for new North American helium players is expected to be strong.
The Greater Uinta Basin has potential for extraction of helium, carbon dioxide and both oil and gas. The acreage held by the Company is close to established oil production to the South West and carbon dioxide production to the west. An exploration well within the Bruin Point acerage and another well less than a mile from the acreage boundary both contained Helium Recovery dealers.