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desert-mountain-energy-from-gold-to-helium
desert-mountain-energy-from-gold-to-helium

Desert Mountain Energy: From gold to helium

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Just as striking gold can make you rich, supplying helium could be a lucrative business with the noble gas’ rising price.

At the Bureau of Land Management’s (BLM) annual action in August 2018, the average price per thousand cubic feet (Mscf) of crude helium was $279.95, a rise of 135% from the previous year’s average price of $119.

The worldwide helium shortage, pending privitisation of the BLM-operated Federal Helium Reserve, and sharply rising prices for the gas caught the eye of Desert Mountain Energy Corp., formerly named African Queen Mines Ltd., and led it to turn its attention from gold exploration to helium.

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