- A growing portfolio of helium projects with the acquisition of Plateau Helium Corporation currently comprisin 69 leases covering 16,371 acres known as the Syracuse Helium Project, over 15,000 acres in Syracuse Extension, and 1,720 acres in the Monarch property.
- The Syracuse Extension Kansas Project located in western Kansas is in proximity to historical wells that tested helium rich natural gas, but were never put into production, because of low helium and natural gas prices at that time. To-date, over 10,000 acres have been leased in areas with over 24 wells that were previously drilled, flowed gas that tested helium in excess of 2%, and then plugged
- The Syracuse Extension Colorado Project located in Cheyenne County, Colorado, comprises 5,607 acres of gas leases, with a total of 26 historical wells that were previously drilled, flowed gas that tested helium in excess of 2% and then plugged.
- Flagship copper property in mining-friendly jurisdiction of Mexico with a copper resource of 59.4 million pounds and supported by existing infrastructure and available workforce
- Acquired Monarch Lease, a 1,720-acre helium property that is located in the Byerly Field in Greely County, Kansas
- Engaged Foreland Operating to manage the day-to-day helium operations moving forward.
- Successfully completed and connected its first helium well known as the Levens #2 in the Syracuse Project. The company confirmed the presence of helium up to 1.14 percent.
- Installed fourteen miles of internal gathering system pipeline to transport helium and natural gas wells to a nearby processing facility.
- Strategic investment in Proton Green as part of its carbon capture venture. Proton Green’s focus project, the St. John’s Field, contains 33 billion cubic feet of helium and the ability to inject up to 22 million metric tons of CO2 per year at its primary basin
- Traded on both the OTCQB under the symbol “VVCVF” and the TSX Venture Exchange under the symbol “VVC.V”
The global helium market is expected to increase from US$4,144.85 million in 2021 to US$4,454.23 million in 2022 driven by the growing demand for helium from the healthcare industry. Helium is important in medicine because this rare element is used in various ways, one of which as a refrigerant capable of cooling the superconducting magnets in MRI scanners. This nonreactive, noncorrosive, nonflammable noble gas is not only used in diagnosis equipment but also as an adjunct therapy for certain diseases like COPD, bronchiolitis, asthma and bronchiolitis.
Although helium is the second most common element on earth, global helium supplies are running low. Resource companies that supply the industries dependent on helium should explore potential helium reserves and evaluate data to come up with a unique strategy for increasing helium production.
VC Exploration Corporation, dba VVC Resources (TSXV:VVC; OTCQB:VVCVF) engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Copper & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies.
VVC currently targets helium reserves in the US by reactivating old gas wells and drilling new wells. In January 2022, the Company engaged Foreland Operating to manage the day-to-day helium operations going forward. And in March 2022, VVC announced the successful completion and connection of its first helium well in the Syracuse Project. The well, known as the Levens #2, was connected to Tumbleweed Midstream’s Ladder Creek Pipeline, which transports gas to the Ladder Creek Helium Processing Plant in Cheyenne Wells, Colorado. VVC further confirmed the presence of helium up to 1.14 percent from its second drilled well in the Syracuse Project.