Blue Star Helium Limited (ASX:BNL)
Blue Star Helium Ltd (ASX:BNL) is an independent helium exploration and production company based in Australia with operations and exploration in North America. Blue Stars strategy is to provide its shareholders with exposure to multiple low-cost, high-grade helium projects in North America.
The properties of helium (lowest boiling point, small atomic size and weight, unreactive nature and high thermal conductivity) mean that it is irreplaceable in many applications.
Helium is unique in that it has characteristics both of a bulk, commodity gas and of a high value specialty gas. It is considered a high tech strategic element.
Due to its unique chemical and physical qualities, Helium is a vital element in the manufacture of MRIs and semiconductors and is critical for fibre optic cable manufacturing, hard disc manufacture and cooling, space exploration, rocketry, lifting and high-level science.
Helium cannot be manufactured artificially with most of the worlds reserves derived as a by-product of the extraction of natural hydrocarbon gas.