Modern Mining February 2022

operates in what Marani describes as an “opaque market”. “The tokens are a way to democratise the trade and price of helium, which has historically been a tightly held trade.” The move to establish a crypto-currency platform augurs well for other commodities with the expecta- tion that more miners, especially junior miners, will take up the option of trading in tokens as a means of capital raising. Renergen expects that, through trading in tokens, it will receive a price of around $250 per mcf for its helium. Interestingly though, hospitals typically pay between $1 000 and $1 300 per mcf. 

LNG cold box.

commodities specifically to procure helium from Renergen and to create a tradeable market in the commodity. While still highly debated, trading in crypto-cur- rency and tokens offers numerous advantages given that, “it is a sophisticated low-cost shortest path to establishing a new market for helium,” since helium

February 2022  MODERN MINING  19