this post was submitted on 13 Mar 2026
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[–] tal@lemmy.today 6 points 2 hours ago

https://en.wikipedia.org/wiki/National_Helium_Reserve

The National Helium Reserve, also known as the Federal Helium Reserve, was a strategic reserve of the United States, which once held over 1 billion cubic meters (about 170,000,000 kg)[a] of helium gas.

The Bureau of Land Management (BLM) transferred the reserve to the General Services Administration (GSA) as surplus property, but a 2022 auction[10] failed to finalize a sale.[11] On June 22, 2023, the GSA announced a new auction of the facilities and remaining helium.[12] The auction of the last helium assets was due to take place in November, 2023.[13] Though the last of the Cliffside reserve was to be sold by November 2023, more natural gas was discovered at the site than was previously known, and the Bureau of Land Management extended the auction to January 25, 2024 to allow for increased bids.[14] In 2024 the remaining reserve was sold to the highest bidder, Messer Group.[15]

Arguably not the best timing on that.