Helium One Global Limited (GB:HE1) has released an update.
Helium One Global Ltd has announced a strategic partnership to acquire a 50% interest in Blue Star Helium’s Galactica-Pegasus project in Colorado, alongside a £6.43 million fundraise to facilitate the acquisition and development of confirmed discovery wells. The acquisition aligns with the company’s strategy to diversify its helium resources, with initial development slated for Q4 2024 and production expected in H1 2025. This move aims to secure near-term cash flow and grow the company’s global footprint in the helium sector.
For further insights into GB:HE1 stock, check out TipRanks’ Stock Analysis page.
