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Helium One Global Limited ( (GB:HE1) ) has shared an update.
Helium One Global Ltd announced a delay in the start of drilling at the Galactica-Pegasus helium project in Colorado due to adverse weather conditions, with operations now expected to begin in mid-January 2025. This delay is not anticipated to impact the overall project timeline, with production still targeted to commence in the first half of 2025. Additionally, engineering work on CO2 removal and purification continues, alongside the selection of a power generation solution for the project.
More about Helium One Global Limited
Helium One Global Ltd is a leading helium exploration company, primarily focused on projects in Tanzania and the USA. The company holds prospecting licenses in Tanzania with potential to become a key player in the helium market, especially through its Rukwa and Eyasi projects. Helium One’s flagship Rukwa Project in Tanzania has shown promising results, and the company is also involved in the Galactica-Pegasus helium project in Colorado, USA.
YTD Price Performance: 284.00%
Average Trading Volume: 86,202,512
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £56.69M
For an in-depth examination of HE1 stock, go to TipRanks’ Stock Analysis page.
