The latest update is out from Helium One Global Limited ( (GB:HE1) ).
Helium One Global Limited announced its unaudited interim results for the six months ended December 31, 2024, highlighting significant developments in its projects in Tanzania and the USA. The company completed an extended well test at Itumbula West-1 in Tanzania, flowing up to 7.9% helium to the surface, and submitted a Mining License application for the Rukwa Helium Project, receiving an offer letter from the Tanzanian Mining Commission. Additionally, Helium One acquired a 50% interest in the Galactica-Pegasus project in Colorado, USA, where it commenced a six-well development drilling program. These developments diversify the company’s risk profile and provide opportunities for near-term revenue streams, supporting future investments. The company remains well-funded with a cash balance of $10.02 million as of December 31, 2024.
More about Helium One Global Limited
Helium One Global Limited is a primary helium explorer listed on the AIM segment of the London Stock Exchange and OTCQB in the United States. The company focuses on helium exploration and holds prospecting licenses in Tanzania and a 50% interest in a project in Colorado, USA. Its flagship project is the southern Rukwa Helium Project in Tanzania, which is entering an appraisal stage following successful exploration and well tests.
YTD Price Performance: 13.89%
Average Trading Volume: 43,514,458
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £60.4M
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