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The latest announcement is out from Helium One Global Limited ( (GB:HE1) ).
Helium One Global Ltd and its partner Blue Star Helium have announced adjustments to their Galactica-Pegasus project in Colorado due to challenging winter weather conditions. Road-gravelling is underway to maintain access, and rig mobilization has been postponed to early February 2025. The project, which includes multiple wells, is part of Helium One’s broader strategy to address the helium supply constraints amid ongoing work on the Pinon Canyon processing plant. This development highlights Helium One’s commitment to advancing its helium exploration and production capabilities, potentially impacting its market positioning and stakeholders.
More about Helium One Global Limited
Helium One Global Ltd is an AIM-listed company focused on helium exploration in Tanzania and the USA. The company holds prospecting licenses in Tanzania’s Rukwa and Eyasi projects, with helium concentrations reaching up to 10.4%. Its flagship project, the Rukwa Project, is in the southern Rukwa Rift Basin. It has recently entered the appraisal stage after successful helium discovery at Itumbula West-1. Helium One also has a 50% interest in the Galactica-Pegasus project in Colorado, USA, operated by Blue Star Helium Ltd.
YTD Price Performance: -4.22%
Average Trading Volume: 51,290,435
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £52.4M
For a thorough assessment of HE1 stock, go to TipRanks’ Stock Analysis page.
