There is a global helium shortage right now. It was triggered by missile attacks in early March 2026 on Qatar’s Ras Laffan Industrial City, which is the world’s largest helium production hub.
For the last 4 years it seems to lose on average €3M. So its lost more than €12M and seems in capable of actually making a profit and it is looking likely by the end of the month it will be also reporting another average €3M loss.
Someone got to realise this is not a business and cannot be a going concern without placings. The last fundraise cash will soon be gone and they could be back for more cash and more shares to sell raising less and less and issuing more and more shares. The share price has to fall further.
Looks like the listing will be cancelled and it goes private and a play thing of Fide or one of the Rich shareholders. Companies that are unprofitable year after year usually delist and I think this will happen soon. The share price will be so low its going to be hard to raise any cash.
Lithium prices have experienced a significant rebound in early 2026, gaining roughly 40% year-to-date. As of 15 April 2026, benchmark prices for lithium carbonate in China rose to 166,000 CNY per tonne.