RE: Tip31 Dec 2024 14:42
Helix Exploration, the helium exploration and development company focused on helium deposits within the Montana Helium Fairway, is pleased to announce that it has entered into a Letter of Intent ("LOI") and made a $100,000 downpayment for the acquisition of a helium Pressure Swing Adsorption ("PSA") processing plant. This acquisition marks an important step in the Company's journey to becoming a significant helium producer in Montana.
"We are delighted to announce the acquisition of a proven helium processing plant, a game-changing development for Helix Exploration. Securing this plant at a fraction of the cost of a new facility represents both a strategic and financial success for the Company. With the plant's demonstrated ability to produce high grade helium and its rapid deployment potential, we can achieve production both faster and more cost effectively than fabricating a new facility from scratch. This acquisition underscores our commitment to delivering shareholder value by fast-tracking our Rudyard Project into production while maintaining financial discipline"