RE: HE1: "Helium seep measured up to 10.4%"20 Feb 2024 09:42
Summary for anyone new:
There are two significant developments that have sparked the surge in Helium One’s market capitalisation. The first is the confirmation that its Itumbula West-1 well has a high concentration of helium and hydrogen gas. For an exploration business, that’s terrific news, and it brings it one step closer to reaching production.
Considering the demand for helium and hydrogen on the rise thanks to the energy, aerospace, and healthcare sectors, the company is on track to potentially becoming a world-leading supplier. If this story pans out as management expects, then the penny stock’s recent performance could be just the tip of the iceberg.
The second important bit of news is that Helium One successfully raised £4.7m by issuing new shares to investors. That’s a nice chunk of change, providing the group with the capital needed to continue developing its helium projects throughout Tanzania.
GLA 💪📈
This will boom, again, very very soon IMO 🚀