RE: Resource17 Oct 2024 08:17
An ongoing shortage of helium, with prices of the gas rising around 135% to US$0.28 per cubic foot year-on-year, has left buyers clamouring for new projects that could help ease the pinch.
The rising demand amid a tightening supply could end up being a positive for helium explorer Georgina Energy PLC, which is acquiring a licence on a project in Australia’s Northern Territory that analysts say has “significant helium potential”.
Proactive Research note: Georgina Energy
When the firm finally gets its hands on the licence it is likely to have a queue of buyers looking for any new supply of helium, as well as a long line of investors looking to take advantage of the high demand