RE: Zak Mir select HE1 as no. 1 for 20214 Jan 2021 12:23
Another tip..
“Helium One (AIM:HE1), which listed on 4 December, is seeking to establish itself as a major new player in the international helium market by realising the promise of a set of highly prospective exploration licences in Tanzania.
Helium’s ghostly qualities make it essential for a wide range of technologies. It is light, colourless, odourless, very cold, and inert – one of the ‘noble’ gases that does not react with other substances. Though best known for its use in airships and as a breathing gas for deep sea divers, helium is a critical element in a wide range of cryogenic, scientific and manufacturing processes. Its low boiling point makes it ideal for cooling superconducting magnets used in the magnetic resonance imaging (MRI) machines widely deployed in modern medical diagnosis, a booming market that has grown at an annual compound rate of more than 3pc over the past decade. It facilitates the low temperatures necessary for research in fields like particle physics and space flight, and the inert, sterile, super-clean conditions required for the manufacture of semiconductors and optic fibres.
These and other specialist applications ensure that helium ranks high in the world’s critical minerals lists, generating a global market estimated to be worth more than $6bn a year. But as with so many of the world’s other critical materials – lithium, cobalt, vanadium – the supply of helium depends on a few core suppliers. The gradual rundown of US reserves – originally accumulated for its military airships – leaves the world dependent on a cluster of plants concentrated in Qatar and Algeria.
The £6m Helium One raised at its IPO will allow the company to pursue a 2021 seismic acquisition and drilling programme at its flagship Rukwa Project, the largest known primary helium resource in the world, with the potential to supply the equivalent of 10 years’ global demand. An independent analysis published last October by SRK Consulting Ltd estimated that the 3,590 km2 field contains an un-risked prospective Helium P50 resource of 138 billion cubic feet (bcf), with potential outcomes ranging from 30 bcf to 521 bcf. Exceptionally high helium concentrations of up to 10.2pc have been recorded in the field’s surface seeps (the helium grade associated with hydrocarbon byproduct production is typically around 0.1 to 0.3pc).
Interest in Helium One’s prospects – the only AIM-listed company focused on helium – is reflected in strong rise in its share price since listing, which has risen in the past few weeks from an IPO price of 4.25p to more than 7p.”
https://total-market-solutions.com/2021/01/12-companies-to-follow-in-2021/
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