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Blue Star Helium ( (AU:BNL) ) has shared an announcement.
Blue Star Helium Limited has decided not to exercise its option to purchase assets from Wiepking-Fullerton Energy LLC in Colorado. After evaluating the opportunity, the company believes that its capital is better invested in advancing its primary project at Galactica and developing other high-potential opportunities within its existing Las Animas portfolio. This decision reflects Blue Star’s strategy to focus on value accretive opportunities that can scale and diversify its portfolio.
More about Blue Star Helium
Blue Star Helium Ltd is an independent helium exploration company focused on discovering and developing new sources of low-cost, high-grade helium in North America. Helium is a unique industrial gas used in high-tech industries such as MRI, semiconductor manufacturing, fiber optics, and space exploration.
Technical Sentiment Signal: Sell
Current Market Cap: A$21.89M
See more insights into BNL stock on TipRanks’ Stock Analysis page.