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Mining, Minerals & Metals plc ( (GB:GEX) ) just unveiled an announcement.
Georgina Energy plc has received formal confirmation that Harlequin Energy Ltd will fund the drilling and development of the Hussar EP513 prospect in Western Australia under a non-dilutive structured offtake financing arrangement, including full funding of the Hussar‑2 exploration well, related site infrastructure and a USD$25 million offtake facility. Harlequin has engaged Schlumberger Oilfield UK Limited to work alongside Georgina’s consultant Aztech Well Construction on planning and executing a roughly 50‑day drilling programme scheduled through 2026, while Georgina reports a 30% uplift in its revised prospective recoverable resources at Hussar to 283 BCF of helium, 315 BCF of hydrogen and 2.9 TCF of hydrocarbons, strengthening its ambitions—together with Mt Winter and recent asset acquisitions—to emerge as a significant player in helium, hydrogen and natural gas extraction without diluting existing shareholders.
The most recent analyst rating on (GB:GEX) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Mining, Minerals & Metals plc stock, see the GB:GEX Stock Forecast page.
Spark’s Take on GB:GEX Stock
According to Spark, TipRanks’ AI Analyst, GB:GEX is a Neutral.
The score is held down primarily by very weak financial performance (no revenue, widening losses, accelerating cash burn, and negative equity) and bearish technicals (price below key moving averages with negative momentum). Positive corporate events around approvals, offtake arrangements, and financing provide some offset, but not enough to overcome the current financial and trend risks.
To see Spark’s full report on GB:GEX stock, click here.
More about Mining, Minerals & Metals plc
Georgina Energy plc is an energy exploration and development company focused on becoming a leading global producer of helium and hydrogen, alongside natural gas. Through its wholly owned Australian subsidiary Westmarket O&G, it holds 100% working interests in the onshore Hussar prospect in Western Australia (EP513) and, subject to completion of a sale agreement, the Mt Winter prospect (EPA155) in the Northern Territory, positioning the company to benefit from growing supply-demand gaps in helium and hydrogen markets.
Average Trading Volume: 1,688,414
Technical Sentiment Signal: Sell
Current Market Cap: £3.32M
For a thorough assessment of GEX stock, go to TipRanks’ Stock Analysis page.