Helium One Global Advances Southern Rukwa Helium Project with Independent CPR

Helium One Global Limited ( (GB:HE1) ) has shared an announcement.

Helium One Global Ltd has announced the completion of an independent Competent Person’s Report (CPR) for its Southern Rukwa Helium Project in Tanzania, confirming significant helium resources within the newly accepted 480km² Mining Licence area. The report, conducted by Sproule ERCE, aligns with the company’s internal estimates and supports the feasibility study for the project. This development positions Helium One as a strategic player in the helium market, with plans for a phased development involving an Early Production System and a Central Processing Facility. The project is expected to enhance helium supply in a constrained market, with further collaboration anticipated with the Tanzanian government and local communities.

Spark’s Take on GB:HE1 Stock

According to Spark, TipRanks’ AI Analyst, GB:HE1 is a Underperform.

Helium One Global’s weak financial performance, characterized by continuous losses and lack of revenue, significantly impacts its stock score. While promising corporate developments offer potential future growth, the current financial instability and negative valuation metrics weigh heavily. Mixed technical indicators add further caution to the outlook.

To see Spark’s full report on GB:HE1 stock, click here.

More about Helium One Global Limited

Helium One Global Ltd is a leading helium exploration company primarily focused on the Tanzanian market, with a significant project in the Southern Rukwa region. The company also holds a 50% interest in the Galactica-Pegasus helium development project in Colorado, USA.

Average Trading Volume: 43,848,652

Technical Sentiment Signal: Sell

Current Market Cap: £53.42M

For a thorough assessment of HE1 stock, go to TipRanks’ Stock Analysis page.