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An update from Helix Exploration Plc ( (GB:HEX) ) is now available.
Helix Exploration PLC has secured a drilling rig for the re-entry and coring program at its Rudyard Project, a significant step in evaluating the potential for natural hydrogen resources. The project aims to explore ultramafic rocks known for hydrogen generation and integrate helium production, positioning Helix as a leader in clean energy resource development. This initiative could enhance the company’s market position by pioneering one of North America’s first commercial natural hydrogen discoveries, offering a sustainable and emission-free energy source.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on the ‘Montana Helium Fairway’. The company, founded by industry experts, targets the exploration and production of helium deposits, particularly at its Rudyard Project in northern Montana. Helix aims to leverage existing infrastructure and low-cost processing to achieve first gas production by 2025, with potential revenue generation of $115 – $220 million over a 12.5-year field life.
Average Trading Volume: 1,253,815
Technical Sentiment Signal: Buy
Current Market Cap: £51.7M
Find detailed analytics on HEX stock on TipRanks’ Stock Analysis page.