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Helix Exploration Plc ( (GB:HEX) ) just unveiled an announcement.
Helix Exploration has paid in full for a Xebec PSA Processing Plant, marking a pivotal move toward production at the Rudyard Project in Montana. The company plans to start production in Q2 2025, pending the acquisition of front-end membrane units. Initial drilling results at Darwin #1 indicate a larger-than-expected helium structure, potentially the largest in Montana, which could enhance shareholder value and accelerate cash flow. The strategic site location near existing facilities further reduces costs and expedites the timeline for production, positioning Helix to capitalize on its helium assets.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on the ‘Montana Helium Fairway.’ Founded by industry experts and listed in April 2024, the company aims to become a significant helium producer in Montana by utilizing existing infrastructure and low-cost processing for early production. Helix has drilled wells at its Rudyard and Ingomar Dome Projects, demonstrating significant helium and hydrogen potential.
YTD Price Performance: -9.43%
Average Trading Volume: 2,264,320
Technical Sentiment Consensus Rating: Strong Buy
Learn more about HEX stock on TipRanks’ Stock Analysis page.
