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An announcement from Helix Exploration Plc ( (GB:HEX) ) is now available.
Helix Exploration has reported further progress at its flagship Rudyard Project as it moves toward first helium gas production in Montana, with the final long-lead PSA compressor now fully assembled and expected onsite within days, enabling commissioning to begin shortly after arrival. The company is also advancing commercial and strategic options, including offtake discussions with industry players to be finalised once production starts, early-stage talks with Tier 1 partners on potential hydrogen collaborations, the acquisition of an additional 1,363 acres of leases at Rudyard, and a temporary pause in drilling at the Inez#1 well due to severe winter weather, all of which underscore its ambition to become Montana’s first helium producer and strengthen its position in the emerging helium market.
More about Helix Exploration Plc
Helix Exploration Plc is a helium exploration and development company focused on the ‘Montana Helium Fairway’ in northern Montana. Listed in April 2024, it is targeting near-term production from its Rudyard Project, where it operates four production wells in the Souris and Red River formations, leveraging existing infrastructure and low-cost processing to exploit helium/nitrogen gas resources with multi-well potential and significant projected revenue over the field’s life.
Average Trading Volume: 1,182,309
Technical Sentiment Signal: Buy
Current Market Cap: £51.24M
See more data about HEX stock on TipRanks’ Stock Analysis page.