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Helix Exploration Plc ( (GB:HEX) ) just unveiled an update.
Helix Exploration PLC has received notice for the exercise of warrants over 250,000 new ordinary shares at 10 pence each, raising £25,000 in proceeds and slightly increasing its issued share capital to 186,567,400 ordinary shares. The new shares are expected to be admitted to trading on AIM around 30 January 2026, ranking equally with existing stock, a modest but supportive capital inflow as the company advances its Montana‑based helium development strategy toward near‑term production and potential long‑term revenue generation from the Rudyard Project.
More about Helix Exploration Plc
Helix Exploration PLC is a helium exploration and development company focused on deposits within the ‘Montana Helium Fairway’ in the United States. Listed since April 2024, it is targeting near‑term production at its Rudyard Project in northern Montana, leveraging existing infrastructure and low‑cost processing. The company operates four production wells aimed at helium/nitrogen gas in the Souris and Red River formations, with test flows of up to 3,800 Mcf per day at 1.2% helium and projected net revenue potential of $115–$220 million over a 12.5‑year field life.
Average Trading Volume: 1,039,225
Technical Sentiment Signal: Hold
Current Market Cap: £50.31M
Find detailed analytics on HEX stock on TipRanks’ Stock Analysis page.