Helium One Global (HE1)
HE1 share price: HE1 1.32 +0.02 +1.54% : Helium One Global Ltd – MSN Money
Helium One Global (HE1) is a company focused on the exploration, development, and production of low-carbon helium. The company aims to become a significant player in the helium market, which is essential for various high-tech applications. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF2. As of the latest available data, it has a market capitalisation of £49.05 million.
Helium One was founded to explore, develop, and ultimately, become a producer of low-carbon helium, a critical material essential in many modern technologies.
Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.
Helium One’s assets are located within the rift basins on the margin of the Tanzanian Craton. The Company has secured Prospecting Licences covering 2,840km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.6% He by volume.
All Helium One’s licences are held on a 100% equity basis and are in close proximity to the required infrastructure.
Helium originates from the gradual radioactive decay of elements found in the old continental crust. This gas is liberated when such crust is fragmented by intense geotectonic forces, like those at work in the East African Rift valley. Helium cannot be synthetically produced or efficiently extracted from the air.
The technique for extracting helium closely mirrors that of natural gas extraction, benefiting from the shared expertise and technology of the oil and gas industry. Due to its high value, liquid helium can be easily shipped in ISO containers on trucks, eliminating the need for pipeline systems.
Helium is indispensable in various sectors, including technology, science, medicine, and manufacturing. It plays a crucial role in numerous advanced manufacturing processes, making it an essential yet often overlooked component of the digital age.
The worldwide helium market currently demands approximately 6 billion cubic feet (Bcf) annually. China’s imports account for about 1 Bcf of this total. Projections indicate that the annual demand will rise from 6.0 Bcf to 8.5 Bcf by the year 2030.
The HE1 share price as of March 20, 2024 is 1.32 GBp. It has seen a change of 0.02 GBp, which is an increase of 1.54% from the previous close. The day’s trading started at 1.325 GBp and reached a low of 1.32 GBp. The market capitalisation stands at approximately £48.33 million.
About The Author
