Helium One Group Ltd (DI) (HE1)

Sector:

Mining

0.85p
   
  • Change Today:
    -0.018p
  • 52 Week High: 1.95
  • 52 Week Low: 0.60
  • Currency: UK Pounds
  • Shares Issued: 5,921m
  • Volume: 42,464,443
  • Market Cap: £50.15m

Helium One announces delay to drilling at Galactica

By Josh White

Date: Friday 13 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Helium One Global, a helium exploration company with a 50% stake in the Galactica-Pegasus helium development project in Las Animas County, Colorado, announced a delay to the start of drilling at the Galactica site due to adverse weather conditions.
The AIM-traded firm said the project is operated by Blue Star Helium, which is overseeing development activities.

It said severe weather had left the ground saturated, rendering it unsuitable for the construction of well sites and access roads.

Blue Star, along with its construction partners, was closely monitoring conditions and anticipated mobilising as soon as the ground stabilised.

Without additional snow or precipitation, construction could potentially begin before the end of 2024.

To avoid standby costs over the holiday period, Helium One said Blue Star had chosen to reschedule the start of drilling to mid-January.

Despite the delay, Helium One confirmed that the overall project development timeline was unchanged, with the start of production still targeted for the first half of 2025.

Engineering efforts related to carbon dioxide removal, purification and sale prior to helium processing via the IACX helium recovery unit were progressing, alongside the selection of a preferred power generation solution for the project.

At 0947 GMT, shares in Helium One Global were down 2.39% at 0.93p.

Reporting by Josh White for Sharecast.com.

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HE1 Market Data

Currency UK Pounds
Share Price 0.85p
Change Today -0.018p
% Change -2.08 %
52 Week High 1.95
52 Week Low 0.60
Volume 42,464,443
Shares Issued 5,921m
Market Cap £50.15m

HE1 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.07% above the market average13.07% above the market average13.07% above the market average13.07% above the market average13.07% above the market average
26.98% above the sector average26.98% above the sector average26.98% above the sector average26.98% above the sector average26.98% above the sector average
Price Trend
73.73% below the market average73.73% below the market average73.73% below the market average73.73% below the market average73.73% below the market average
48.87% below the sector average48.87% below the sector average48.87% below the sector average48.87% below the sector average48.87% below the sector average
Income Not Available
Growth Not Available

HE1 Dividends

No dividends found

Trades for 30-May-2025

Time Volume / Share Price
16:35 913,197 @ 0.85p
16:35 422,007 @ 0.85p
16:35 491,190 @ 0.85p
16:29 60,489 @ 0.83p
16:27 11,080 @ 0.84p

HE1 Key Personnel

CEO Lorna Blaisse
Finance Director Graham Jacobs

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