London Stock Exchange welcomes Helix Exploration Plc to AIM

London Stock Exchange welcomes the admission of Helix Exploration Plc to AIM. Helix Exploration Plc will trade under the ticker “HEX”.
 
Helix Exploration is a helium exploration company with operations in Montana, North America, which aims to leverage the experience of their veteran management team to discover and develop new sources of primary helium. The helium commodity sector is currently experiencing a surge in popularity, as increasing demand from the medical and high-tech manufacturing sectors continues to drive helium price to all-time highs. Operations are focused on their flagship Ingomar Dome Project, a large-scale closure on the highly productive ‘Montana Helium Fairway’ where historic drilling has already identified gas in all target reservoir horizons.

The team celebrating on the balcony at LSEG during the welcome ceremony.

The Company aims to use the net proceeds raised on Admission to commence scoping studies and test drilling in 2024, with plant construction and production drilling due to commence and complete in 2025, with a first gas target of Q4 2025.

“After 24 years in helium exploration and development it has become clear to me that new, large-scale, primary helium projects are required to satisfy growing demand. These projects are best discovered by teams with a deep understanding of helium systems. Helix Exploration offers investors an opportunity to invest in a proven management team operating in an area of known helium occurrences in the United States.”

Bo Sears
CEO of Helix Exploration on Admission

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