LSE:HE1 (Helium One Global Ltd)
About HE1
Helium One Global Ltd is an early-stage helium exploration mining company. While listed in the United Kingdom, its operations are found entirely within Tanzania, where the company holds exploration licenses for 4,512 square kilometres.
The group currently has no active production sites. But it's currently investigating three separate projects called Rukwa, Eyasi, and Balangida. The Rukwa project is currently at the most advanced stage of development, with management executing rig audients and securing drilling services as exploration activities continue.
The group is focused on becoming a global leader in supplying helium to various critical industries, including aerospace and healthcare.
Frequently Asked Questions
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With demand for Helium on the rise and global supply remaining restricted, investor excitement surrounding this business surged in 2021, sending the Helium One share price on an upward trajectory.
However, following disappointing drilling results, the stock quickly came crashing back down to Earth. While it’s possible that a suitable mining site will be discovered and established in the long term, it remains a high-risk investment, especially since there is no revenue stream. Therefore, the stock is likely only suitable for investments with high-risk tolerances.
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No. Helium One Global is reinvesting its capital back into the business and therefore does not offer a shareholder dividend, nor is there a guarantee that it will happen in the future.
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Boohoo shares are listed on the AIM London Stock Exchange. They can be bought from any investment account that provides access to this exchange platform.