As several early-stage helium miners push ahead with projects, Helium One’s Tanzania extraction project could give it an edge on the market. With the HE1 share price jumping on confirmation of the presence of helium at the Rukwa mine earlier this year, the firm could represent a good value long-term option as the helium market takes off.
Helium One [HE1.L] shares are up 27.6% year-to-date as the company moves ahead with its mining plans in Tanzania. Demand for the critical gas has surged due to supply fears and its use in cutting-edge technologies.
The company is one of several helium miners on course to set up large-scale mining operations, and with the helium market on course to expand over the next few years, it could be set to see its share price expand in the near term.
Helium One Global Ltd (LON:HE1) was founded in September 2015. The Company’s focus is to explore, develop, and ultimately, become a producer of high-grade helium for the international market, a critical material essential in modern technologies.