Helium is a critical – and often irreplaceable – component in modern technology applications such as cooling semiconductor magnets in MRIs, manufacturing semiconductor chips and in fibre optics and welding.
It is also incredibly rare on Earth despite being the second most abundant element in the universe.
Most helium produced to date has been the result of uranium and thorium decay in the Earth’s crust that was subsequently trapped in the same rock formations where hydrocarbons accumulate.
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.