EU and US could reach trade deal this weekend - Reuters
LONDON - Helix Exploration PLC, a helium exploration and development company, has announced the commencement of trading of its Ordinary Shares on the OTCQB Venture Market in the United States under the ticker symbol "HHEXF". The trading began today at 09:30 EST / 14:30 BST.
The company, which operates within the ’Montana Helium Fairway’, has stated that this new listing will not impact the trading of its shares on AIM, where it is listed under the symbol "HEX". The move to the OTCQB is designed to increase accessibility for U.S. investors and potentially enhance liquidity by tapping into a wider pool of investors.
Helix Exploration’s CEO, Bo Sears, expressed optimism about the company’s future, particularly as it transitions from exploration to development, with plans to begin production at its Rudyard project in Montana. Sears highlighted the company’s position in the helium market, which is facing significant structural challenges, and pointed out Helix’s potential as a large domestic source of helium.
The company has emphasized that it will continue to fulfill all required announcements and disclosures through the London Stock Exchange (LON:LSEG)’s Regulatory News Service and is not subject to Sarbanes-Oxley or U.S. Securities and Exchange Commission reporting requirements.
The OTCQB listing is expected to provide U.S. investors with the opportunity to trade Helix’s shares in U.S. dollars and during U.S. market hours. This move may facilitate easier access to the company’s shares for U.S.-based investors.
Helix has been preparing for production at its Rudyard Project, which is expected to begin in 2025. The project boasts three production wells with the potential to yield significant revenue over a projected 12-14 year lifespan.
The company has committed to maintaining open and transparent communication with its investors as it progresses from development into production, with a strategic focus on efficient scaling, resource development, and near-term cash flow.
This development is based on a press release statement issued by Helix Exploration.
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