AllPennyStocks.com Gearing up for A Bounce in Helium
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Gearing up for A Bounce in Helium

Gearing up for A Bounce in Helium By: Tomas Ronolski - AllPennyStocks.com News

Monday, June 13, 2022

Helium is for more than just balloons. The lighter-than-air gas also plays roles in powering space shuttles, modern electronics and next-generation nuclear reactors. 

First Helium Inc. (TSXV: HELI) (OTCQB: FHELF) announced the receipt of $1.2 million for light oil volumes for deliveries during April in its press release. Ongoing cash flow from the light oil sales will continue to be deployed to help fund  ongoing helium exploration and development activities at its 100% owned Worsley Property, and the Southern Alberta ( Lethbridge ) Lands.

Given its unreactive properties, helium has seen increased interest for use in technology and automotive. First Helium identified a number of high impact helium exploration targets on the prospective Southern Alberta Helium Fairway lands to set up a second core exploration growth area.

Canadian shares were trading at $0.58 in early morning trade.


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