Latest Breaking News On - Helium one group ltd - Page 3 : comparemela.com
TRADING UPDATES: European Metals interim loss widens after new costs
Tue, 16th Mar 2021 18:58
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
European Metals Holdings Ltd - mineral exploration and development company focused on Cinovec lithium-tin project in Czech Republic - Posts pretax loss for the half year ended December 31 of AUD2.3 million, widening from AUD1.5 million a year prior. Revenue was AUD551,480, after reporting none in year before. Incurs new costs which did not feature a year prior including a AUD60,000 cost for facility and advance fees and AUD543,603 equity accounting on investment in Geomet, a lithium explorer in which the company holds a 49% stake. Says it has sufficient cash flows to meet all commitments and working capital requirements for the 12-month period.
Rotherham
United-kingdom
California
United-states
Tanzania
Czech-republic
Rukwa
Cinovec
Czech-republic-general
London
City-of
Lorna-blaisse
Notes to Editors
Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.
Helium One s assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One s subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume.
The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km
Australia
Tanzania
United-states
Rukwa
United-kingdom
London
City-of
Tavistock
Devon
Australian
American
Canaccord-genuity