Mining Minerals & Metals (MMM) believes Georgina Energy can become a leading global producer of helium and hydrogen after it announced a reverse takeover which is expected to close late Q2.
Under the proposed acquisition, which plans to list on the London Stock Exchange, MMM – which is registered in London – said it will provide exposure to a “clear low risk pathway to helium and hydrogen production in a top-tier natural resources jurisdiction”.
Well redevelopment company Georgina is involved with two projects, Hussar and Mount Winter, spanning 3,951sq km in Western Australia. According to a statement, there is a ‘clear and realistic pathway to production’ with drilling expected to start in Q4.
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