Helix Exploration chairman on new plant acquisition and Q2 helium production at Rudyard

Proactive - Interviews for investors

HeLIX Exploration PLC (AIM:HEX) chairman David Minchin takes Proactive's Stephen Gunnion through the latest developments at the company’s Rudyard helium project in Montana. Minchin confirmed that production is on track to commence in the second quarter of 2025 following the acquisition of a processing plant at a cost of just $500,000—saving 90% of the capital expenditure required for a new plant. The plant will be located next to existing gas infrastructure, minimising costs and accelerating timelines. Minchin explained that Rudyard offers a nitrogen-helium mix that is “incredibly easy to process,” with no CO2 or water management challenges. He emphasised that the project is ideally situated in North America, providing direct access to the world's largest helium market, which urgently needs new supply. Additionally, Helix is updating its reserves and resources, with Petroleum Consultants LLC conducting a scoping study. Minchin noted this will feed into a financial model to guide the company’s growth over the next decade. He also highlighted progress at Ingomar, which has the potential to become the first large-scale hydrogen discovery in the USA, in addition to its high-grade helium resources. Stay tuned for more updates on HeLIX Exploration PLC. Don’t forget to like this video, subscribe to Proactive’s YouTube channel, and enable notifications to stay updated. #HeliumProduction #HeLIXExploration #DavidMinchin #RudyardProject #Ingomar #NaturalResources #HeliumMarket #EnergyTransition #ProactiveInvestors #HeliumSupply