Pulsar Helium's Helium-3 Discovery Drives Market Optimism
Pulsar Helium, a UK-based company, has sparked excitement with its recent findings, while Kefi Copper and Gold's shares soared following a positive update on its Ethiopian gold mine. Meanwhile, the AIM All-Share index and FTSE 100 both reached record highs.
Pulsar Helium, valued at approximately £54 million, has announced remarkable lab results indicating high levels of helium-3 in Minnesota. The company believes it has the largest supply of this rare gas on Earth, even surpassing the Moon's surface. This discovery could make Minnesota a more reliable and economically viable source of helium-3 compared to lunar extraction.
Pulsar Helium's stock price reflected this optimism, surging to 36p on Wednesday and closing the week 47% higher. Bezant Resources also caught investors' attention, with its value boosted by £1.8 million after an investor increased their stake and sold shares in Blackstone Minerals.
Kefi Copper and Gold's shares jumped 38% following confirmation that the full development of its flagship gold mine in Ethiopia remains on track for completion in October 2025. However, not all companies experienced gains. Litigation Capital's shares plummeted almost 60% after a High Court setback, with year-to-date losses reaching 88%. Tissue Regenix shares also fell significantly, dropping 53% after releasing results with asterisked estimates.
Sabien Technology, however, saw a significant rise of 105% after its Korean partner secured EU export certification and received fresh investment.
Pulsar Helium's helium-3 discovery and Kefi Copper and Gold's progress have driven optimism in the market. Meanwhile, the AIM All-Share index gained 1.7% and the FTSE 100 rose 2% to record highs. Despite these positives, investors should remain vigilant, as demonstrated by the significant losses experienced by some companies.
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