A helium and hydrogen company will enter the stock market to boost the city.
The Mail on Sunday understands that a reverse takeover of Georgina Energy by shell company Mining Minerals and Metals (MMM) will be confirmed within days. The deal is expected to close by the end of June.
This year, six companies listed in London, including another helium company, Helix Exploration. Helium is used in scientific research, medical technology and the defense industry. Hydrogen can be used to power vehicles, heat buildings and generate electricity.
Boost: Six companies listed in London this year, including another helium company
Georgina Energy, which has projects in Australia, claims its resources are large enough to become a leading global producer of helium and hydrogen.
Roy Pitchford, non-executive chairman of MMM, said there was “huge global demand” for hydrogen.