Helium

Asian technology and semiconductor stocks surged Wednesday following a conditional U.S.-Iran ceasefire and the temporary reopening of the Strait of Hormuz. Chipmakers like TSMC and SMIC led the gains. The news eased concerns about helium supply disruptions, crucial for semiconductor manufacturing, and a potential drop in oil prices also boosted market sentiment. South Korea’s SK Hynix and Samsung Electronics saw significant rallies, with Samsung also benefiting from strong AI-driven demand for its HBM chips.

Helium One Global announced an independent CPR on its southern Rukwa Helium Project in Tanzania, conducted by Sproule ERCE. The report assessed contingent and prospective resources in the 480km² mining license area. Key highlights include 295,797 Mscf 2C Gross Helium Contingent Resources at Itumbula. The CPR validates the project and boosts confidence in the potential for a significant impact in a supply-constrained market. A phased development plan, starting with an Early Production System, is outlined.