A helium and hydrogen company is set to join the stock market in a boost for the City.
The Mail on Sunday understands a reverse takeover of Georgina Energy by shell company Mining Minerals and Metals (MMM) will be confirmed within days. The deal is expected to be completed by the end of June.
Six firms have listed in London this year, including another helium outfit, Helix Exploration. Helium used in scientific research, medical technology and the defence industry. Hydrogen can be used to power vehicles, heat buildings and generate electricity.
Boost: Six firms have listed in London this year, including another helium outfit
Georgina Energy, which has projects in Australia, claims its resources are big enough to become a leading global producer of helium and hydrogen.
Roy Pitchford, non-executive chairman of MMM, said ‘huge global demand’ is coming for hydrogen.
