Grand Gulf increases right to earn 85% of Helium Project

  • Strategic acquisition sees GGE acquire an additional 30% of the Red Helium Project (total now 55%) with the right to earn up to 85
  • The project partners have elected to receive 85% of the acquisition cost in GGE shares (escrowed for 6 months)
  • P50 unrisked Prospective Resource attributable to GGE at the Red Helium Project has increased to 6.3 BCF (see Table 1)

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