Its unique combination of attributes makes helium a sought after commodity for many different industrial and technological applications.
The market is anticipated to grow on account of increasing use of helium in various high tech applications. These include cryogenics, welding, inert atmospheres, electronics, lifting, pressure & purging, amongst others. New applications include hybrid air vehicles (such as Airlander and Lockheed Martin’s LMH-1), helium filled hard drives, and Google X Project Loon.
Helium One is an independent specialist explorer focussed on delineating and developing globally significant helium assets in Tanzania. In March 2017, Solo Oil Plc (LON:SOLO) acquired a 10% interest in Helium One Limited.