A helium and hydrogen company is to list on the stock market in a boost for 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 be completed by the end of June.
Six companies have listed in London this year, including another helium company, Helix Exploration. Helium used in scientific research, medical technology and the defense industry. Hydrogen can be used to power vehicles, heat buildings and generate electricity.
Momentum: Six companies have listed in London this year, including another helium company
Georgina Energy, which has projects in Australia, says 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 “enormous global demand” for hydrogen ahead.