Helix Exploration Shares Rally as Rudyard Project Nears Helium Production

Helix Exploration (LON: HEX) shares jumped over 8% on Friday morning following an operational update on its flagship Rudyard project in Montana.

The company announced that a minor technical issue delaying helium production has been resolved. Markets reacted positively to the news, signaling renewed confidence in Helix's near-term production capabilities.

The initial setback involved a Variable Speed Drive (VSD) during the final commissioning stages. Helix reported that the VSD is now operating “seamlessly,” paving the way for imminent helium production. The company plans to host prospective offtake partners at the Rudyard site to negotiate supply agreements aimed at maximizing shareholder value.

Helix intends to provide a further market update regarding its production milestone, alongside a broader operational review, during the week commencing February 16, 2026. This forthcoming announcement is anticipated to provide further clarity on production timelines and potential revenue streams.

The successful resolution of the technical issue is a critical step for Helix. Becoming the first helium producer in Montana represents a significant achievement and a potential catalyst for future growth. The company's ability to secure favorable offtake agreements will be paramount in translating production into tangible financial results.

Bo Sears, Chief Executive Officer of Helix Exploration, commented: “Our team has worked tirelessly, and thanks to their dedication and expertise, we are now closer than ever to achieving a significant milestone – becoming the first helium producer in the state of Montana.”

The company's focus on maximizing shareholder value through strategic offtake arrangements is a key consideration for investors. The global helium market is characterized by increasing demand and limited supply, creating a favorable environment for producers like Helix.

The successful commencement of production at the Rudyard project could substantially de-risk the investment case for Helix Exploration. The company's ability to execute its production strategy and secure profitable offtake agreements will be crucial in determining its long-term success.