VVC Resources is fully funded for its Syracuse helium project, Kansas, and is prioritising exploration work on eight drilled wells at the location. The project is spread over 16.4k acres and has historically held helium concentrations of 1-1.5%. Internal estimates put the resource size at 75 bcf of gas implying ~750mmcf of helium. The company recently received US$5mm from the sale of a portion of its ownership in Proton Green, which has solved its balance sheet issues and given funds to deploy towards Syracuse. Chairman Dr. Terrence Martell emphasised their risk mitigation efforts, including substantial investments in analytics to increase the probability of successful drilling at depths of 2,500ft in an interview with Investing New Network.
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