VVC Reports FY'22 Results, Doubles Helium Revenue

VVC Exploration has reported its FY results to 31st January 2023. The company has realised a total helium revenue of US$28,899, which although small, is ~2x the FY'21 helium revenue. VVC ended with a total net loss of US$5,521,035, a negative cash balance of US$50,118 and total assets worth US$1,836,987. There were no major operational updates since last quarter, however, the company had indicated that works on the Syracuse Project-3 would commence by Q1'23 but no progress has been made on that as of now. VVC has also announced the extension for 2 additional years of certain warrants.

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