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VVC Reports Q1'23 Results; Helium Sales fall 70%

VVC Exploration reported its Q1'23 results with helium sales of just US$2k which is ~70% lower y/y, after the record revenue over the last fiscal year when overall revenues doubled for the year. VVC ended the quarter with a cash balance of US$65k and total assets worth US$1.8mm. There were no major operational updates but the management expects portions of the Syracuse Extension Kansas Project 3 to complete by the end of the year. VVC operates its helium projects through its subsidiary Plateau Helium.

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