GGE: Commences Trading on OTCQB Market in the USA
This morning our 2021 Catalyst Hunter Pick of the Year confirmed that it has commenced trading on the OTCQB market in the USA.
The company is trading under the ticker “GRGUF” and trading activity can be viewed via the following link: https://www.otcmarkets.com/stock/GRGUF/overview.
GGE is less than 10 days out from drilling its pure play helium well in Utah and has managed to get this OTC listing done at just the right time.
Helium is a critical raw material in the supply chain for producing semiconductors and has recently been getting a lot of domestic US interest.
Supply side disruptions are coming mainly from:
- Sanctions on Russia and the Armur facility (which was expected to produce ~11% of the world's helium supply)
- The recent unplanned shutdown of the US’s largest producing project (The Cliffside helium field)
This at a time when US semiconductor manufacturing capacity is increasing with the world's biggest chipmaker, Taiwan Semiconductor Manufacturing Company investing $12 billion in a new US facility and competitor ploughing $20 billion into a facility of its own also in the US.
The US is now facing a potential structural shortage in the helium markets and the OTC listing for GGE could not have come at a better time.
We suspect that those in the US who are aware of all of this will look at GGE as a potential investment exposure in the helium space.
GGE’s Managing Director Dane Lane hinted at this in today’s announcement saying the company's “assets and helium offtake partner located in the US, Grand Gulf has received significant interest from investors based in North America”.
We wrote about GGE’s upcoming drilling on Catalyst Hunter yesterday - you can read that note here.
To see why we are invested in GGE and why it is our 2021 Catalyst Hunter pick of the year, check out our 2022 Investment Memo by clicking the image below:
