Helium One Global Ltd Announces Change of Registered Office

Rhea-AI Summary

Helium One Global (AIM:HE1, OTCQB:HLOGF) has announced the change of its registered office to 171 Main Street, PO Box 92, Road Town, Tortola, British Virgin Islands. The company is a Tanzanian explorer holding prospecting licenses across two project areas: Rukwa and Eyasi.

The company's flagship Rukwa Project, covering 1,664km² in southwest Tanzania, has achieved significant milestones following its 2023/24 exploration drilling campaign. The campaign proved a helium discovery at Itumbula West-1 and successfully flowed 5.5% helium continuously to surface in Q3 2024. Following this success, the company has filed a Mining License application with the Tanzanian Government.

Additionally, Helium One owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, operated by Blue Star Helium.

Positive

• Successful helium discovery at Itumbula West-1 with 5.5% continuous flow
• Mining License application filed with Tanzanian Government
• 100% equity ownership in Tanzanian licenses
• Strategic position in supply-constrained helium market

Negative

• None.

News Market Reaction – HLOGF

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On the day this news was published, HLOGF declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LONDON, UK / ACCESS Newswire / January 23, 2025 / Helium One Global (AIM:HE1), announces that its registered office address has changed to 171 Main Street, PO Box 92, Road Town, Tortola, British Virgin Islands, VG110.

For further information please visit the Company's website: www.helium-one.com

Contact

Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director	+44 20 7920 3150
Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese	+44 20 3100 2000
Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell	+44 20 3829 5000
Tavistock(Financial PR) Nick Elwes Tara Vivian-Neal	+44 20 7920 3150

Notes to Editors

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licences are held on a 100% equity basis.

The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin covering 1,664km² in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024.

Following the success of the extended well test, the Company has now flowed significant quantities of helium to surface and has filed a Mining Licence application with the Mining Commission of the Tanzanian Government.

The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL).

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Helium One Global Ltd

View the original press release on ACCESS Newswire

FAQ

What was the helium flow rate achieved at Helium One's (HLOGF) Itumbula West-1 well in Q3 2024?

Helium One's Itumbula West-1 well successfully flowed 5.5% helium continuously to surface during Q3 2024.

What is the size of Helium One's (HLOGF) Rukwa Project in Tanzania?

The Rukwa Project covers an area of 1,664km² in south-west Tanzania.

What percentage stake does Helium One (HLOGF) own in its Tanzanian licenses?

Helium One holds 100% equity in all its Tanzanian licenses.

What is Helium One's (HLOGF) ownership stake in the Galactica-Pegasus project?

Helium One owns a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA.

Has Helium One (HLOGF) applied for a Mining License in Tanzania following its discovery?

Yes, following the successful extended well test, Helium One has filed a Mining License application with the Mining Commission of the Tanzanian Government.