Helium One Global Ltd Announces Issue of Equity

Rhea-AI Summary

Helium One Global Ltd (HLOGF) has announced the issuance of 1,341,463 new ordinary shares to a service provider as payment in lieu of cash. The shares will be admitted to trading on AIM effective June 4, 2025, ranking equally with existing ordinary shares. Following the admission, the company's total issued share capital will be 5,922,768,359 ordinary shares with voting rights. The company recently achieved significant milestones, including a successful helium discovery at Itumbula West-1 with a 5.5% helium flow in Q3 2024, and the acceptance of a 480km2 Mining License in Tanzania in March 2025. Helium One holds prospecting licenses in Tanzania's Rukwa and Eyasi projects, and owns a 50% stake in the Galactica-Pegasus helium project in Colorado, USA.

Positive

• Successfully proved helium discovery at Itumbula West-1 with 5.5% helium flow
• Secured and accepted a 480km2 Mining License in Tanzania in March 2025
• Holds 100% equity in prospecting licenses across two Tanzanian project areas
• Maintains 50% working interest in US-based Galactica-Pegasus helium project

Negative

• Issuing shares in lieu of cash payment suggests potential cash flow constraints
• Share issuance will result in dilution of existing shareholders

Helium One Global Ltd Issue of Equity in Lieu of Cash to Service Provider

LONDON, UK / ACCESS Newswire / May 30, 2025 / Helium One Global Ltd (AIM:HE1) ("Helium One" or "the Company") announces that it has issued 1,341,463 ordinary shares in the Company to a service provider in lieu of cash payment.

Application will be made for the admission of the 1,341,463 new ordinary shares to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares and it is expected that Admission will become effective at 8.00 a.m. on 4 June 2025.

Following Admission, the Company's issued share capital will consist of 5,922,768,359 ordinary shares with voting rights. Helium One does not hold any ordinary shares in treasury. This figure of 5,922,768,359 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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 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 flowed significant quantities of helium to surface and filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km² ML has now been offered to the Company and was officially accepted in March 2025.

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

How many new shares is HLOGF issuing and what is the purpose?

Helium One Global is issuing 1,341,463 new ordinary shares to a service provider as payment in lieu of cash. The shares will begin trading on AIM on June 4, 2025.

What will be Helium One's total share count after the new issuance?

Following the admission of new shares, Helium One's total issued share capital will consist of 5,922,768,359 ordinary shares with voting rights.

What recent milestones has Helium One (HLOGF) achieved in Tanzania?

Helium One achieved a successful helium discovery at Itumbula West-1 with 5.5% helium flow in Q3 2024 and secured a 480km2 Mining License in Tanzania, which was accepted in March 2025.

Where are Helium One's main projects located?

Helium One's main projects include the Rukwa and Eyasi projects in Tanzania, where it holds 100% equity, and a 50% stake in the Galactica-Pegasus helium project in Las Animas County, Colorado, USA.

What was the helium concentration achieved in Helium One's Tanzania discovery?

The company's extended well test at Itumbula West-1 successfully flowed 5.5% helium continuously to surface in Q3 2024.