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Helium One Global Ltd Announces Notice of Conversion of Advance

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Helium One Global (HLOGF) has received conversion notices totaling £1,650,000 from investors following the approval of the Investment Agreement on July 18, 2025. The conversion price is set at 0.235p, representing a 21.7% discount to the closing mid-price on September 18, 2025, resulting in the issuance of 702,127,658 new ordinary shares.

Upon admission on September 25, 2025, the company's total ordinary shares will increase to 7,716,654,294. The company holds significant helium assets, including the Rukwa Project in Tanzania, which successfully flowed 5.5% helium in Q3 2024, and a 50% stake in the Galactica-Pegasus project in Colorado, where wells have shown helium concentrations up to 3.3% with production expected in Q4 2025.

[ "Mining License formally awarded for 480km2 area in Tanzania in July 2025", "Successful extended well test at Itumbula West-1 showing 5.5% helium flow", "Galactica-Pegasus project showing promising helium concentrations up to 3.3%", "Near-term production expected in Q4 2025 for Colorado operations" ]

Helium One Global (HLOGF) ha ricevuto note di conversione per un totale di £1,650,000 dagli investitori dopo l'approvazione dell'Investment Agreement il 18 luglio 2025. Il prezzo di conversione è fissato a 0.235p, rappresentando uno sconto del 21,7% sul prezzo medio di chiusura del 18 settembre 2025, con l'emissione di 702,127,658 nuove azioni ordinarie.

All'admission il 25 settembre 2025, il totale delle azioni ordinarie della società salirà a 7,716,654,294. La società detiene significativi asset di elio, tra cui il progetto Rukwa in Tanzania, che ha registrato un flusso di elio del 5.5% nel Q3 2024, e una partecipazione del 50% nel progetto Galactica-Pegasus in Colorado, dove i pozzi hanno mostrato concentrazioni di elio fino al 3.3% con produzione prevista nel Q4 2025.

Helium One Global (HLOGF) ha recibido avisos de conversión por un total de £1,650,000 de inversores tras la aprobación del Investment Agreement el 18 de julio de 2025. El precio de conversión se fija en 0.235p, representando un descuento del 21,7% respecto al cierre medio del 18 de septiembre de 2025, resultando en la emisión de 702,127,658 nuevas acciones ordinarias.

Con la admisión el 25 de septiembre de 2025, el total de acciones ordinarias de la empresa aumentará a 7,716,654,294. La compañía posee activos significativos de helio, incluido el Proyecto Rukwa en Tanzania, que registró un flujo de helio del 5,5% en el Q3 2024, y una participación del 50% en el proyecto Galactica-Pegasus en Colorado, donde los pozos han mostrado concentraciones de helio de hasta el 3,3% con producción prevista en el Q4 2025.

Helium One Global (HLOGF)은 2025년 7월 18일 투자 계약 승인 이후 £1,650,000의 총 전환 통지를 투자자로부터 받았습니다. 전환 가격은 0.235p로 설정되었으며, 이는 2025년 9월 18일의 종가 중간가 대비 21.7% 할인에 해당하고, 결과적으로 702,127,658주의 신규 보통주가 발행됩니다.

2025년 9월 25일 상장 시 회사의 총 보통주 수는 7,716,654,294주로 증가합니다. 이 회사는 탄자니아의 루카(Rukwa) 프로젝트를 포함한 중요한 헬륨 자산을 보유하고 있으며, 2024년 3분기에 헬륨 흐름이 5.5%를 기록했고, 콜로라도의 Galactica-Pegasus 프로젝트에서 지분의 50%를 보유하고 있으며, 우물에서 헬륨 농도가 최대 3.3%로 나타나 2025년 4분기에 생산이 예정되어 있습니다.

Helium One Global (HLOGF) a reçu des avis de conversion totalisant £1,650,000 de la part des investisseurs après l'approbation de l'Investment Agreement le 18 juillet 2025. Le prix de conversion est fixé à 0,235p, représentant une réduction de 21,7% par rapport au cours médian de clôture du 18 septembre 2025, entraînant l'émission de 702,127,658 nouvelles actions ordinaires.

Lors de l'admission le 25 septembre 2025, le total des actions ordinaires de la société s'élèvera à 7,716,654,294. La société détient des actifs importants en hélium, notamment le projet Rukwa en Tanzanie, qui a enregistré un flux d'hélium de 5,5% au Q3 2024, et une participation de 50% dans le projet Galactica-Pegasus dans le Colorado, où les puits ont montré des concentrations d'hélium allant jusqu'à 3,3% avec une production prévue au 4e trimestre 2025.

Helium One Global (HLOGF) hat Konvertierungsmitteilungen in Höhe von insgesamt £1,650,000 von Investoren erhalten, nachdem die Investitionsvereinbarung am 18. Juli 2025 genehmigt wurde. Der Wandlungspreis beträgt 0,235p und entspricht einem Discount von 21,7% gegenüber dem Schlusskurs vom 18. September 2025, was zur Ausgabe von 702,127,658 neuen Stammaktien führt.

Bei der Zulassung am 25. September 2025 wird die Gesamtanzahl der Stammaktien des Unternehmens auf 7,716,654,294 steigen. Das Unternehmen hält bedeutende Helium-Assets, einschließlich des Rukwa-Projekts in Tansania, das im Q3 2024 einen Heliumfluss von 5,5% verzeichnete, sowie eine 50%-Beteiligung am Galactica-Pegasus-Projekt in Colorado, wo Bohrungen Konzentrationen von bis zu 3,3% zeigten und eine Produktion im Q4 2025 vorgesehen ist.

Helium One Global (HLOGF) تلقّت إشعارات تحويل بمجموع £1,650,000 من المستثمرين عقب الموافقة على اتفاق الاستثمار في 18 يوليو 2025. سعر التحويل محدد بـ 0.235p، وهو يمثل خصمًا قدره 21.7% عن سعر الإغلاق الوسيط في 18 سبتمبر 2025، مما يؤدي إلى إصدار 702,127,658 سهماً عاديًا جديدًا. عند القبول في 25 سبتمبر 2025، سترتفع إجمالي الأسهم العادية للشركة إلى 7,716,654,294. تمتلك الشركة أصول هيليوم كبيرة، بما في ذلك مشروع روكا في تنزانيا، الذي أظهر تدفق هيليوم قدره 5.5% في الربع الثالث 2024، ونسبة 50% في مشروع Galactica-Pegasus في كولورادو، حيث أظهرت آبار تركيزات من الهيليوم تصل إلى 3.3% مع إنتاج متوقع في الربع الرابع 2025.

Helium One Global (HLOGF) 已收到来自投资者的转换通知,总额为£1,650,000,这是在2025年7月18日批准的投资协议之后发出的。转换价格定为0.235p,相对于2025年9月18日收盘中位价21.7%的折扣,因此将发行702,127,658股新的普通股。

2025年9月25日上市时,公司的普通股总数将增至7,716,654,294股。公司拥有重要的氦资产,包括坦桑尼亚的鲁卡(Rukwa)项目,在2024年Q3的氦流量为5.5%,以及在科罗拉多州的Galactica-Pegasus项目50%股权,井位显示氦浓度最高达3.3%,预计2025年Q4开始生产。

Positive
  • None.
Negative
  • Significant share dilution with 702,127,658 new shares being issued
  • 21.7% discount on share conversion price compared to market price

LONDON, UK / ACCESS Newswire / September 24, 2025 / Further to the approval of the Investment Agreement dated 18 July 2025 by shareholders at a General Meeting held on 6 August 2025, the Company has received conversion notices totalling £1,650,000 from the Investors.

Pursuant to the terms of the Investment Agreement, the conversion price has been calculated at 0.235p and this represents a discount of approximately 21.7% to the closing mid-price of the Company's existing Ordinary Shares on 18 September 2025 (the day prior to the conversion notice being received). This will result in the allotment of 702,127,658 new Ordinary Shares.

Admission and Total Voting Rights

Applications have been made for the new ordinary shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 25 September 2025.

Upon Admission, the Company's issued ordinary share capital will consist of 7,716,654,294 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 7,716,654,294. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Helium One Global Ltd

+44 20 7920 3150

Lorna Blaisse, CEO
Graham Jacobs, Finance and Commercial Director

Panmure LiberumLimited (Nominated Adviser and Joint Broker)
Scott Mathieson
Gaya Bhat

+44 20 3100 2000

Zeus Capital Limited (Joint Broker)
Simon Johnson
Louisa Waddell

+44 20 3829 5000

Tavistock(Financial PR)
Nick Elwes

+44 20 7920 3150

Notes to Editors

Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA. The Company holds helium licenses within two distinct helium project areas, across two continents. With an expanding global footprint, the company has the potential to become a strategic player in resolving a supply-constrained helium market.

The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is entering a full appraisal and development 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 ("EWT"), successfully flowed 5.5% helium continually to surface in Q3 2024.

Following the success of the EWT, the Company filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024 and the 480km2 ML was formally awarded to the Company in July 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) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production.

This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1.

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 is the conversion price for Helium One Global's (HLOGF) recent investment agreement?

The conversion price has been set at 0.235p, representing a 21.7% discount to the closing mid-price on September 18, 2025.

How many new shares will be issued by Helium One Global (HLOGF) following the conversion?

The company will issue 702,127,658 new ordinary shares, bringing the total number of shares to 7,716,654,294 upon admission.

What are the recent developments in Helium One Global's (HLOGF) Tanzania operations?

The company's Rukwa Project successfully flowed 5.5% helium in Q3 2024 and was awarded a 480km2 Mining License in July 2025.

When will Helium One Global's (HLOGF) Colorado operations begin production?

The Galactica-Pegasus project in Colorado, showing helium concentrations up to 3.3%, is expected to begin initial production in Q4 2025.

What is the total value of the conversion notices received by Helium One Global (HLOGF)?

The company received conversion notices totaling £1,650,000 from investors following the Investment Agreement approval.
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