Welcome to our dedicated page for Helium One Globa news (Ticker: HLOGF), a resource for investors and traders seeking the latest updates and insights on Helium One Globa stock.
Helium One Global Ltd (HLOGF, AIM: HE1) generates frequent news as it advances helium-focused exploration and development projects in Tanzania and the United States. Regulatory announcements describe the company as the primary helium explorer in Tanzania, with its flagship southern Rukwa Project in the southern Rukwa Rift Basin and a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA.
News updates commonly cover operational milestones at the southern Rukwa Project, including drilling results at the Itumbula West-1 well, extended well test outcomes, and the transition of the project into full appraisal and development. Readers can follow announcements on Mining Licence progress, equipment procurement such as the Electrical Submersible Pump for ITW-1, and site preparation work aimed at increasing flow rates and refining development plans.
Helium One Global’s news flow also includes developments at the Galactica-Pegasus project, where a six-well development drilling campaign has been completed. Company statements highlight progress on facility construction, permitting, engineering for gas gathering and processing, and the planned ramp-up of the plant as wells are tied into production.
In addition to operational updates, the company issues news on capital markets activity, including an investment agreement with institutional investors, WRAP Retail Offer launches and results, and conversion notices that lead to new share issuances and updated voting rights. Governance changes, such as board appointments and role transitions, are also disclosed through formal announcements. Investors and observers can use this news page to track these operational, financial and corporate governance developments over time.
Helium One Global (OTCQB:HLOGF) has announced two major developments: the formal award of a 480km² Mining License in southern Rukwa, Tanzania, and a proposed £10 million fundraise (approximately US$13 million) through an investment agreement with institutional investors.
The company plans to commence further testing in Q4 2025 using a downhole Electric Submersible Pump at the ITW-1 well. The fundraise includes a £1 million retail offer for existing shareholders. The funds will be allocated to: £4.0 million for ESP work programme, £1.0 million for annual ML fees/G&A, and £4.5 million for USA Galactica development.
The investment agreement allows investors to convert funds into shares at 80% of the VWAP with a 12-month maturity date. A General Meeting is scheduled for August 5, 2025, to approve the necessary share issuance authorities.
Helium One Global (AIM:HE1, OTCQB:HLOGF) has appointed Nishant Dighe as a non-Executive Director, pending AIM Rules due diligence. Dighe brings over 30 years of industry experience, including roles at ExxonMobil, Panoro Energy, and RAK Gas.
The company, Tanzania's primary helium explorer, also holds a 50% working interest in the Galactica-Pegasus helium project in Colorado. Their Rukwa Project in Tanzania recently achieved success with the Itumbula West-1 discovery, flowing 5.5% helium in Q3 2024. The company secured a 480km² Mining License in March 2025. In Colorado, a six-well development drilling campaign completed in H1 2025 showed promising results with up to 3.3% helium concentration, with initial production expected in Q4 2025.
Helium One Global (OTCQB:HLOGF) has received an independent Competent Person's Report (CPR) for its Southern Rukwa Helium Project in Tanzania. The CPR, conducted by Sproule ERCE, confirms significant helium resources with 2C Gross Helium Contingent Resources of 295,797 Mscf and 3C case of 1,345,591 Mscf for the Itumbula development.
The report also identifies additional Prospective Resources of 709,239 Mscf (2U) and 3,227,556 Mscf (3U) within the 480km² Mining License area. The development plan includes a phased approach with an initial 5-well Early Production System (EPS), followed by a 15-well program and an additional 46 wells for full field development.
Helium One Global (HLOGF) reported flow test results from the Jackson-2 well at its Galactica-Pegasus helium development project in Colorado, where it holds a 50% working interest. The well, drilled to 1,232 feet, has shown increasing natural flow rates reaching 250 Mcfd, with projected stabilized flow rates between 300-400 Mcfd and a maximum potential of 500 Mcfd. Initial laboratory analysis revealed helium concentration up to 1.22% and 77.77% CO2.
The well encountered the Lyons Sandstone Formation at 1,159 feet, showing high-quality, gas-saturated characteristics with no water presence. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. The Galactica project, discovered by Blue Star Helium in 2022, is part of a larger development offering multiple potential product streams.