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 (HLOGF) has received a Mining License (ML) offer from Tanzania's Mining Commission for its southern Rukwa Helium Project. The ML will cover approximately 480km², significantly larger than standard mining licenses, encompassing the entire southern Rukwa Helium Project in the Momba and Sumbawanga Districts.
This milestone follows the company's discovery at Itumbula West-1 and their September 2024 application submission. The project demonstrated success in Q3 2024 with an extended well test that continuously flowed 5.5% helium to the surface. The Ministry of Minerals approved this larger-than-standard license area, recognizing the unique geological characteristics of the helium gas-in-solution play.
Helium One Global maintains a 100% equity in its Tanzanian licenses and holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA.
Helium One Global (HLOGF) reports progress on the Jackson-31 development well at the Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. The intermediate hole section has been successfully drilled to 1,080 feet and is currently undergoing casing and cementing.
The next steps include conducting a cement bond log (CBL) followed by drilling into the targeted Lyons Sandstone Formation helium reservoir. Upon completion, the well will undergo wireline logging and wellhead installation for flow and pressure readings.
The broader Galactica-Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125-412 Mcfd with helium concentrations between 2.0-6.1%. The recent State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
Helium One Global (HLOGF) announces the spudding of the Jackson-31 development well at its Galactica helium project in Colorado, where it holds a 50% working interest. The well's shallow conductor section has been set, with BOPs being installed before drilling the intermediate hole section. The well targets the Lyons Formation and will undergo wireline logging and flow testing upon reaching Target Depth.
The Galactica/Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125 to 412 Mcfd with helium concentrations between 2.0% and 6.1%. The State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.
Helium One Global (HLOGF) reports that drilling operations are advancing at the Jackson-31 well location in Las Animas County, Colorado, part of the Galactica Project where the company holds a 50% working interest. Blue Star Helium, the project operator, has confirmed the mobilization of the drilling rig and is currently rigging up at the site.
The development follows the completion of site works and delivery of all casing, as previously announced on January 15, 2025. Drilling operations are expected to commence shortly after the rigging up process is completed.
The company also maintains its flagship Rukwa Project in Tanzania, where it recently achieved success with the Itumbula West-1 well, which flowed 5.5% helium continuously to surface in Q3 2024. Following this success, Helium One has filed a Mining License application with the Tanzanian Government.
Helium One Global (AIM:HE1, OTCQB:HLOGF) provided an update on its Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. Due to winter conditions, the company's operator Blue Star Helium is gravelling roads to Jackson-31 and Jackson-4 well locations to ensure continued access during cold weather. The rig mobilization has been delayed to the week of February 10th due to anticipated snow conditions.
The drilling campaign will begin with Jackson-31 SENW 3054, followed by Jackson-4 L4 3154, with three additional approved wells pending sequence confirmation. Work continues on the Pinon Canyon processing plant, targeting first gas production in 1H 2025.
The company also maintains 100% equity in its Tanzanian projects, including the flagship Rukwa Project, where the Itumbula West-1 well successfully flowed 5.5% helium to surface in Q3 2024, leading to a Mining Licence application.
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.
Helium One Global (AIM:HE1) announces its Annual General Meeting (AGM) scheduled for December 16, 2024, at 11:00 a.m. GMT in London. Shareholders can attend in person or remotely via webinar through the Investor Meet Company platform. The company emphasizes proxy voting ahead of the AGM, with Forms of Proxy due by December 12 and Forms of Instruction by December 11, 2024. Remote participants cannot vote online during the AGM. The company's Rukwa Project recently achieved success with the Itumbula West-1 discovery, flowing 5.5% helium to surface in Q3 2024, leading to a Mining License application with the Tanzanian Government.
Helium One Global announced its audited results for the year ended June 30, 2024, reporting a comprehensive loss of US$11,012,204. The company achieved significant operational milestones, including the successful completion of Phase II drilling campaign with the discovery of helium at Itumbula West-1 (ITW-1) well, flowing a sustained average of 5.5% helium from fractured Basement and 5.2% from Karoo Group. The company's net assets stood at US$47,471,097, with a cash position of US$11,647,723. Post-period, Helium One acquired a 50% interest in Blue Star Helium's Galactica-Pegasus project in Colorado, USA, expanding its portfolio with a near-term development opportunity expected to generate revenue in H1 2025.