If You Invested in Helium One Globa (HLOGF)

Helium One Global Ltd (HLOGF) is an energy company focused on helium exploration and development. Classified within the Oil & Gas Exploration & Production industry, the company is described in its regulatory news as the primary helium explorer in Tanzania and also holds interests in a helium development project in the United States. Its shares trade on the AIM market of the London Stock Exchange under the ticker HE1 and on the OTCQB market in the United States under the ticker HLOGF.

According to company announcements, Helium One Global holds helium licences within two distinct helium project areas across two continents. The business is centred on discovering, appraising and progressing helium resources towards commercial development. The company highlights its potential to become a strategic participant in addressing a supply-constrained helium market, reflecting its focus on exploration and development activities rather than diversified energy production.

Southern Rukwa Project in Tanzania

The company’s flagship asset is the southern Rukwa Project, located within the southern Rukwa Rift Basin in south‑west Tanzania. Regulatory news statements describe this as the company’s principal project. Following a 2023/24 exploration drilling campaign at the Itumbula West‑1 well, Helium One reports that a helium discovery was proved and that an extended well test (EWT) successfully flowed helium to surface. The company states that this project is entering a full appraisal and development stage based on those results.

Helium One has reported that, following the success of the extended well test, it filed a Mining Licence (ML) application with the Tanzania Mining Commission in September 2024. Company disclosures further state that a 480 km² Mining Licence area for southern Rukwa was formally awarded in July 2025. Subsequent announcements note that the company intends to focus its southern Rukwa development within this Mining Licence area after certain prospecting licences reached the end of their renewal term and were relinquished.

Operational updates from the company indicate that it is preparing for the next phase of development at the Itumbula West‑1 well (ITW‑1). Helium One has reported the execution of a purchase agreement for an Electrical Submersible Pump (ESP) and associated equipment, with civils work at the wellsite commenced to support ESP operations and water disposal. The company states that ESP operations are intended to increase flow rates and provide more detailed information on gas composition from the targeted intervals, which will be used to refine its development programme and engineering for the southern Rukwa area.

Galactica‑Pegasus Project in Colorado, USA

Beyond Tanzania, Helium One Global also owns a 50% working interest in the Galactica‑Pegasus helium development project in Las Animas County, Colorado, USA. Company announcements specify that this project is operated by Blue Star Helium Ltd (ASX: BNL). Helium One’s disclosures describe Galactica‑Pegasus as a helium and CO₂ development project that has progressed through a six‑well development drilling campaign.

Regulatory news indicates that this six‑well programme was successfully completed in the first half of 2025. The company describes the campaign as a systematic approach to developing the Lyons Formation reservoir, reporting that the wells have consistently encountered helium and CO₂ concentrations in the target formation and have demonstrated promising flow potential. According to Helium One, the initial Galactica facility development and site preparatory work have largely been completed, relevant construction permits are in place, and engineering for the gas gathering system and processing facilities is nearing completion.

Helium One’s announcements further state that the Galactica plant processing facility is expected to be ramped up as wells are tied into production, with the project aimed at progressing the helium and CO₂ discoveries towards near‑term commercial production. The company emphasises that the completion of the development programme at Galactica‑Pegasus is a key component of the broader development strategy for this project.

Licences, Project Areas and Geographic Focus

In its published notes to editors, Helium One Global explains that it holds helium licences within two distinct helium project areas on two continents: the southern Rukwa Project in Tanzania and the Galactica‑Pegasus project in Colorado, USA. The company describes itself as having an expanding global footprint based on these project positions.

Within Tanzania, Helium One has indicated that it continues to review geological regions in the country for helium potential and remains opportunistic regarding future prospecting licence applications. At the same time, it has reported that certain prospecting licences in southern Rukwa reached the end of their final renewal term and were relinquished, with the company’s focus shifting to the 480 km² Mining Licence area for development.

Capital Markets and Funding Activity

Helium One Global’s regulatory announcements describe several capital markets and funding activities that support its exploration and development plans. The company has reported entering into an investment agreement with institutional investors arranged by Marex Financial, providing an advance of £10 million to fund the next phase of operations in Tanzania and the US. Under the terms disclosed, the investors may elect to convert the advance into ordinary shares at a conversion price linked to a percentage of the volume‑weighted average price (VWAP) of the company’s shares over a defined period, subject to a floor mechanism.

In addition, Helium One has announced a WRAP Retail Offer via the Winterflood Retail Access Platform to raise up to £1,000,000 through the issue of new ordinary shares at a specified issue price. Subsequent announcements state that the WRAP Retail Offer was oversubscribed and that the company raised approximately £1 million, issuing new ordinary shares that rank pari passu with existing shares. The company has also reported multiple conversion notices from investors under the investment agreement, resulting in the allotment of new ordinary shares and corresponding changes in the total issued share capital.

These disclosures illustrate that Helium One Global makes use of both institutional investment agreements and retail offers to finance its ongoing exploration, appraisal and development work in Tanzania and Colorado. The company’s announcements also reference admission of new shares to trading on AIM and provide updated total voting rights figures following each issuance.

Trading Venues and Delisting from OTCQB

Helium One Global has stated that its shares are admitted to trading on the AIM market of the London Stock Exchange, which it identifies as its primary trading venue. The company has also been quoted on the OTCQB Venture Market in the United States under the symbol HLOGF. In a later announcement, Helium One disclosed that it notified OTC Markets Group Inc. of its intention to voluntarily delist its ordinary shares from trading on the OTCQB Venture Market. The company explained that, after reviewing trading volumes, costs and the visibility gained in the US market, the board concluded that continued quotation on OTCQB did not provide sufficient benefit to justify the associated costs.

Helium One’s statement on this matter clarifies that, despite the voluntary delisting from OTCQB, its shares will continue to be admitted to trading on AIM, which remains the company’s primary trading venue. This provides context for investors tracking the HLOGF symbol in the United States while recognising that the underlying company emphasises its AIM listing as central to its capital markets presence.

Corporate Governance and Board Developments

Company announcements also provide insight into Helium One Global’s governance arrangements. The company has reported the appointment of a non‑executive director to its board following completion of regulatory due diligence, as well as a change in role for an existing board member who moved from a senior independent non‑executive director position into an executive role focused on governance and compliance. These disclosures highlight the company’s attention to board composition and governance structures as it advances its projects.

Position within the Energy and Helium Sector

Within the broader energy sector, Helium One Global positions itself specifically around helium exploration and development rather than general oil and gas production. Its public statements emphasise helium‑focused projects in Tanzania and Colorado and refer to the potential to contribute to resolving a supply‑constrained helium market. This positioning aligns with its classification in the Oil & Gas Exploration & Production industry while underscoring its concentration on helium resources.

Investors researching HLOGF or HE1 can use these characteristics—helium‑focused exploration, flagship Tanzanian project, 50% working interest in a US development project, and AIM listing—as key reference points when assessing the company’s profile within the energy sector.