REG - Helium One Global Ld - Appointment of New Non-Executive Director

Helium One GlobalAnnouncement

03/07/2025 07:00

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RNS Number : 4813P  Helium One Global Ltd  03 July 2025

 

 03 July 2025

Helium One Global Ltd

("Helium One" or "the Company")

 

Appointment of New Non-Executive Director

 

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a
50% working interest in the Galactica-Pegasus helium development project
in Colorado, USA is pleased to announce the appointment of Nishant Dighe as a
non-Executive Director of the Company, subject to the completion of due
diligence required by the AIM Rules for Companies and AIM Rules for Nominated
Advisers (the "AIM Rules") to be undertaken by the Company's Nominated
Adviser. A further announcement, including the requisite Schedule 2(g)
disclosures required under the AIM Rules for Companies, will be made in due
course.

Nishant has an extensive background in engineering and business, holding a
Masters in both Chemical Engineering and Petroleum Engineering from Imperial
College London, as well as an MBA from Warwick Business School.  He has over
thirty years of experience across a broad range of organisations, including
roles at ExxonMobil, strategic consultancy with Marakon Associates, and as COO
and interim CEO of Oslo-listed Panoro Energy.  Most recently he served as CEO
of RAK Gas, the National Oil and Gas Company of Ras Al Khaimah, UAE, and as
CEO of the RAK Petroleum Authority.

 

James Smith, Chairman of Helium One, commented:

"I would like to welcome Nish to our Board of Directors. He brings a very
considerable wealth of experience and knowledge to our Company, and I have no
doubt that he will make a valuable contribution to our development and
progress across all our current and future assets."

 

Nish Dighe commented:

"I am delighted to be joining the Board at such an exciting time in the
Company's journey.  I look forward to working with the other Directors and
the Management Team to support the Company's strategic ambitions and
contribute to its continued growth and success."

 

For further information please visit the Company's website: www.helium-one.com
(http://www.helium-one.com)

 

 

 

Contact

 Helium One Global Ltd                                         +44 20 7920 3150

 Lorna Blaisse, CEO

 Graham Jacobs, Finance and Commercial Director

 Panmure Liberum Limited (Nominated Adviser and Joint Broker)  +44 20 3100 2000

 Scott Mathieson

 Nikhil Varghese

 Zeus Capital Limited (Joint Broker)                           +44 20 3829 5000

 Simon Johnson

 Louisa Waddell

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Tara Vivian-Neal

 

 

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 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. The
480km(2) 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) 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 CO(2) 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 CO(2) 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 and on the OTCQB in the United States with the ticker HLOGF.

 

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