REG - Helium One Global Ld - Passing of Resolution at General Meeting

Helium One GlobalAnnouncement

05/08/2025 13:00

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RNS Number : 0796U  Helium One Global Ltd  05 August 2025

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THIS ANNOUNCEMENT MAY CONTAIN CERTAIN STATEMENTS ABOUT THE FUTURE OUTLOOK FOR
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INFLUENCED BY FACTORS THAT COULD CAUSE ACTUAL OUTCOMES AND RESULTS TO BE
MATERIALLY DIFFERENT.

 

5 August 2025

 

Helium One Global Ltd

("Helium One" or the "Company")

 

Passing of Resolution at General Meeting

 

 

Helium One Global Ltd (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 that at a General Meeting of
Shareholders held earlier today, a Resolution was passed authorising the
Directors to allot Ordinary Shares on a non-pre-emptive basis (the
"Resolution"). The result of the Proxy voting was as follows:

 

For
523,382,914

Against
 11,837,808

Withheld                                         4,969,722

 

Pursuant to the passing of the Resolution, the £10 million Investment
Agreement that was announced on 18 July will now complete subject to closing
formalities.

 

In addition, the Company now plans to launch a retail offer to existing
shareholders via the Winterflood Retail Access Platform to raise up to
£1,000,000 and further details will be announced shortly.

 

 

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

 

 

 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 and the
480km(2) 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 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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