REG - Helium One Global Ld - Signing Ceremony and Advisors Appointed

Helium One GlobalAnnouncement

Tue 07:00

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RNS Number : 9089C  Helium One Global Ltd  05 May 2026

 

 

5 May 2026

Helium One Global Ltd

("Helium One" or "the Company")

Signing Ceremony for the Southern Rukwa Helium Project Mining Licence

Advisors Appointed for Farm-Out Process

 

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 that the formal signing ceremony for
the award of the Company's Mining Licence over the southern Rukwa Helium
Project was held on Saturday 2 May 2026.

 

Signing Ceremony for the Southern Rukwa Helium Project Mining Licence

The ceremony, held in the Songwe region of Tanzania close to the Company's
flagship development project, marks the formal completion and execution of the
agreements that support the Mining Licence which was awarded to the Company in
July 2025.  The Company and the Government of Tanzania have now executed the
Framework Agreement, and the Shareholders' Agreement under the newly formed
joint venture company, Songwe Helium Ltd, in which Helium One holds an 83%
interest.

Lorna Blaisse, Chief Executive Officer, and Graham Jacobs, Commercial and
Finance Director, together with the Directors of Songwe Helium Ltd. and the
Company's senior in-country team attended the ceremony with representatives
from the Government of Tanzania, Ministry of Minerals and the Mining
Commission.

The Mining Licence is the first helium licence awarded in Tanzania, and covers
an area of 480km(2), the largest mining licence area ever awarded in the
country.

 

Farm Out Advisors Appointed

The Company is also pleased to announce that PVE Consulting Ltd ("PVE") have
been formally engaged to lead the farm-out process for the southern Rukwa
Helium Project.  PVE is an international advisory consulting firm with 20
plus years' experience providing management services across the upstream
sector.   PVE has been engaged by a number of companies across Africa and
other regions on high-level mandates in transaction support and exploration
and production campaigns.

PVE have been mandated to progress discussions with potential industry
partners and seek external investment to advance the project towards
development.

 

 

Lorna Blaisse, CEO of Helium One, commented:

"This event marks a historic milestone for both the Company, and for the
Government of Tanzania.  It marks the continuation of a ten-year relationship
between Helium One and the Ministry of Minerals and Mining Commission.

We look forward to continuing this partnership with the Government going
forward, under the joint venture company, Songwe Helium Ltd, particularly at
such a crucial time for the helium sector as demand for this critical resource
continues to rise.

I wish to thank the Government of Tanzania, the University of Dar es Salaam,
all our stakeholders and the local communities where we operate who have all
continued to support us as we progress this globally strategic project towards
its development. I also wish to thank the Helium One team for their continued
hard work in delivering this project.

This milestone comes at a time where we are also focused on launching our
strategic farmout process for the southern Rukwa Project to select a suitable
industry partner and we are pleased to have appointed PVE to lead this
process.

We look forward to providing further updates as we drive forward the
development of our southern Rukwa Helium Project."

 

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

 Piers Shimwell

 Phoebe Bunce

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

 Simon Johnson

 Louisa Waddell

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 Saskia Sizen

 

 

Notes to Editors

Helium One Global is 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 and 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 is 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 awarded to the newly formed, joint venture company Songwe
Helium Ltd in July 2025.

 

In May 2026, the Company and the Government of Tanzania completed the formal
award of the ML when the supporting agreements were executed at an official
signing ceremony in the Songwe Region. close to the Company's southern Rukwa
Helium Project.

 

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 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 initial Galactica wells were tied into first gas in Q4
2025, with further wells coming onstream in 2026 for both helium and CO(2)
production.

 

 

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