REG - Helium One Global Ld - Southern Rukwa Helium Project Update

Helium One GlobalAnnouncement

22/09/2025 07:00

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RNS Number : 1506A  Helium One Global Ltd  22 September 2025

 

 

 

22 September 2025

 

Helium One Global Ltd

("Helium One" or the "Company")

 

Southern Rukwa Helium Project Update

 

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 ("the Galactica Project"), provides an update on the Company's
southern Rukwa Helium Project.

 

Highlights

·      Purchase agreement executed for Electrical Submersible Pump ("ESP")
and associated equipment

·      Equipment to be provided by the CenerTech Group, which is part of
the Chinese National Offshore Company (CNOOC)

·      Civils work commenced at site for water disposal during ESP
operations

·      On track to commence ESP operations at ITW-1 in Q4 2025

 

Lorna Blaisse, Chief Executive Officer, commented:

"We are delighted to be advancing towards the next operational phase of
development at ITW-1 in southern Rukwa. The ESP operations will enable us to
increase flow rates and gain greater information on gas composition from the
fractured Basement and Karoo intervals. We look forward to providing further
updates as operations commence and progress."

 

 

Advancement of Next Phase of Operations in Southern Rukwa, Tanzania

 

The purchase contract and Quality Assurance/Quality Control process for the
ESP and associated equipment were completed during a recent visit by Company
personnel to CenerTech's manufacturing facility in China. Additional civils
work at the ITW-1 wellsite have commenced, predominately to allow for water
disposal. This operation will enable the Company to flow the well at
significantly higher flow rates in order to gain a greater understanding of
the source of the water in which the helium is in solution and establish the
optimum production rates that will yield maximum helium concentrations. This
information will be used to further enhance and evaluate the development
programme and engineering.

 

Expiry of Prospecting Licences ("PL") in Southern Rukwa, Tanzania

Two PLs held by the Company (PL 10881 and PL 10882) have reached the end of
their second and final renewal term and automatically lapsed on 21(st)
September 2025. The Company has fully relinquished these expired PLs and will
focus on the southern Rukwa development within the 480km(2) developable Mining
Licence area.

The Company continues to review all geological regions of Tanzania for helium
potential and remains opportunistic for future PL applications.

 

 

Voluntary Delisting on the OTCQB Venture Market

 

The Company has notified OTC Markets Group Inc. of its intention to
voluntarily delist the Company's ordinary shares from trading on the OTCQB
Venture Market ("OTCQB").

 

The decision to delist from OTCQB was made following a review of trading
volumes, costs, and the subsequent visibility that was hoped to be gained in
the US market. The Board concluded that the continued quotation on OTCQB does
not provide sufficient benefit to the Company or its shareholders to justify
the associated costs.

 

The Company's shares will continue to be admitted to trading on the AIM market
of the London Stock Exchange, which will remain the Company's primary trading
venue.

 

The Company has requested that Its shares are delisted from OTCQB with effect
from Tuesday 30 September 2025. Further announcements will be made as
appropriate.

 

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

 Gaya Bhatt

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

 Simon Johnson

 Louisa Waddell

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 

 

 

 

 

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.

 

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