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

Helium One GlobalAnnouncement

19/01/2026 07:00

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RNS Number : 3317P  Helium One Global Ltd  19 January 2026

 

19 January 2026

 

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, provides an update on the Company's southern Rukwa Helium
Project.

 

Commencement of Electrical Submersible Pump ("ESP") Testing at ITW-1

Following the completion of wireline logging and the full mobilisation of
equipment and personnel to site, the Company is pleased to announce that the
ESP testing phase has commenced at the ITW‑1 well.

 

All downhole tools and surface control equipment has now undergone the
required checks and verification procedures prior to deployment. The ESP
assembly is running in hole and will be positioned to allow further evaluation
of the fractured Basement and Karoo intervals, through increased flow rates
and enhanced helium production from these deeper geological zones.

 

Once the ESP is set at the designated depth and the tubing hanger has been
successfully tested, a final function test will be carried out before the well
is opened and the pump activated. It is anticipated that this testing phase
will take two to three weeks to complete.

 

The Company will provide further updates as operations progress.

 

 

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

 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, 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 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 production in Q4
2025, with further wells coming onstream in 2026 for both helium and CO(2)
production.

 

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