REG - Helium One Global Ld - Southern Rukwa Mining Licence – Formal Acceptance

Helium One GlobalAnnouncement

31/03/2025 07:15

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RNS Number : 8619C  Helium One Global Ltd  31 March 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

31 March 2025

 

 

Helium One Global Ltd

("Helium One" or "the Company")

Southern Rukwa Mining Licence - Formal Acceptance

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 provide the following update on its southern
Rukwa Helium project in Tanzania.

 

Highlights

§ The Company has formally accepted the offer of a Mining Licence ("ML") for
the southern Rukwa Helium Project as issued by the Mining Commission ("MC") in
Tanzania

§ The area granted by the Mineral Right is the entire 480km(2) that was
applied for in September 2024, and covers the southern Rukwa Helium province
in the Momba, Sumbawanga Urban Districts in the southern Rukwa Basin

§ The National Environment Management Council ("NEMC") and Ministry of
Environment in Tanzania have also completed their review of the Environmental
and Social Impact Assessment ("ESIA") that was filed as part of the ML
application, and the ESIA has been approved and an Environmental Impact
Certificate ("EI Certificate") has now been issued to the Company

§ Pursuant to acceptance of the offer, the Company has also paid the first
annual license fee and anticipates the formalities of the award to be
completed shortly

§ The next steps will be the formal award of the ML, and the completion and
execution of Regulatory Framework Agreements

 

Lorna Blaisse, Chief Executive Officer, commented:

"We are very pleased to have accepted this offer of the first helium ML in
Tanzania and we look forward to further appraising and developing this
project. The Company acknowledges the effort of the MC that has gone into
reviewing and analysing the ML application and their understanding that has
resulted in an ML that is significantly larger than one normally issued for a
standard mineral project in order to accommodate the helium play that extends
over a larger fractured and faulted sub-surface area. Following a formal
award, the Company will continue the planning stage for moving this project
forward towards development.

It is a huge achievement for the Company to have progressed from flowing first
helium to surface in August 2024 (following the extended well test at Itumbula
West-1), to receipt of a ML in just over six months. This reflects the
dedicated team we have in place, as well as the established relationships we
have in-country, and I would like to extend my sincere thanks to the Mining
Commission and the Ministry of Minerals for their continued support."

 

Details

Further to the Notification of the Grant of a Mineral Right that was made by
the MC at the end of February 2025 and announced by the Company on 3 March
2024, the Company has now formally accepted the offer and, pursuant to
relevant legislation, has also paid in advance the licence fee for the first
12 months.

NEMC have also completed their review of the ESIA report that formed part of
the ML application and have now formally awarded the Company with an EI
Certificate.

The next step in this process will be the formal award of the ML, and the
completion and execution of Regulatory Framework Agreements. These are the
agreements and documents that govern the establishment of a joint venture
company, to be owned by both the Company and the Government of Tanzania, that
will develop the southern Rukwa Helium project.

The Company will make further announcements as this process continues.
 

 

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 AIM-listed Tanzanian explorer, holds prospecting
licences across two distinct project areas, with the potential to become a
strategic player in resolving a supply-constrained helium market.

The Rukwa and Eyasi projects are located within rift basins on the margin of
the Tanzanian Craton in the north and southwest of the country. These assets
lie near surface seeps with helium concentrations ranging up to 10.4% helium
by volume. All Helium One's licences are held on a 100% equity basis.

The Company's flagship southern Rukwa Project is located within the southern
Rukwa Rift Basin in south-west Tanzania.  This project is considered to be
entering an appraisal 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, successfully flowed 5.5% helium continually
to surface in Q3 2024.

Following the success of the extended well test, the Company flowed
significant quantities of helium to surface and 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).

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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