REG - Helium One Global Ld - Unaudited Interim Results
Yesterday 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260326:nRSZ1692Ya&default-theme=true
RNS Number : 1692Y Helium One Global Ltd 26 March 2026
26 March 2026
Helium One Global Ltd
("Helium One" or the "Company")
Unaudited Interim Results for Six Months Ended 31 December 2025
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"), is pleased to announce its
unaudited condensed and consolidated results for the six months ended 31
December 2025.
Summary
· Formally awarded a 480km(2) Mining Licence ("ML") for the southern
Rukwa Helium Project, the first helium ML to be awarded in Tanzania
· Commenced Electrical Submersible Pump ("ESP") operations at ITW-1 at
the southern Rukwa Helium Project
· First gas achieved in December 2025 from the Galactica Project,
operated by our JV partner Blue Star Helium
· Raised net proceeds of approximately £8.1 million through Investment
Agreement and WRAP Retail Offer
· Appointment of Nishant Dighe as Non- Executive Director
· Sarah Cope appointed as an Executive Director and Head of Governance
and Compliance
Post Balance sheet events:
In Tanzania, successful completion of ESP testing at ITW-1:
· Produced the equivalent of more than 250,000 barrels ("bbl") of water
over a testing period of 20 days, with flow rates of up to an equivalent of
16,400 barrels per day ("bpd") - a six-fold increase in flow rate, compared
with natural flow during the 2024 Extended Well Test ("EWT")
· Sustained helium concentrations of 5.4% (air corrected) with a
maximum concentration of 9.2% (air corrected) at surface
At the Galactica Project in the USA, the operator has today reported;
· Six wells now tied into the Pinon Canyon facility, including
Jackson-2 and Jackson-4, completing Stage one of the Galactica development
campaign
· Facility transitioning to continuous 24/7 operations following
completion of automation and system upgrades
· First helium sales agreed at spot pricing for the initial tube
trailer; second trailer expected on-site shortly
Outlook:
· Formal process for the Strategic farmout to commence to identify and
select a suitable industry partner for the continued development of the
southern Rukwa Helium Project
· At the Galactica Project, the Operator reports that CO₂
liquefaction remains on track for H1 2026, with Jackson-27 tie-in timed to
coincide with commencement of CO₂ sales
· The Operator reports strong market tailwinds for advancing
discussions for long-term helium and CO₂ offtake
· Infill wells at the Galactica Project are expected to provide
additional revenue opportunities
James Smith, Chairman, commented:
"This has been a hugely significant period for the Company across both our
projects. We have further demonstrated the potential of the southern Rukwa
Helium Project and are now pushing ahead seeking a strategic partner to assist
with its future development; whilst, with our partner Blue Star, achieving
first gas in the US.
The year ahead promises to be another major year for the Company as we look to
further advance Tanzania towards development whilst increasing production and
revenue by adding more tie-in wells in the US.
We look forward to providing appropriate updates on both our projects in due
course on what the Board believe will be a pivotal year for the Company."
Lorna Blaisse, Chief Executive Officer, commented:
"The first half of the year has seen us progress both our projects
significantly.
In Tanzania, we were delighted to be awarded the ML and then successfully
commence the ESP operational phase which subsequently further demonstrated the
potential that we believed we had at the ITW-1 development; whilst the US saw
us deliver the Company's first helium gas from the Pinon Canyon Plant in
Colorado.
Looking forward, 2026 promises to be another busy year. In the US we are
planning to add to the production capacity we already have and at the same
time build on the operational success that we have achieved in Tanzania, gain
an industry partner and advance this project towards commercial development.
I would also like to take this opportunity to thank our shareholders,
partners, and employees as well as the Ministry of Minerals and Mining
Commission in Tanzania and the communities where we operate for their
continued support and commitment as we look to further deliver our strategy
and advance both our projects."
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 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
advancing to a development stage following the success of the 2023/24
exploration drilling campaign, which proved a helium discovery at Itumbula
West-1 and, following an 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 was 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.
Chairman's Statement
Helium One Global Limited Interim Results for the Six Months Ended 31 December
2025
The first half of the financial year has been one of the most defining periods
in Helium One's journey to-date. As we continue our transition from explorer
to producer, the Company has delivered meaningful progress across both our
Tanzanian and US operations. The period being reported was characterised by
disciplined execution, strengthened operational capability, and the
achievement of milestones that position Helium One for what the Board believe
will be a transformational year for the Company.
A Year of Strategic Consolidation and Delivery
The six months to 31 December 2025 were shaped by our commitment to building a
diversified, resilient helium business capable of supplying a market where
demand continues to outpace reliable supply. Against this backdrop, our focus
remained on two fronts: advancing our flagship Tanzanian assets towards
development and supporting the operations of the Galactica‑Pegasus project
in Colorado, where the Company holds a 50% working interest.
Progress in Tanzania - A Foundation for Long‑Term Growth
In July 2025, we announced the award of the mining licence ("ML") for the
southern Rukwa Helium Project, a milestone that cannot be overstated. This
licence is not only the first helium ML to be awarded in Tanzania but it is
also one of the largest MLs ever awarded in the country, and provides the
regulatory certainty required to progress toward future development planning
and underscores the Tanzanian Government's continued support for helium as a
strategic resource.
Southern Rukwa remains central to our long‑term growth ambitions. The
licence award marks the transition from exploration to the early stages of
development planning, and it provides a platform from which we can unlock the
significant potential of this globally unique helium province.
Galactica‑Pegasus - Delivering on Our Near‑Term Production Strategy
The period also saw substantial progress at the Galactica‑Pegasus project in
Colorado, operated by our joint‑venture partner Blue Star Helium.
Throughout September and October 2025, we reported a series of operational
updates confirming that the project remained firmly on schedule for first gas
by the end of 2025. Key achievements included:
· Completion of site preparation and foundational civil works.
· Securing all necessary construction permits and finalising
contractor appointments.
· Advancing the gathering system design, with installation
scheduled to commence shortly thereafter.
These milestones reflected a project moving confidently from planning into
execution, supported by strong operational oversight and a clear pathway to
production; with successful first gas achieved on 22 December 2025.
Post‑Period Developments - A Transformational Step Forward
At the southern Rukwa Helium Project, we announced the commencement of our
successful ESP operational phase at ITW-1. The ESP testing programme
represented an important operational milestone for Helium One and further
demonstrated the production potential of the southern Rukwa Helium Project.
The testing delivered consistent and reliable operational performance, with
ESP flow rates exceeding expectations and sustained helium concentrations in
line with anticipated ranges. Whilst the gas water ratio was towards the lower
end of the expected outcome range, the results provide valuable technical
insight which supports the Company's understanding of the subsurface system.
Importantly, the operational success of this programme provides a strong
foundation for the Company to progress discussions with potential industry
partners and seek external investment to advance the project towards
development. The Company is now commencing this process.
The Board looks forward to updating shareholders as the Company continues to
advance the southern Rukwa Helium Project towards commercial development.
The achievement of first gas at the Galactica helium plan also marked the
Company's transition from developer to early‑stage producer - a milestone
that reflects years of technical work, partnership, and perseverance.
Commissioning activities at the Galactica Project continued through January
and February 2026, with the facility expected to ramp up progressively as
additional wells are brought online during the first half of 2026.
The amine unit at site has now been commissioned and the Operator has advised
that the Pinon Canyon Plant has commenced integrated operations. Raw gas is
now being processed through the amine unit to remove CO₂, with the resulting
helium-enriched stream being refined through the HRU before being pumped into
the tube trailer.
The Operator today reported successful completion of the installation and
testing of wellsite equipment at the Jackson-4 and Jackson-2 wells. Both wells
are now available for production and have been integrated into the Pinon
Canyon facility gathering system bringing the total number of wells tied to
the plant to six including Jackson-2, Jackson-4, Jackson-31, Jackson-29,
State-9, and State-16.
The Operator further reported that the facility has been operating during
daylight hours through a maintenance and optimisation phase and has
intermittently produced gas into the onsite tube trailer during this period.
Following the completion of automation, maintenance and system upgrades, the
Operator is transitioning to continuous 24/7 operations.
Negotiations are progressing with multiple parties for long-term helium and
CO₂ supply contracts. The strategy remains focused on a balanced mix of
spot pricing and long-term contracts to maximize value as the Pinon Canyon
Plant ramps up to full capacity.
These early operational steps represent the beginning of a new chapter for
Helium One, one in which we expect to generate our first revenues and
establish a commercial presence in the global helium market.
Financial Discipline and Strategic Focus
Throughout the period, the Board maintained a disciplined approach to capital
allocation. Our investment decisions remained tightly aligned with our
strategic priorities: advancing high‑impact assets, supporting near‑term
production, and preserving balance‑sheet flexibility. This approach ensures
that Helium One remains well positioned to deliver value as our projects
mature.
During the period under review, the Company also raised a total of
approximately £8.8 million gross (£8.1m net) to further advance both its
helium projects in southern Rukwa, Tanzania and in Colorado, USA.
Looking Ahead
As we enter 2026, Helium One stands at an inflection point. The foundations
laid over the past six months - and indeed over the past several years - are
now translating into tangible operational outcomes.
Our priorities for the remainder of the financial year include:
· Further evaluation of the ESP test at southern Rukwa Helium
Project.
· Formal launch of farmout process to identify and select a
suitable industry partner for development of the southern Rukwa Helium
Project.
· Completing commissioning and ramp‑up at Galactica-Pegasus.
· Advancing commercial discussions for helium and CO₂ offtake
agreements at Galactica.
The Board remains confident in the Company's strategic direction and the
quality and potential of its asset base. We are entering a period of
significant opportunity, supported by a global helium market that continues to
face structural supply constraints and look forward to delivering meaningful
progress across our portfolio as we ramp up production in the USA whilst
moving southern Rukwa towards development.
I would like to extend my sincere thanks to our shareholders, partners, and
employees as well as the Ministry of Minerals and Mining Commission in
Tanzania and the communities where we operate for their continued support and
commitment. Together, we are building a company with the potential to play a
meaningful role in securing future helium supply for critical industries
worldwide.
James Smith
Chairman
26 March 2026
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Notes 6 months to 31 December 2025 Unaudited 6 months to 31 December 2024 Unaudited
$ $
Continuing operations
Revenue - -
Administration expenses 4 (1,716,085) (1,971,822)
Operating loss (1,716,085) (1,971,822)
Finance income 47,815 43,926
Loss for the period before taxation (1,668,270) (1,927,896)
Taxation - -
Loss for the period from continuing operations (attributable to the equity (1,668,270) (1,927,896)
holders of the parent)
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations 2,577,881 112,150
Total comprehensive profit/(loss) for the period (attributable to the equity 909,611 (1,815,746)
holders of the parent)
Attributable to:
Owners of the parent 911,806 (1,815,746)
Non-controlling interests (2,195) -
909,611 (1,815,746)
Earnings per share:
Basic and diluted earnings per share (cents) 5 (0.02)c (0.03)c
CONDENSED CONSOLIDATED BALANCE SHEET
As at As at As at
31 December 2025 Unaudited 30 June 2025 Audited 31 December 2024 Unaudited
$ $ $
Notes
ASSETS
Non-current assets
Intangible assets 7 55,602,322 45,700,237 39,192,682
Property, plant & equipment 9 4,180,354 2,585,942 3,037,838
Other receivables 1,704,964 1,334,413 1,524,136
Total non-current assets 61,487,640 49,620,592 43,754,656
Current assets
Trade and other receivables 188,283 1,119,942 1,198,997
Cash and cash equivalents 5,115,452 3,152,755 10,021,699
Total current assets 5,303,735 4,272,697 11,220,696
Total assets 66,791,375 53,893,289 54,975,352
LIABILITIES
Current liabilities
Trade and other payables 1,259,577 690,442 371,807
Total liabilities 1,259,577 690,442 371,807
Net assets 65,531,798 53,202,847 54,603,545
EQUITY
Share premium 8 104,211,115 93,326,452 93,305,620
Other reserves 7,081,705 3,969,147 1,985,432
Retained earnings (45,758,827) (44,092,752) (40,687,507)
Non-controlling Interest (2,195) - -
Total equity 65,531,798 53,202,847 54,603,545
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Share premium Other reserves Retained earnings Non-Controlling Interest Total equity
$ $ $ $ $
Balance as at 1 July 2024 85,130,910 1,099,797 (38,759,611) - 47,471,097
Comprehensive income
Loss for the period - - (1,927,896) - (1,927,896)
Currency translation differences - 112,150 - - 112,150
Total comprehensive loss for the period - 112,150 (1,927,896) - (1,815,746)
Transactions with owners recognised directly in equity
Share based payments - 773,485 - - 773,485
Shares issued for services 236,863 - - - 236,863
Issue of shares 8,448,669 - - - 8,448,669
Cost of share issue 510,822) - - - (510,822)
Total transactions with owners 8,174,710 773,485 - - 8,948,194
Balance as at 31 December 2024 (unaudited) 93,305,620 1,985,432 (40,687,507) - 54,603,545
Comprehensive income
Loss for the period - - (3,571,788) - (3,571,788)
Currency translation differences - 530,128 - - 530,128
Total comprehensive income for the period - 530,128 (3,571,788) - (3,041,660)
Transactions with owners recognised directly in equity
Adjustment In respect of prior year depreciation capitalised - - 279,959 - 279,959
Issue of shares 14,818 - - - 14,818
Adjustment in respect of prior year share issue cost 6,014 - - - 6,014
Expiry of options during the period - (128,029) 128,029 - -
Revaluation of prior year options - 241,445 (241,445) - -
Share based payments - 1,340,171 - - 1,340,171
Cost of share issue - - - - -
Expiry of share options - - - - -
Total transactions with owners 20,832 1,453,587 166,543 1,640,962
-
Balance as at 30 June 2025 (audited) 93,326,452 3,969,147 (44,092,752) - 53,202,846
Comprehensive income
Loss for the period - - (1,666,075) (2,195) (1,668,270)
Currency translation differences - 2,577,881 - - 2,577,881
Total comprehensive loss for the period 2,577,881 (1,666,075) (2,195) 909,611
-
Transactions with owners recognised directly in equity
Share based payments - 534,677 - - 534,677
Issue of shares 11,926,560 - - - 11,926,560
Cost of share issue (1,041,896) - - - (1,041,896)
Total transactions with owners 10,884,663 534,677 11,419,340
- -
Balance as at 31 December 2025 (unaudited) 104,211,115 7,081,705 (45,758,827) (2,195) 65,531,798
CONDENSED CONSOLIDATED CASH FLOW STATEMENT
6 months to 31 December 2025 Unaudited 6 months to 31 December 2024 Unaudited
Notes $ $
Cash flows from operating activities
Loss before taxation (1,668,270) (1,927,896)
Adjustments for:
Depreciation & amortisation 14,450 226,968
Depreciation capitalised to exploration (278,501) -
Shares issued for services - 236,863
Share based payments 534,677 773,485
Net finance income (47,815) (43,926)
Decrease/ (increase) in trade and other receivables 561,107 (11,595)
(Decrease)/ increase in trade and other payables 569,134 (1,212,760)
Foreign Exchange 137,279 60,673
Net cash used in operating activities (117,938) (1,898,188)
Cash flows from investing activities
Purchase of Plant & Equipment (1,608,862) (298,092)
Expenditure on intangible assets 7 (6,446,993) (7,462,993)
Net cash used in investing activities (11,232,446) (7,761,085)
Cash flows from financing activities
Interest received on funds invested 47,815 43,296
Proceeds from the issue of shares 11,926,560 8,448,669
Cost of share issue (1,041,896) (510,822)
Net cash generated from financing activities 10,932,479 7,981,773
Net decrease in cash and cash equivalents (477,905) (1,677,500)
Cash and cash equivalents at beginning of period 3,152,755 11,647,723
Exchange movement on cash (735,989) 51,477
Cash and cash equivalents at end of period 5,115,452 10,021,699
NOTES TO THE INTERIM FINANCIAL STATEMENTS
1. General Information
The principal activity of Helium One Global Limited (the 'Company') and its
subsidiaries (together the 'Group') is the exploration and development of
helium gas resources. The Company is incorporated and domiciled in the British
Virgin Islands. The address of its registered office is 171 Main Street, PO
Box 92, Road Town, Tortola, British Virgin Islands, VG110. The Company's
shares are listed on the AIM Market of the London Stock Exchange ('AIM') and
the Frankfurt Stock.
2. Basis of Preparation
The condensed consolidated interim financial statements have been prepared in
accordance with the requirements of the AIM Rules for Companies. As an AIM
listed Company, the company is entitled to exemption from adopting IAS 34 and
this exemption has been taken to the effect that segment information is not
disclosed. The condensed consolidated interim financial statements should be
read in conjunction with the annual financial statements for the year
ended 30 June 2025. The interim consolidated financial statements have been
prepared in accordance International Financial Reporting Standards (IFRS) and
IFRS Interpretations Committee (IFRS IC) interpretations as adopted by the
European Union applicable to companies under IFRS and in accordance with AIM
Rules, which have not differed from the previously EU-endorsed IFRS, and hence
the previously reported accounting policies still apply. The financial
statements are prepared on the historical cost basis or the fair value basis
where the fair valuing of relevant assets or liabilities has been applied. The
interim report has not been audited or reviewed by the Company's auditor.
Critical Accounting Estimates
The preparation of condensed consolidated interim financial statements in
conformity with IFRS requires management to make judgements, estimates and
assumptions that affect the application of policies and reported amounts of
assets and liabilities, income and expenses. The estimates and associated
assumptions are based on historical experience and factors that are believed
to be reasonable under the circumstances, the results of which form the basis
of making judgements about carrying values of assets and liabilities that are
not readily apparent from other sources. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.
Changes in accounting estimates may be necessary if there are changes in the
circumstances on which the estimate was based, or as a result of new
information or more experience. Such changes are recognised in the period in
which the estimate is revised. Significant items subject to such estimates are
set out in Note 4 of the Company's 2025 Annual Report and Financial
Statements. The nature and amounts of such estimates have not changed
significantly during the interim period.
Risks and Uncertainties
The Board continuously assesses and monitors the key risks of the business.
The key risks that could affect the Company's medium term performance and the
factors that mitigate those risks have not substantially changed from those
set out in the Company's 2025 Annual Report and Financial Statements, a copy
of which is available on the Company's website: www.helium-one.com
(http://www.helium-one.com/) . (http://www.helium-one.com/) The key financial
risks are liquidity risk, credit risk, interest rate risk and fair value
estimation.
The consolidated Financial Statements have been prepared on the going concern
basis. The Directors have taken into account all relevant available
information about the current and future position of the Group, including
current level of resources and the required level of spending on exploration
and evaluation activities. The Group meets its working capital requirements
from its cash and cash equivalents.
The Condensed interim financial statements were approved by the Board of
Directors on 23 March 2026.
3. Accounting Policies
The accounting policies adopted are consistent with those used in the
preparation of the Company's 2025 Annual Report and Financial Statements and
corresponding interim reporting period. There were no new or amended
accounting standards that required the Group to change its accounting
policies. The directors also considered the impact of standards issued but
not yet applied by the Group and do not consider that there will be a material
impact of transition on the financial statements.
Interest in Joint Arrangements
The Group has a non-controlling interest arising from a minority shareholding
in Songwe Helium Limited which is incorporated in Tanzania. As at 31 December
2025, a 17% interest in Songwe Helium Limited is held by the Treasury
Registrar of Tanzania, an entity that is not part of the consolidated Group.
The remaining 83% is owned by East Africa Holdings which is a wholly owned
subsidiary of the Group. Shongwe Helium Tanzia exercises standard minority
shareholder rights only and does not have the ability to direct the relevant
activities of the subsidiary.
Management has assessed that the Parent retains control over Shongwe Helium
Tanzania because it:
· Owns the majority voting interest
· Has the current ability to direct relevant operational and financial
activities, and
· Is exposed to the majority of variable returns.
Accordingly, Shongwe Helium Tanzania is fully consolidated, and the interest
held by the Treasury Registrar on Tanzania is recognised as a non-controlling
interest.
Costs incurred in connection with this transaction will be capitalised in
accordance with IFRS 6, "Exploration for and Evaluation of Mineral Resources,"
and will be amortised upon commencement of helium production which is expected
to commence in the first half of 2026.
4. Expenses by nature breakdown
6 months to 31 December 2025 Unaudited 6 months to 31 December 2024 Unaudited
$ $
Depreciation 14,450 226,968
Wages and salaries (including Directors' fees) 385,428 257,733
Professional & Consulting fees 442,162 462,438
Insurance 79,822 50,993
Office expenses 81,690 93,340
Share option expense 534,677 773,485
Travel and subsistence expenses 19,969 19,042
Foreign currency loss 137,279 60,673
Other expenses 20,606 27,150
1,716,085 1,971,822
5. Loss per share
The calculation for earnings per share (basic and diluted) is based on the
consolidated loss attributable to the equity shareholders of the Company is as
follows:
6 months to 31 December 2025 Unaudited 6 months to 31 December 2024 Unaudited
$ $
Loss attributable to equity shareholders (1,688,270) (1,927,896)
Weighted average number of Ordinary Shares 7,884,047,146 5,709,041,759
Loss per Ordinary Share ($/cents) (0.02) (0.03)
Earnings and diluted loss per share have been calculated by dividing the loss
attributable to equity holders of the company after taxation by the weighted
average number of shares in issue during the year. Diluted share loss per
share has not been calculated as the options, warrants and loan notes have no
dilutive effect given the loss arising in the period.
6. Dividends
No dividend has been declared or paid by the Company during the six months
ended 31 December 2025 (2024: $nil).
7. Intangible assets
Exploration & Evaluation at Cost and Net Book Value $
Balance as at 1 July 2024 31,729,689
Additions to exploration assets 6,452,543
Capitalised Directors' fees and employee wages 444,229
Capitalised other expenses 329,358
Additions - equity settled 236,863
As at 31 December 2024 (Unaudited) 39,192,682
Additions to exploration assets 6,363,296
Capitalised Directors' fees and employee wages 668,130
Capitalised other expenses 271,783
Additions - equity settled 11,125
Capitalised depreciation 680,027
Total additions 7,994,361
Impairments (1,486,806)
As at 30 June 2025 (Audited) 45,700,237
Additions to exploration assets 5,950,878
Capitalised Directors' fees and employee wages 466,155
Capitalised other expenses 29,958
Capitalised depreciation 278,501
Exchange rate variances 3,176,591
Total Additions 9,902,084
As at 31 December 2025 (Unaudited) 55,602,321
Intangible assets comprise exploration and evaluation costs which arise from
both acquired and internally generated assets.
In accordance with IFRS 6, the Directors reached a decision to impair all
costs associated with the Eyasi and Balangida areas. Impairments of $1,486,806
were incurred in the financial year end 30 June 2025. This reflects the fact
that the Group's focus is currently on the southern Rukwa Helium Project area
over which the Mining Licence has been received.
8. Share premium
Number of shares Ordinary shares Total
$ $
As at 31 December 2024 5,921,426,896 97,882,501 97,882,501
Share Issue costs - (4,576,881) (4,576,881)
5,921,426,896 93,305,620 93,305,620
Adjustment to prior year
Share issue costs 6,014
Revised December 2024 5,921,426,896 97,882,501 97,882,501
Revised Share issue costs (4,570,867) (4,570,867)
5,921,426,896 93,326,452 93,326,452
Issue of new shares (EBT) 296,138,418 - -
Issue of new shares 1,341,463 14,818 14,818
As at 30 June 2025 6,218,906,777 97,882,501 97882,501
Share Issue costs (4,556,049) (4,556,049)
6,218,906,777 93,326,452 93,326,452
Issue of new shares - 30 August 2025 795,619,859 5,029,804 5,029,804
Issue of new shares - 25 September 2025 702,127,658 2,201,007 2,201,007
Issue of new shares - 8 October 2025 1,605,504,587 4,695,749 4,695,749
Share issue costs - (1,041,896) (1,041,896)
As at 31 December 2025 9,322,158,881 109,820,816 109,820,816
Share Issue costs (5,609,701) (5,609,701)
9,322,158,881 104,211,115 104,211,115
A historic adjustment resulted in additional share issue costs in the previous
interim period.
9. Fixed Assets
The main additions to fixed assets have occurred in Northcote Holdings Limited
as a result of the acquisition of plant for the Galactica Project.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IR DBGDXXXDDGLU
Copyright 2019 Regulatory News Service, all rights reservedRecent news on Helium One Global
See all newsREG - Helium One Global Ld - WRAP Retail Offer Targeting £1,000,000
AnnouncementREG - Helium One Global Ld - Fundraise of £3.5 million and Retail Offer
AnnouncementREG - Helium One Global Ld - Unaudited Interim Results
AnnouncementREG - Helium One Global Ld - Galactica Project Update
AnnouncementREG - Helium One Global Ld - AIM Rule 17 and Schedule 2(g) Update
Announcement