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LONDON - Helium One Global Ltd (LON:HE1H) (AIM:HE1), a primary helium explorer with operations in Tanzania and Colorado, announced Wednesday it has closed its WRAP Retail Offer ahead of schedule due to strong investor demand.
The company, which holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, said it will provide further details regarding the total proceeds and number of ordinary shares to be issued in a subsequent announcement.
The early closure follows Helium One’s previous announcement on August 5, 2025, when it initially launched the WRAP Retail Offer through Winterflood’s Retail Access Platform.
Helium One’s operations span two continents, with its flagship Rukwa Project located in Tanzania’s southern Rukwa Rift Basin. The company was awarded a 480 square kilometer Mining License for this project in July 2025, following a successful exploration drilling campaign in 2023-2024 that proved a helium discovery at Itumbula West-1. An extended well test conducted in the third quarter of 2024 successfully flowed 5.5% helium continuously to the surface.
In Colorado, Helium One’s Galactica-Pegasus project completed a six-well development drilling program in the first half of 2025, encountering helium concentrations of up to 3.3% in the target Lyons Formation. The company expects the Galactica wells to begin initial production in the fourth quarter of 2025.
The retail offer was only available to existing company shareholders in the United Kingdom (TADAWUL:4280) who met specific regulatory criteria.
This article is based on a press release statement from Helium One Global Ltd.
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