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LONDON - Helium One Global Ltd (LON:HE1H) (AIM: HE1), a company engaged in helium exploration, has announced a change to its registered office address. The new location is now 171 Main Street, PO Box 92, Road Town, Tortola, British Virgin Islands, VG1110. This change was made public today.
The company, which is listed on the AIM market of the London Stock Exchange (LON:LSEG), has been actively involved in helium prospecting in Tanzania. Helium One holds licenses for the Rukwa and Eyasi project areas, which are situated on the margins of the Tanzanian Craton in the northern and southwestern parts of the country. These sites are notable for having helium concentrations of up to 10.4% by volume in near-surface seeps.
Helium One's Rukwa Project, its flagship operation, spans 1,664 square kilometers in the southern Rukwa Rift Basin. Following a successful drilling campaign in the 2023/24 period, which led to a helium discovery at the Itumbula West-1 well, the company has proceeded to the appraisal stage. An extended well test in the third quarter of 2024 confirmed the ability to flow helium at a concentration of 5.5% to the surface continuously.
Building on this success, Helium One has submitted a Mining License application to the Tanzanian Government's Mining Commission. This step is significant as it could potentially position the company to contribute to the global helium market, which is currently experiencing supply constraints.
In addition to its Tanzanian interests, Helium One holds a 50% working interest in the Galactica-Pegasus helium development project located in Las Animas County, Colorado, operated by Blue Star Helium Ltd (ASX: BNL).
The information regarding the change of registered office and the company's helium exploration activities is based on a press release statement. Helium One continues to maintain its presence in the industry with its projects and operational developments.
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