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LONDON - Helium One Global Ltd (LON:HE1H) (AIM:HE1), a Tanzanian helium exploration company, has announced the issuance of 1,341,463 ordinary shares to a service provider as a form of payment instead of cash. The new shares are set to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) at 8.00 a.m. on June 4, 2025.
Following the admission of these shares, Helium One’s issued share capital will increase to a total of 5,922,768,359 ordinary shares, all with voting rights. The company has confirmed that it does not hold any shares in treasury. This updated total of issued shares will serve as a reference for shareholders to determine whether they need to disclose changes in their shareholding as per the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Helium One, which operates in Tanzania and holds a 50% interest in the Galactica-Pegasus helium development project in Colorado, USA, has recently moved forward with its flagship Rukwa Project. The project has entered an appraisal stage following a successful drilling campaign that confirmed a helium discovery and a continuous flow of 5.5% helium to the surface during an extended well test in the third quarter of 2024.
The company’s progress includes the acceptance of a Mining Licence application by the Tanzania Mining Commission in March 2025. Helium One’s prospects in Tanzania, along with its interest in the United States’ project, position it as a potential key player in the helium market, which is currently facing supply constraints.
This strategic issuance of equity is part of Helium One’s financial management as it continues to develop its helium assets. The information provided in this article is based on a press release statement from Helium One Global Ltd.
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