Helium One Global Ltd is progressing towards operational phase with new studies, an expanded technical team and a review of production options at Rukwa in Tanzania. FS Conversion of its licences from prospecting to mining requires an environmental and social impact assessment, which forms part of the feasibility study. An expanded technical team is expected […]
Tag: Rukwa – Tanzania
Helium One Itumbula West-1 flows helium to surface
Helium One Global Ltd’s completed Itumbula West-1 well flowed high concentration helium, measuring 4.7%, from Basement to the surface at Rukwa, Tanzania. EVALUATION The company yesterday said that a measured helium concentration of 4.7% equates to almost 9,000 times above background levels. Hydrogen also flowed to surface during basement testing, at a concentration of 2.2%, […]
Helium One reaches £6m via 72% discounted fundraise
Helium One Global Ltd raised £6.1 million through the issue of 2,420,842,500 new ordinary shares, of no par value in the capital of the company, each at a price of 0.25 pence. DIRECTORS’ DEALINGS The oversubscribed fundraise comprised a placing of 2,413,642,500 new ordinary shares, raising £6m, and a direct subscription of 7.2m new ordinary […]
Helium One needs more funds to drill Itumbula well
Helium One Global Ltd needs further funds to drill the Itumbula well once it has repaired its drill rig on the Rukwa licence in Tanzania. COSTS The company has faced setbacks from delays and component failures but aims to spud the new well in early January 2024. A full cost analysis and budgeting exercise showed […]
Helium One raises £6.8m via fundraise and retail offer
Helium One Global Ltd raised a total £6.8 million via a fundraise and retail offer through the issue of 113m ordinary shares of no par value in the company at 6 pence per ordinary share. DIRECTORS DEALINGS A placing, conducted through an accelerated bookbuild process, of 104,383,335 new ordinary shares raised £6.26m and a subscription […]
Helium One nears rig set-up completion on Tai-C
Helium One Global Ltd has appointed a 24-hour drill crew and completed 90% of setting up the rig on Tai-C well for phase II drilling at Rukwa in Tanzania. CONTRACTS The remaining long lead items are on schedule to arrive during the second week of September with drilling on course to start during the second […]