Helium One Globa - HLOGF STOCK NEWS

Helium One Global (HLOGF) announces the spudding of the Jackson-31 development well at its Galactica helium project in Colorado, where it holds a 50% working interest. The well's shallow conductor section has been set, with BOPs being installed before drilling the intermediate hole section. The well targets the Lyons Formation and will undergo wireline logging and flow testing upon reaching Target Depth.

The Galactica/Pegasus development, discovered by Blue Star in 2022, has shown promising results with four existing discoveries delivering gas flows of 125 to 412 Mcfd with helium concentrations between 2.0% and 6.1%. The State-16 well, drilled in June 2024, demonstrated production capability of up to 441 Mcfd with 1.9% helium content and identified 96+ feet of gas column.

Helium One Global (HLOGF) reports that drilling operations are advancing at the Jackson-31 well location in Las Animas County, Colorado, part of the Galactica Project where the company holds a 50% working interest. Blue Star Helium, the project operator, has confirmed the mobilization of the drilling rig and is currently rigging up at the site.

The development follows the completion of site works and delivery of all casing, as previously announced on January 15, 2025. Drilling operations are expected to commence shortly after the rigging up process is completed.

The company also maintains its flagship Rukwa Project in Tanzania, where it recently achieved success with the Itumbula West-1 well, which flowed 5.5% helium continuously to surface in Q3 2024. Following this success, Helium One has filed a Mining License application with the Tanzanian Government.

Helium One Global (AIM:HE1, OTCQB:HLOGF) provided an update on its Galactica-Pegasus helium project in Colorado, where it holds a 50% working interest. Due to winter conditions, the company's operator Blue Star Helium is gravelling roads to Jackson-31 and Jackson-4 well locations to ensure continued access during cold weather. The rig mobilization has been delayed to the week of February 10th due to anticipated snow conditions.

The drilling campaign will begin with Jackson-31 SENW 3054, followed by Jackson-4 L4 3154, with three additional approved wells pending sequence confirmation. Work continues on the Pinon Canyon processing plant, targeting first gas production in 1H 2025.

The company also maintains 100% equity in its Tanzanian projects, including the flagship Rukwa Project, where the Itumbula West-1 well successfully flowed 5.5% helium to surface in Q3 2024, leading to a Mining Licence application.

Helium One Global (AIM:HE1, OTCQB:HLOGF) has announced the change of its registered office to 171 Main Street, PO Box 92, Road Town, Tortola, British Virgin Islands. The company is a Tanzanian explorer holding prospecting licenses across two project areas: Rukwa and Eyasi.

The company's flagship Rukwa Project, covering 1,664km² in southwest Tanzania, has achieved significant milestones following its 2023/24 exploration drilling campaign. The campaign proved a helium discovery at Itumbula West-1 and successfully flowed 5.5% helium continuously to surface in Q3 2024. Following this success, the company has filed a Mining License application with the Tanzanian Government.

Additionally, Helium One owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, operated by Blue Star Helium.

Helium One Global (AIM:HE1) announces its Annual General Meeting (AGM) scheduled for December 16, 2024, at 11:00 a.m. GMT in London. Shareholders can attend in person or remotely via webinar through the Investor Meet Company platform. The company emphasizes proxy voting ahead of the AGM, with Forms of Proxy due by December 12 and Forms of Instruction by December 11, 2024. Remote participants cannot vote online during the AGM. The company's Rukwa Project recently achieved success with the Itumbula West-1 discovery, flowing 5.5% helium to surface in Q3 2024, leading to a Mining License application with the Tanzanian Government.

Helium One Global announced its audited results for the year ended June 30, 2024, reporting a comprehensive loss of US$11,012,204. The company achieved significant operational milestones, including the successful completion of Phase II drilling campaign with the discovery of helium at Itumbula West-1 (ITW-1) well, flowing a sustained average of 5.5% helium from fractured Basement and 5.2% from Karoo Group. The company's net assets stood at US$47,471,097, with a cash position of US$11,647,723. Post-period, Helium One acquired a 50% interest in Blue Star Helium's Galactica-Pegasus project in Colorado, USA, expanding its portfolio with a near-term development opportunity expected to generate revenue in H1 2025.