Helium One Global Ltd Announces Company Receives Offer of Mining Licence
Helium One Global (HLOGF) has received a Mining License (ML) offer from Tanzania's Mining Commission for its southern Rukwa Helium Project. The ML will cover approximately 480km², significantly larger than standard mining licenses, encompassing the entire southern Rukwa Helium Project in the Momba and Sumbawanga Districts.
This milestone follows the company's discovery at Itumbula West-1 and their September 2024 application submission. The project demonstrated success in Q3 2024 with an extended well test that continuously flowed 5.5% helium to the surface. The Ministry of Minerals approved this larger-than-standard license area, recognizing the unique geological characteristics of the helium gas-in-solution play.
Helium One Global maintains a 100% equity in its Tanzanian licenses and holds a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA.
Helium One Global (HLOGF) ha ricevuto un'offerta per una Licenza Mineraria (ML) dalla Commissione Mineraria della Tanzania per il suo progetto di elio nel sud della Rukwa. La ML coprirà circa 480km², significativamente più grande delle licenze minerarie standard, includendo l'intero progetto di elio nel sud della Rukwa nei distretti di Momba e Sumbawanga.
Questo traguardo segue la scoperta effettuata dall'azienda presso Itumbula West-1 e la presentazione della domanda a settembre 2024. Il progetto ha dimostrato successo nel terzo trimestre del 2024 con un test di pozzo prolungato che ha continuamente fatto affiorare 5,5% di elio in superficie. Il Ministero dei Minerali ha approvato quest'area di licenza più grande rispetto allo standard, riconoscendo le uniche caratteristiche geologiche del giacimento di gas elio in soluzione.
Helium One Global mantiene un 100% di partecipazione nelle sue licenze tanzaniane e detiene un 50% di interesse lavorativo nel progetto di sviluppo di elio Galactica-Pegasus in Colorado, USA.
Helium One Global (HLOGF) ha recibido una oferta de Licencia de Minería (ML) de la Comisión Minera de Tanzania para su proyecto de helio en el sur de Rukwa. La ML cubrirá aproximadamente 480km², significativamente más grande que las licencias mineras estándar, abarcando todo el proyecto de helio en el sur de Rukwa en los distritos de Momba y Sumbawanga.
Este hito sigue al descubrimiento de la empresa en Itumbula West-1 y la presentación de su solicitud en septiembre de 2024. El proyecto mostró éxito en el tercer trimestre de 2024 con una prueba de pozo extendida que fluyó continuamente 5.5% de helio a la superficie. El Ministerio de Minerales aprobó esta área de licencia más grande que la estándar, reconociendo las características geológicas únicas del juego de gas helio en solución.
Helium One Global mantiene un 100% de participación en sus licencias tanzanas y posee un 50% de interés de trabajo en el proyecto de desarrollo de helio Galactica-Pegasus en Colorado, EE. UU.
Helium One Global (HLOGF)는 탄자니아 광물 위원회로부터 남부 루쿠와 헬륨 프로젝트에 대한 광산 면허(ML) 제안을 받았습니다. 이 ML은 약 480km²를 커버하며, 표준 광산 면허보다 상당히 크고, Momba 및 Sumbawanga 지구의 남부 루쿠와 헬륨 프로젝트 전체를 포함합니다.
이 이정표는 Itumbula West-1에서 회사의 발견과 2024년 9월에 제출한 신청에 이어 나타났습니다. 이 프로젝트는 2024년 3분기에 5.5% 헬륨이 지속적으로 지표로 흐르는 연장된 우물 테스트로 성공을 입증했습니다. 광물부는 헬륨 가스 용해 플레이의 독특한 지질학적 특성을 인정하여 이 표준보다 큰 면허 지역을 승인했습니다.
Helium One Global은 탄자니아 면허에서 100% 지분을 보유하고 있으며, 미국 콜로라도에 있는 Galactica-Pegasus 헬륨 개발 프로젝트에서 50%의 작업 이익을 보유하고 있습니다.
Helium One Global (HLOGF) a reçu une offre de Licence Minière (ML) de la Commission Minière de Tanzanie pour son projet d'hélium dans le sud de Rukwa. La ML couvrira environ 480km², ce qui est significativement plus grand que les licences minières standard, englobant l'ensemble du projet d'hélium dans le sud de Rukwa dans les districts de Momba et Sumbawanga.
Ce jalon fait suite à la découverte de l'entreprise à Itumbula West-1 et à la soumission de leur demande en septembre 2024. Le projet a montré un succès au troisième trimestre 2024 avec un test de puits prolongé qui a continuellement fait remonter 5,5% d'hélium à la surface. Le Ministère des Minéraux a approuvé cette zone de licence plus grande que la norme, reconnaissant les caractéristiques géologiques uniques du jeu de gaz hélium en solution.
Helium One Global détient 100% de participation dans ses licences tanzaniennes et possède un 50% d'intérêt de travail dans le projet de développement d'hélium Galactica-Pegasus au Colorado, États-Unis.
Helium One Global (HLOGF) hat ein Angebot für eine Bergbaulizenz (ML) von der Bergbaubehörde Tansanias für sein südliches Rukwa-Heliumprojekt erhalten. Die ML wird etwa 480km² abdecken, was erheblich größer ist als die Standardberglizenzen, und das gesamte südliche Rukwa-Heliumprojekt in den Bezirken Momba und Sumbawanga umfasst.
Dieser Meilenstein folgt auf die Entdeckung des Unternehmens bei Itumbula West-1 und der Einreichung ihres Antrags im September 2024. Das Projekt zeigte im dritten Quartal 2024 Erfolg mit einem verlängerten Brunnenversuch, der kontinuierlich 5,5% Helium an die Oberfläche förderte. Das Ministerium für Mineralien genehmigte dieses größere als standardmäßige Lizenzgebiet und erkannte die einzigartigen geologischen Eigenschaften des Heliumgas-in-Lösung-Spiels an.
Helium One Global hält 100% Eigenkapital an seinen tansanischen Lizenzen und besitzt ein 50% Arbeitsinteresse am Heliumentwicklungsprojekt Galactica-Pegasus in Colorado, USA.
- First-ever helium Mining License offered in Tanzania
- Larger than standard license area (480km²) approved
- Successful well test with 5.5% helium flow
- 100% equity ownership in Tanzanian assets
- Strategic position in supply-constrained helium market
- Mining License terms still under review
- Final approval pending company acceptance of terms
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
Company Receives Offer of Mining Licence for Southern Rukwa Helium Project, Tanzania
LONDON / ACCESS Newswire / March 3, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
The Company has received an offer letter from the Mining Commission ("MC") in Tanzania for the grant of a Mining Licence ("ML") for the southern Rukwa Helium Project
The potential ML will be for an area of approximately 480km2 and will cover all of the southern Rukwa Helium Project in the Momba, Sumbawanga Districts in the southern Rukwa Basin and is consistent with the area that was applied for under the application
The offer of the ML follows approval by the Ministry of Minerals ("MoM") who have given the MC permission to grant a larger than standard ML that will enable the southern Rukwa Helium Project to be developed to its full potential
Offer letter and terms are currently being reviewed by the Company
Lorna Blaisse, Chief Executive Officer, commented:
"As we continue to drive forward, this achievement for the Company marks a milestone in our progress as the primary helium company in Tanzania.
This historical moment, for both the Company and for Tanzania, is the first ML to be offered for helium in Tanzania and also the first of such a significant size. I would like to express my appreciation to the Ministry of Minerals and the Mining Commission for their support of this application and project, and for entrusting the Company in paving the way for this flagship commodity sector in-country. I would like to thank the Helium One team who have worked so hard on this and to all our shareholders for their continued support."
Details
The offer letter of the ML is an achievement for the Company, following the discovery at Itumbula West-1 last year. The ML application, which was submitted in September 2024, was accompanied by a feasibility study which outlines the potential of the helium resource in southern Rukwa.
Following approval from the MoM, the MC were able to allow the full 480km2 which was applied for, and which is significantly larger than a standard ML area for conventional mining practices. The MoM and MC recognise that the helium potential in southern Rukwa is geologically unique given the gas in solution play, and that the Company has identified extensive faulting mechanisms and fracture networks and by including these in the ML area, it provides the Company with the best opportunity to fully leverage the helium potential.
The offer letter and terms are now under detailed review by the Company and further announcements will be made in due course.
For further information please visit the Company's website:www.helium-one.com
Contact
Helium One Global Ltd | +44 20 7920 3150 |
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Panmure LiberumLimited (Nominated Adviser and Joint Broker) | +44 20 3100 2000 |
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Zeus Capital Limited (Joint Broker) | +44 20 3829 5000 |
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Tavistock(Financial PR) | +44 20 7920 3150 |
Notes to Editors
Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.
The southern Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to
The Company's flagship southern Rukwa Helium Project is located within the southern Rukwa Rift Basin covering 1,664km2 in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed
Following the success of the extended well test, the Company has now flowed significant quantities of helium to surface and has filed a Mining Licence application with the Mining Commission of the Tanzanian Government.
The Company also owns a
Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Helium One Global Ltd
View the original press release on ACCESS Newswire
FAQ
What is the size of the Mining License offered to Helium One Global (HLOGF) for the Rukwa Project?
What were the helium flow test results from HLOGF's Itumbula West-1 well in Q3 2024?
When did Helium One Global submit the Mining License application for the Rukwa Project?
What is Helium One Global's ownership structure in the Tanzanian projects?
What makes the Rukwa Project's Mining License unique for HLOGF?
