Helium One Global Ltd Announces Southern Rukwa Mining Licence - Formal Acceptance
Helium One Global (HLOGF) has formally accepted a Mining License (ML) offer for its southern Rukwa Helium Project in Tanzania. The license covers an extensive 480km² area in the Momba and Sumbawanga Urban Districts. Key developments include:
- Environmental and Social Impact Assessment (ESIA) approval and Environmental Impact Certificate issuance
- First annual license fee payment completed
- Project progression from helium discovery to ML acceptance in just six months
- Successful helium flow of 5.5% achieved during Q3 2024 extended well test at Itumbula West-1
The next steps involve formal ML award and execution of Regulatory Framework Agreements, which will establish a joint venture between the company and the Tanzanian government for project development.
Helium One Global (HLOGF) ha formalmente accettato un'offerta di Licenza Mineraria (ML) per il suo progetto di elio Rukwa nel sud della Tanzania. La licenza copre un'ampia area di 480 km² nei distretti urbani di Momba e Sumbawanga. Sviluppi chiave includono:
- Approvazione della Valutazione di Impatto Ambientale e Sociale (ESIA) e rilascio del Certificato di Impatto Ambientale
- Pagamento della prima tassa annuale di licenza completato
- Progresso del progetto dalla scoperta di elio all'accettazione della ML in soli sei mesi
- Flusso di elio del 5,5% raggiunto durante il test esteso del pozzo Itumbula West-1 nel terzo trimestre del 2024
I prossimi passi prevedono l'assegnazione formale della ML e l'esecuzione degli Accordi del Quadro Normativo, che stabiliranno una joint venture tra la società e il governo tanzaniano per lo sviluppo del progetto.
Helium One Global (HLOGF) ha aceptado formalmente una oferta de Licencia de Minería (ML) para su proyecto de helio Rukwa en el sur de Tanzania. La licencia abarca una extensa área de 480 km² en los distritos urbanos de Momba y Sumbawanga. Desarrollos clave incluyen:
- Aprobación de la Evaluación de Impacto Ambiental y Social (ESIA) y emisión del Certificado de Impacto Ambiental
- Pago completado de la primera tarifa anual de la licencia
- Progreso del proyecto desde el descubrimiento de helio hasta la aceptación de la ML en solo seis meses
- Flujo de helio del 5.5% alcanzado durante la prueba extendida del pozo Itumbula West-1 en el tercer trimestre de 2024
Los próximos pasos implican la concesión formal de la ML y la ejecución de los Acuerdos del Marco Regulatorio, que establecerán una empresa conjunta entre la compañía y el gobierno tanzano para el desarrollo del proyecto.
Helium One Global (HLOGF)는 탄자니아 남부 Rukwa 헬륨 프로젝트에 대한 광산 라이센스(ML) 제안을 공식적으로 수락했습니다. 이 라이센스는 Momba와 Sumbawanga 도시 지역에 걸쳐 480km²의 광범위한 지역을 포함합니다. 주요 개발 사항은 다음과 같습니다:
- 환경 및 사회적 영향 평가(ESIA) 승인 및 환경 영향 인증서 발급
- 첫 번째 연간 라이센스 수수료 지급 완료
- 헬륨 발견에서 ML 수락까지 프로젝트 진행이 단 6개월 만에 이루어짐
- 2024년 3분기 Itumbula West-1의 연장 시험에서 5.5%의 헬륨 흐름 달성
다음 단계는 ML의 공식 수여 및 규제 프레임워크 계약의 실행으로, 이는 회사와 탄자니아 정부 간의 프로젝트 개발을 위한 합작 투자를 설정할 것입니다.
Helium One Global (HLOGF) a formellement accepté une offre de Licence Minière (ML) pour son projet de gaz hélium Rukwa dans le sud de la Tanzanie. La licence couvre une vaste zone de 480 km² dans les districts urbains de Momba et Sumbawanga. Développements clés incluent :
- Approbation de l'Évaluation d'Impact Environnemental et Social (ESIA) et délivrance du Certificat d'Impact Environnemental
- Paiement de la première redevance annuelle de licence effectué
- Avancement du projet de la découverte d'hélium à l'acceptation de la ML en seulement six mois
- Flux d'hélium de 5,5 % atteint lors du test prolongé du puits Itumbula West-1 au troisième trimestre 2024
Les prochaines étapes impliquent l'attribution formelle de la ML et l'exécution des Accords du Cadre Réglementaire, qui établiront un partenariat entre l'entreprise et le gouvernement tanzanien pour le développement du projet.
Helium One Global (HLOGF) hat formal ein Angebot für eine Bergbaulizenz (ML) für sein südliches Rukwa-Heliumprojekt in Tansania angenommen. Die Lizenz umfasst ein umfangreiches Gebiet von 480 km² in den städtischen Bezirken Momba und Sumbawanga. Wichtige Entwicklungen sind:
- Genehmigung der Umwelt- und Sozialverträglichkeitsprüfung (ESIA) und Ausstellung des Umweltzertifikats
- Zahlung der ersten jährlichen Lizenzgebühr abgeschlossen
- Fortschritt des Projekts von der Heliumentdeckung zur ML-Akzeptanz in nur sechs Monaten
- Erfolgreicher Heliumfluss von 5,5% während des verlängerten Brunnenversuchs Itumbula West-1 im dritten Quartal 2024 erreicht
Die nächsten Schritte umfassen die formelle Vergabe der ML und die Ausführung der regulatorischen Rahmenvereinbarungen, die ein Joint Venture zwischen dem Unternehmen und der tansanischen Regierung für die Projektentwicklung schaffen werden.
- Secured large 480km² mining license for helium project
- Obtained Environmental Impact Certificate approval
- Demonstrated successful 5.5% helium flow in Q3 2024
- Rapid project progression from discovery to mining license in 6 months
- Strategic partnership with Tanzanian government through upcoming joint venture
- Future operations dependent on joint venture agreement completion with Tanzanian government
- Additional regulatory framework agreements still pending
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.
LONDON, GB / ACCESS Newswire / March 31, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
The Company has formally accepted the offer of a Mining Licence ("ML") for the southern Rukwa Helium Project as issued by the Mining Commission ("MC") in Tanzania
The area granted by the Mineral Right is the entire 480km2 that was applied for in September 2024, and covers the southern Rukwa Helium province in the Momba, Sumbawanga Urban Districts in the southern Rukwa Basin
The National Environment Management Council ("NEMC") and Ministry of Environment in Tanzania have also completed their review of the Environmental and Social Impact Assessment ("ESIA") that was filed as part of the ML application, and the ESIA has been approved and an Environmental Impact Certificate ("EI Certificate") has now been issued to the Company
Pursuant to acceptance of the offer, the Company has also paid the first annual license fee and anticipates the formalities of the award to be completed shortly
The next steps will be the formal award of the ML, and the completion and execution of Regulatory Framework Agreements
Lorna Blaisse, Chief Executive Officer, commented:
"We are very pleased to have accepted this offer of the first helium ML in Tanzania and we look forward to further appraising and developing this project. The Company acknowledges the effort of the MC that has gone into reviewing and analysing the ML application and their understanding that has resulted in an ML that is significantly larger than one normally issued for a standard mineral project in order to accommodate the helium play that extends over a larger fractured and faulted sub-surface area. Following a formal award, the Company will continue the planning stage for moving this project forward towards development.
It is a huge achievement for the Company to have progressed from flowing first helium to surface in August 2024 (following the extended well test at Itumbula West-1), to receipt of a ML in just over six months. This reflects the dedicated team we have in place, as well as the established relationships we have in-country, and I would like to extend my sincere thanks to the Mining Commission and the Ministry of Minerals for their continued support."
Details
Further to the Notification of the Grant of a Mineral Right that was made by the MC at the end of February 2025 and announced by the Company on 3 March 2024, the Company has now formally accepted the offer and, pursuant to relevant legislation, has also paid in advance the licence fee for the first 12 months.
NEMC have also completed their review of the ESIA report that formed part of the ML application and have now formally awarded the Company with an EI Certificate.
The next step in this process will be the formal award of the ML, and the completion and execution of Regulatory Framework Agreements. These are the agreements and documents that govern the establishment of a joint venture company, to be owned by both the Company and the Government of Tanzania, that will develop the southern Rukwa Helium project.
The Company will make further announcements as this process continues.
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 Liberum Limited (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 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 Project is located within the southern Rukwa Rift Basin 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 flowed significant quantities of helium to surface and filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025.
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
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