Helium One Global Ld (AIM:HE1) Company Update

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, announces that, further to the announcement made by Noble Helium (ASX:NHE) (“Noble”), the Company has entered into a co-operation agreement with Noble, pursuant to which Helium One and Noble have agreed to cooperate in sourcing and securing a suitable drilling rig, associated services and arranging logistics as required for the Company’s proposed drilling campaign.

This agreement is not expected to impact the proposed drilling timeline as outlined in the Company’s AGM last week.

Also as announced on 9 February and following conclusion of AIM Regulatory Due Diligence, Lorna Blaisse has been appointed to the Board as an Executive Director of Helium One Global Ltd with immediate effect.

The board have resolved to issue 8,000,000 options in aggregate to subscribe for ordinary shares (the “Options”). The Options have been issued as to 5,000,000 to Lorna Blaisse and 3,000,000 to Kai Gruschwitz, the Company’s new Technical Director. The Options will vest in three equal tranches over the next 3 years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February 2023, being the last practicable day before the issuance of the Options.

For further information please visit the Company’s website: www.helium-one.com


Helium One Global Ltd

Ian Stalker, Non-Executive Chairman

Lorna Blaisse, CEO

+44 20 7920 3150

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.