{"id":134074,"title":"Helium One Global Ltd announced a £3.5 million fundraise","publisher":"Share Talk","author":"sharetalk","published":"2026-03-26T08:11:14+00:00","modified":"2026-03-26T08:11:14+00:00","canonical_url":"https://www.share-talk.com/helium-one-global-ltd-announced-a-3-5-million-fundraise/","markdown_url":"https://www.share-talk.com/helium-one-global-ltd-announced-a-3-5-million-fundraise.md","json_url":"https://www.share-talk.com/helium-one-global-ltd-announced-a-3-5-million-fundraise.json","category":"Energy","categories":["Energy"],"tags":["David Minchin","EIA Certificate","ESIA approval","gas","HE1","Helium One Global","HLOGF","James Smith","Lorna Blaisse","Mozambique","oil","OTCQB","Rukwa project","Share Talk","Tanzania","ttis Oil & Gas"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/HE1-25TH-JAN-24.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"[Helium One Global Ltd (AIM: HE1)](https://www.investegate.co.uk/announcement/rns/helium-one-group-ltd-di---he1/fundraise-of-3-5-million-and-retail-offer-/9492834) has raised **£3.5 million** through an institutional placing, alongside a potential **£1 million retail offer**, to advance its US helium operations as it moves closer to first revenues.\n\nThe fundraising was priced at **0.6p per share**, representing a **17.6% discount** to the previous closing price, with new shares expected to be admitted on **31 March**.\n\nProceeds will support **ongoing drilling and development at the Galactica-Pegasus project in Colorado**, maintain progress at the **Rukwa project in Tanzania**, and strengthen working capital.\n\nOperationally, the company reported that **six wells are now connected to the Pinon Canyon processing facility**, completing the first phase of development. The plant is transitioning to **continuous 24/7 operations** following automation upgrades.\n\nHelium One has also secured its **first helium sales agreement** at spot pricing, marking a key step toward cash flow. Meanwhile, discussions around longer-term **helium and CO₂ offtake agreements** are ongoing, with **CO₂ liquefaction targeted for H1 2026**.\n\n**Summary**\n\n·  Proposed Subscription to raise gross proceeds of £3.5 million (approximately US$4.7 million) (before expenses) at the Issue Price.\n\n·    Additional Retail Offer targeting gross proceeds of £1.0 million (approximately US$1.3 million).\n\n·    The Fundraise is being subscribed for by institutional investors.\n\n·    Issue Price of 0.6 pence per new ordinary share represents a discount of 17.6 per cent. to the closing mid-market price of the Company’s existing ordinary shares on 25 March 2026, the last practicable date prior to this announcement.\n\n·   The net proceeds of the Fundraise will be utilised to further advance the Galactica Project, maintain the southern Rukwa Helium Project whilst pursuing the farmout strategy, and for general working capital purposes.\n\n**Lorna Blaisse, Chief Executive Officer, commented:**\n\n“This fundraise allows us to maintain momentum across our portfolio, supporting continued advancement at the Galactica‑Pegasus project in the US while progressing the southern Rukwa Helium Project as we actively pursue a strategic partner; activities that the Board believe will position the Company to unlock value and drive long‑term shareholder returns.”"}