Helium One Global Ltd (LSE:HE1) has finalized an independent Competent Person’s Report (CPR) for its Southern Rukwa Helium Project in Tanzania, validating substantial helium resources within the recently approved 480km² mining licence area. Prepared by Sproule ERCE, the report corroborates the company’s internal resource estimates and reinforces the ongoing feasibility study. This milestone strengthens Helium One’s position in the helium sector, with plans to develop the project in phases including an Early Production System and a Central Processing Facility. The initiative aims to address tight helium supply conditions, with ongoing engagement expected with the Tanzanian government and local communities.
Despite encouraging project developments, Helium One Global’s financial challenges—marked by ongoing losses and absence of revenue—continue to weigh heavily on its stock performance. While the company’s prospects offer promise, current financial instability and unfavorable valuation metrics, coupled with mixed technical signals, advise cautious investor sentiment.
About Helium One Global Ltd
Helium One Global Ltd is a helium exploration company with a focus on Tanzania’s Southern Rukwa region. It also holds a 50% stake in the Galactica-Pegasus helium project located in Colorado, USA.
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