Helium One Advances Rukwa Project and Delists from OTCQB

Helium One Global Ltd (LSE:HE1) has reported progress on its southern Rukwa Helium Project in Tanzania, including the acquisition of an Electrical Submersible Pump (ESP) and related equipment from CenerTech Group, part of the Chinese National Offshore Company. These enhancements are expected to improve flow rates and provide more detailed gas composition data, supporting optimization of helium production.

In addition, the company has voluntarily delisted from the OTCQB Venture Market, citing limited benefits, while continuing to trade on the AIM market of the London Stock Exchange. Helium One has also relinquished two expired prospecting licenses in Tanzania to concentrate on its 480 km² developable mining license area.

Financially, Helium One Global continues to face challenges, with persistent losses and no revenue negatively impacting its stock performance. While recent corporate developments suggest potential for future growth, current financial instability and negative valuation metrics remain significant concerns. Mixed technical indicators further reinforce a cautious outlook.

About Helium One Global Ltd

Helium One Global Ltd is a primary helium explorer with operations in Tanzania and a 50% stake in the Galactica-Pegasus helium development project in Colorado, USA. The company specializes in helium exploration and development, aiming to address supply constraints in the helium market. Its flagship asset, the southern Rukwa Project in Tanzania, has entered a full appraisal and development phase following successful exploration and helium discovery.

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