Helium One Global Ltd (LSE:HE1) has begun new operational work at its Southern Rukwa Helium Project in Tanzania, initiating preparations for further testing using an Electrical Submersible Pump (ESP). The ESP technology is intended to improve flow rates from the Basement section, potentially boosting helium concentrations and the gas-to-water ratio as the project advances. In a further boost to operations, the company has been granted a ‘Certificate of Incentives’ for Mineral Processing by the Tanzania Investment and Special Economic Zones Authority, providing fiscal benefits such as import duty relief to support project development.
Despite these encouraging operational and regulatory developments, Helium One continues to face a challenging financial backdrop. Persistent losses, no current revenue stream, and negative valuation indicators weigh heavily on its investment outlook. Mixed technical signals add to the cautious sentiment, even as recent milestones hint at longer-term growth potential.
More about Helium One Global Limited
Helium One Global Ltd is a helium exploration company operating projects in Tanzania and holding a 50% working interest in the Galactica-Pegasus development project in Colorado, USA. The firm aims to address global helium shortages through its portfolio of licences across two continents. Its flagship Southern Rukwa Project in Tanzania has moved into appraisal and development following a confirmed helium discovery.
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