Helium One Global (LSE:HE1) has granted 94.38 million nil-cost share awards to senior management and executive directors under its Long Term Incentive Plan, as it advances its core helium projects in Tanzania and the United States. The awards represent approximately 0.93% of the company’s issued share capital and will vest after a minimum three-year period.
Key recipients include Chief Executive Officer Lorna Blaisse, Finance Director Graham Jacobs, and Head of Compliance and Governance Sarah Cope. The incentives will be delivered through an employee benefit trust, aligning leadership with long-term project execution at both the Rukwa project in Tanzania and the Galactica-Pegasus development in Colorado.
Operationally, the company continues to progress its Rukwa asset following a successful discovery and testing programme, with the project now moving into development after securing a mining licence. At the same time, Helium One maintains a 50% stake in the Galactica-Pegasus project in the U.S., positioning itself to benefit from tightening global helium supply.
Despite these strategic advances, the company’s financial profile remains challenging. It is still pre-revenue, with ongoing losses and continued cash burn highlighting potential future funding needs. Market indicators show some longer-term support, but momentum remains neutral, while valuation is constrained by negative earnings and the absence of dividend income.
More about Helium One Global Limited
Helium One Global Limited is a helium exploration and development company with assets in Tanzania and the United States. Its flagship Rukwa Project in south-west Tanzania has progressed into appraisal and development following a confirmed commercial discovery during the 2023/24 drilling campaign. The project was converted into a 480km² mining licence in 2025.
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