Helium One Global Ltd. (HLOGF)
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Helium One set to begin commissioning at Galactica-Pegasus project
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has provided an update on the Galactica-Pegasus helium development project in Colorado, USA, where the production facility has now reached substantial completion and commissioning is due to begin this week. Helium One said the gathering system has been successfully pressure tested and tied in to the production facility.
Helium One prepares for flow-rate tests at southern Rukwa project
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has begun a new phase of work at its southern Rukwa project in Tanzania as it readies for flow-rate testing that could determine the commercial potential of its discovery well. The company said it had started operations ahead of installing an electrical submersible pump, or ESP, a device used to lift fluids to the surface and boost flow.
Helium One results highlight a "significant and successful" year
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) audited results for the twelve months to 30 June, released today, highlighted progress across its Tanzania and US assets, with chair James Smith calling it a "significant and successful year". In the period, the exploration company confirmed a helium discovery at the southern Rukwa project following an extended well test at the ITW-1 well, which recorded sustained helium concentrations above 5%.
Helium One's US helium project breaks ground ahead of December production start
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said construction work has started at its Galactica-Pegasus project in Colorado, marking a key step towards its first helium production, which is scheduled for December 2025. The company, which is listed on London's AIM market, holds a 50% working interest in the US venture.
Helium One eyes first helium production, exits funding arrangement early
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said development of the Galactica-Pegasus helium project in Colorado, is progressing on schedule, with first helium production expected in December. The company, which holds a 50% working interest in the project, reported that lease agreements have been signed with Kinder Morgan for CO₂ processing equipment.
Helium One says Galactica is on-track for first helium in December
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors that construction and preparatory work at the Galactica project in Colorado remains on track for first helium production by December. Site preparations have been largely completed, including surveying of gathering lines, road access and the plant site.
Helium One closes oversubscribed retail share offer
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) confirmed it has raised £1 million through an oversubscribed WRAP Retail Offer, with the offer closing early amid strong demand. It will now issue some 185.185 million new shares, priced at 0.54p each.
Helium One to raise £1m in retail offer
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has launched a retail offer to raise up to £1 million via the Winterflood Retail Access Platform. The offer is open to existing shareholders in the UK.
Helium One saw another new milestone in Tanzania - ICYMI
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) earlier this week confirmed it had received an official mining license for its project in Tanzania, marking a key milestone in its transition from exploration to development. The company said the license, effective from July 2025, will allow it to initiate an Electrical Submersible Pump (ESP) operation at the Itumbula discovery within its Southern Rukwa project.
Helium One secures Tanzania mining licence and £10m funding to accelerate helium projects
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has secured a £10 million investment from three institutional backers and formally received its mining licence for the Southern Rukwa helium project in Tanzania, paving the way for the development of two potentially significant sources of helium. The AIM-listed company, which also holds a 50% interest in the Galactica-Pegasus project in Colorado, said the new funding will support planned testing at Southern Rukwa later this year and help bring its US operation to first gas and cash flow by the fourth quarter.
Helium One appoints new director to board
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has hired Nishant Dighe, a chemical and petroleum engineer by trade, to its board as a non-executive director. Dighe - who brings 30 years' experience from previous senior roles at ExxonMobil, Marakon Associates, Panoro Energy, and RAK - joins as the company is advancing the delivery of helium production from its assets in North America and Tanzania.
Helium One shares rise 9% as Tanzania project confirmed as major helium resource
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) shares rose 9% on Wednesday after an independent assessment confirmed the company's southern Rukwa project in Tanzania has the potential to become a major helium development in Africa. The Competent Person's Report, carried out by reserves auditor Sproule ERCE, supported the explorer's internal estimates and provided a clear picture of the project's scale.
