Helium One Global Limited ( (GB:HE1) ) has issued an update.
Helium One Global Ltd has received an offer for a Mining Licence from the Tanzanian Mining Commission for its southern Rukwa Helium Project. This development marks a significant milestone as it is the first helium mining license of its size in Tanzania, highlighting the project’s potential to fully leverage the unique geological features of the region. The offer follows a successful helium discovery and extended well test at Itumbula West-1, and the company is reviewing the terms of the offer to advance its operations.
More about Helium One Global Limited
Helium One Global Ltd is a Tanzanian-based company focused on helium exploration and development. It holds prospecting licenses in the southern Rukwa and Eyasi projects, located in rift basins on the margin of the Tanzanian Craton. The company aims to address the supply-constrained helium market and holds a 50% interest in the Galactica-Pegasus helium development project in Colorado, USA.
YTD Price Performance: 1.68%
Average Trading Volume: 40,745,742
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £53.88M
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