Company Announcements

22 December 2023

Helium One Global Ltd

("Helium One" or the "Company")

Correction and TVR

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, announces a correction to its announcement dated 21 December, 2023, correcting the number of Fee Shares that was initially disclosed on that date.

In addition to the 2,420,842,500 Fundraise Shares the Company will also issue 25,078,500 Ordinary Shares at the Issue Price in lieu of certain advisory fees (the "Fee Shares").

Admission and Total Voting Rights

Application has been made for the Fundraise Shares and the Fee Shares, being 2,445,921,000 Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is anticipated that trading in the new shares will commence on AIM at or around 8.00 a.m. on 28 December 2023. The Fundraise Shares and the Fee Shares will rank pari passu with the existing Ordinary Shares in issue. 

Following Admission, the Company's issued and fully paid share capital will consist of 3,402,377,430 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Following Admission, the figure of 3,402,377,430 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.

Capitalised terms not defined in this announcement have the meaning given to them in the Launch Announcement.

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Notes to Editors

Helium One Global, the AIM-traded Tanzanian explorer, holds prospecting licences totalling 2,965km² across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.

The Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. The assets lie near surface seeps with helium concentrations ranging up to 10.6% He by volume. All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

The Company's flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,899km² in south-west Tanzania. The project is considered to be an advanced exploration project with leads and prospects defined by a subsurface database including multispectral satellite spectroscopy, airborne gravity gradiometry, 2D seismic data, and QEMSCAN analysis. The Rukwa Project has been de-risked by the 2021 drilling campaign, which identified reservoir and seal with multiple prospective intervals from basin to near surface within a working helium system.

In July 2023, Helium One acquired their own exploration drill rig, an Epiroc Predator 220 oil and gas type rig, capable of drilling to depths of 2,400m. The rig was shipped to Tanzania in order to commence Phase II drilling operations.

Helium One is traded on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.