Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHelium One Share News (HE1)

Share Price Information for Helium One (HE1)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.35
Bid: 1.30
Ask: 1.40
Change: -0.025 (-1.82%)
Spread: 0.10 (7.692%)
Open: 1.375
High: 1.40
Low: 1.35
Prev. Close: 1.375
HE1 Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Helium One Global raises GBP4.7 million for work programme in Tanzania

Wed, 07th Feb 2024 10:01

(Alliance News) - Helium One Global Ltd on Wednesday said it has raised GBP4.7 million, to progress its work programme in Tanzania.

The primary helium explorer said it has GBP4.7 million through a placing of 313.3 million new shares priced at 1.5p each. The placing price represents a 30% discount to the closing price of 2.16p on Tuesday.

Its shares fell 23% to 1.64p each on Wednesday morning in London.

The proceeds will provide the company with "sufficient" working capital to progress its planning for the next stage of the work programme in Tanzania.

Chief Executive Lorna Blaisse said: "The results that we have achieved from the Itumbula West-1 well, flowing helium to surface in such significant concentrations, has confirmed a globally unique helium producing province. By moving quickly and finalising this company led placing early on, we have been able to strengthen our working capital position, which will enable us to fully focus on the next phase of the company's growth."

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
22 Mar 2021 13:19

TRADING UPDATES: Mincon 2020 earnings rise; Caledonia in profit fall

TRADING UPDATES: Mincon 2020 earnings rise; Caledonia in profit fall

Read more
22 Mar 2021 10:52

Helium One appoints drilling contractor to Rukwa project

(Sharecast News) - Helium One announced the appointment of Mitchell Drilling as contractor for its maiden three-well exploration programme on the wholly-owned Rukwa Project in Tanzania on Monday.

Read more
16 Mar 2021 18:58

TRADING UPDATES: European Metals interim loss widens after new costs

TRADING UPDATES: European Metals interim loss widens after new costs

Read more
16 Mar 2021 16:11

Helium One begins seismic data acquisition at Rukwa

(Sharecast News) - Helium One announced the start of seismic data acquisition, with the mobilisation of vibroseis trucks and geophones to its wholly-owned Rukwa Project in Tanzania, on Tuesday.

Read more
18 Feb 2021 11:32

Scirocco Energy Adapts To Times With ESG Strategy And Board Changes

Scirocco Energy Adapts To Times With ESG Strategy And Board Changes

Read more
20 Jan 2021 17:40

LONDON TRADING UPDATES: Alliance Pharma 2020 Revenue Slips By 5%

LONDON TRADING UPDATES: Alliance Pharma 2020 Revenue Slips By 5%

Read more
12 Jan 2021 18:00

IN BRIEF: Helium One Submits Environmental Studies For Rukwa Drilling

IN BRIEF: Helium One Submits Environmental Studies For Rukwa Drilling

Read more
4 Dec 2020 11:48

Shares In Helium Miner Float Up After AIM IPO, Combination With Attis

Shares In Helium Miner Float Up After AIM IPO, Combination With Attis

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.