Helium One Global Ltd - Tanzania-focused helium miner - Commences mobilisation of a drilling rig and ancillary equipment to a forward holding yard near Mbeya, around 100 kilometres from the Rukwa project. Says mobilisation is progressing on time to allow the company to achieve its target spudding date of mid-May.
"Mobilising a project of this size requires time and planning. Equipment from a wide range of sources will be collected at a forward holding yard near Mbeya before travelling in convoy to the first well location," says Chief Executive David Minchin.
Adds trading on the US OTC market to begin on Thursday and will have no impact on its existing shares trading on the AIM Market of the London Stock Exchange. Notes no new shares were issued as part of the cross-trade.
Current stock price: 20.09 pence, up 19% on Thursday
Year-to-date change: up substantially from 7.25p on December 31
By Zoe Wickens; zoewickens@alliancenews.com
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Helium One (HE1)