Recent overview by Share Talk31 Oct 2024 08:58
Helium One Global (AIM: HE1)
Company Overview
Helium One Global Ltd is a leading AIM-listed helium exploration company focused on high-purity helium reserves in Tanzania. Known for its pioneering work, Helium One has a market capitalization of approximately £53.47 million at the time of writing, positioning it as one of the larger players in the helium exploration industry. The company holds three major project areas in Tanzania: Rukwa, Balangida, and Eyasi, covering a total of over 2,965 square kilometers and characterized by helium concentrations as high as 10%.
Flagship Project
Helium One’s primary asset is the Rukwa Project, located in Tanzania’s Rukwa Basin. This project has reported helium concentrations up to 10.6%, well above the levels typically needed for commercial viability. The company is advancing exploration with a focus on high-quality, high-yield helium deposits.
Share Price Movement
Over the 6 months, Helium One’s share price has demonstrated volatility, influenced by exploration updates, funding requirements, and broader market conditions. Trading between 0.19 GBX and 6.68 GBX in the past 52 weeks, shares have responded particularly to successful drilling and funding announcements. Current prices reflect the market’s response to recent project milestones, with investors closely watching upcoming results.
Recent RNS Announcements
17th October 2024 – Company Update on operational progress at key sites.
23rd September 2024 – Blocklisting six-month return, reflecting share issuance.
17th September 2024 – Another company update detailing Rukwa project advancements.
4th September 2024 – Reported sustained helium flow at the Itumbula West-1 (ITW-1) well.
27th August 2024 – Acquisition of an additional helium and CO₂ project, with a successful equity raise to support exploration.
Financial Position
According to recent interim financial statements, Helium One holds cash reserves of approximately £12 million, with minimal debt. The company successfully raised £8 million in June 2024, ensuring sufficient funding for the next phases of the Rukwa Project. These funds are intended to support further drilling and infrastructure development across the company’s Tanzanian assets.
Future Outlook
Helium One’s Tanzanian projects place it in a strong position to meet global helium demand, especially as high-purity, primary helium sources become increasingly valuable. The Rukwa Project’s continued success could position Helium One as a major supplier within the next few years. Investors remain optimistic about the potential for high-yield helium extraction and the possibility of future partnerships to accelerate commercial production.