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Thanks Sammy

This is an excerpt taken from the article.

"Helium is far more than just a trick for party balloons; it is a major portion of the lifeblood of modern medicine and the digital age. Unlike other industrial gases, helium’s unique thermodynamic properties mean it cannot be replicated by alternative technologies at any commercially viable scale."

Thanks PJ McGra, one thing about her speech that stood out to me, was the pause after declaring that space exploration needed helium! That pause signified to me that this is where the Rukwa Helium will be going. Into the rockets themselves🚀

Maybe the Tanzy government already know about the timescales and want to hold HE1 to the 18 months 😅⏰️🍾... let the race begin!

Https://www.helium-one.com/helium-one-mining-licence-ceremony-in-songwe-region/

Also posted on the HE1 website.

"A Saturday signing can suggest:

The deal is urgent and close to completion.

The parties want to control the timing of the announcement.

There may be a public release planned for a specific day, such as Tuesday.

They may be aligning with internal approvals, regulatory steps, or a board schedule.

Lawyers, Director, public servants and associated parties are more likely to be available over the weekend.

It does not by itself prove the deal is bigger, more real, or more advanced. Companies sometimes sign on weekends for ordinary logistical reasons."

Hi Stan,

You could be right, although I would steer towards CenerTech providing the vital equipment across the complex rather than being a partner. There is a lot to gain for them from a commercial perspective, probably millions of £ worth of equipment to supply, test, and maintain.

Perplexity's view on James Smith stepping down.

"James Smith’s departure appears to have been a planned board transition rather than a forced exit. The company announcement only says he “decided to step down” and offers thanks for his service, but it does not give a specific reason such as a dispute, health issue, or performance problem.

What the announcement does say is that he had been on the board since Helium One’s IPO in 2020 and chairman since August 2023, and that the company was moving into a new phase with production and near-term revenues; that strongly suggests the change was tied to a governance refresh at a more advanced stage of the business.

What can be inferred - It was immediate, but the wording is neutral and formal, which usually points to an orderly handover.

The company highlighted major milestones under his tenure, which is the kind of language used when a chairman leaves on good terms.

A new chairman was appointed straight away, which also supports the idea of a succession plan rather than an unexpected departure".

This settles the subject in my minds eye. Thank you James, you did a great job with the development phase transition.

The Chinese comment in the ministry of minerals on Wednesday from Hao Yun (a Mechanical Engineer at CNOOC) translates to:

​"Congratulations, the helium development in Tanzania is progressing smoothly. Looking forward to commercial development!"

Not sure this points to anything other that a congrats, but worth sharing here.

Although I remain largely positive, in my mind, there are a few scenarios that could turn this either way.

For example, does James Smith leaving raise a concern, or is he being replaced by someone who is considerably more capable of taking the company to a new level. 🤔

Are the company poor at PR or is there a strategic reason to keep it low key, especially if say a Space X/Xai is in the making or a consortium who have been planning a JV for a while.

All I will say is that today is a big deal! It may go quiet again for a while after or it could be that all cogs are now aligned and Helium One lights up in a firework of PR and become the saviour of Artificial Intelligence advancements.

All eyes on the prize. 🤪

Who knows, maybe we'll see an RNS on Friday 1st May making the big JV announcement where they declare a partner/consortium of partners, all in preparation for the official signing of the state participation agreement for Songwe Ltd. 🤔

I like this phrase too...

Tanzania is not just participating, it is positioning itself as a future supplier of strategic importance!

RNS announcements could start flowing on tap.....que PubCrawl! 🤪

That should have read Crusty, but I'm sure Peaky agrees too. 👍

Agreed Peaky and ITV!

Tanzania’s state participation agreement means the government is formally taking a 17% free-carried stake in Helium One’s Southern Rukwa project through the JV structure. In simple terms, it’s a big de-risking step that brings the project closer to development and puts a nice big tick in the 'legal agreement JV tick box'...

Has anyone else seen this by the ministry of minerals.... 4 days to go before the signing of the state participation agreement! 🤝

https://www.linkedin.com/posts/mining-helium-tanzania-share-7455290022548697088-703J?utm_source=share&utm_medium=member_android&rcm=ACoAABfDQZUBB4maueVdepD8QITT3_5hWUBx6mk

Here is a good article showing global helium production.

https://share.google/Cc6mDqUbM4kzFgTLJ

I'd be steering towards the second option MCNol. I read it that the BOD are showing a long term commitment under their employment in Helium One to all potential industrial partners. Invest we us an we will see it through!

Thank you for delivering a reassuring article Lorna, just in case you read any of our posts!

"Our goal is to secure an industry-led farm out that allows us to aggressively accelerate the appraisal and development of the Itumbula-Tai complex while preserving our existing cash reserves for production-ready milestones."

I read this as a location specific clue - Itumbula-Tia, these indicate the two area(s) optimal for new wells where the shallow karoo juxtaposes the fractured basement!

This area is also referred to as development complex! Very reassuring!

HE1 are using the farm out to aggressively accelerate the appraisal to preserve their existing cash for production-ready milestones! Number one, this indicates they are in this for the long haul. Number two, they are using the JV to fund the appraisal stages of development and further exploration until production is hitting certain milestones or they are close to completion where they can use their own capital to complete the production and start to generate income out of Tanzania.

With this news, all of my Helium Champagne dreams have all come true at once. 😁

There is no blanket rule that every physical move must be announced as a standalone RNS. In UK markets, the key test is whether the information is inside information or otherwise price-sensitive enough to require prompt disclosure, rather than whether the asset simply changed location. Given a rig move might constitute insider information as to the next move forward, they gave a breadcrumb rather than an RNS.

How do you know the rig hasn't been moved Triple, there was a clue saying it was no longer hot stacked.

Rift are either standing on the coat tails or they are keeping the area in the family, until such a time that Helium One can buy the prospecting licence back at some stage in the future rather than allowing another company to buy it.

Https://www.linkedin.com/posts/educators-in-vr_vr-education-hydrogen-activity-7448376763279130624-6HEo?utm_source=share&utm_medium=member_android&rcm=ACoAABfDQZUBB4maueVdepD8QITT3_5hWUBx6mk

Look at the cost saving when trying to weld, it's like 90% of the practical cost!