Helium One Global Ltd - Tanzania-focused helium exploration company - Completes farm-in agreement with Blue Star Helium Ltd at the Galactica-Pegasus project in Las Animas County, Colorado, US. Helium One earns a 50% interest rate in the project from its $1.5 million consideration payment and funding of the drilling of six development wells. Blue Star remains the project operator. Drilling is expected to start in the fourth quarter of 2024, with first helium production expected in the first quarter of 2025.

Chief Executive Officer Lorna Blaisse says: ‘In Tanzania, we await the official approval from the Ministry of Minerals, having submitted our comprehensive Mining Licence application for Helium One’s southern Rukwa helium project, encompassing the Itumbula and Tai areas for commercial development.’

Current stock price: 0.87 pence

12-month change:down 84%

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