Latest news with #helium
Yahoo
15 minutes ago
- Business
- Yahoo
Helium One Global Ltd Announces Introduction of Employee Benefit Trust Scheme
LONDON, UNITED KINGDOM / / June 10, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA announces that the Company has established an Employee Benefit Trust ("EBT") for use as an incentive plan to ensure it can provide adequate equity incentive packages for its current and future management team. The Company intends to issue and allot 296,138,418 ordinary shares in the Company to the EBT ("EBT Shares") at nil par value. This represents approximately 5% of the Company's issued share capital at the date of grant. These ordinary shares shall be held in the EBT on trust pending transfer upon the vesting (or exercise, as the case may be) of awards granted, and for such other purposes relating to the ongoing recruitment, retention and incentivisation of employees as may be recommended by the Company from time to time and subject to the approval of the Remuneration Committee and the trustees of the EBT. The beneficiaries of any future distribution of EBT Shares to employees and directors will be notified upon determination. Application will be made to the London Stock Exchange ("LSE") for admission of the EBT Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the EBT Shares will commence on AIM at 8.00 a.m. on13 June2025. The EBT Shares will rank pari passu in all respects with the Company's existing Ordinary Shares. Following Admission, the Company's issued share capital will consist of 6,218,906,777 ordinary shares with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules. For further information please visit the Company's website: Contact Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure Liberum Limited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell +44 20 3829 5000 Tavistock (Financial PR) Nick Elwes Tara Vivian-Neal +44 20 7920 3150 Notes to Editors Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market. The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licences are held on a 100% equity basis. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Business
- Yahoo
Helium One Global Ltd Announces Galactica Project Update
Completion of Successful Drilling Campaign on Galactica-Pegasus Project and State-9 Flow Test Results and Gas Analysis Update LONDON, UNITED KINGDOM / / June 10, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), provides an update following the Blue Star Helium (ASX:BNL) ("Blue Star") announcement issued today regarding the Galactica Project. Highlights Successful completion of the 2025 Galactica development drilling programme; significantly advancing the Galactica-Pegasus helium and CO2 project Consistent positive results across all six wells in the programme confirms the production potential and near-term monetization opportunity Well results support finalizing the development plan and fast-tracking to commercial production Next steps include advancing the Galactica wells to initial production in Q4 2025, utilizing the planned processing facility State-9 flowed naturally during drilling and at Total Depth ("TD") Flow rate at State-9 since TD has increased to over 360 thousand cubic feet per day ("Mcfd") Projected Stabilized Flow Rates are 400 Mcfd to 500 Mcfd constrained to optimize production, with a maximum potential rate of 600 Mcfd Early samples return helium concentration of up to 1.52% (air-corrected) and 80.48% CO2 Lorna Blaisse, Chief Executive Officer, commented: "This has been a successful development campaign, with consistently good flow rates and helium concentrations within the expected ranges. We appreciate the efforts of Blue Star in driving this operation, and very much look forward to the next steps in bringing these wells online and targeting first production and cash flow in Q4 this year. We have a clear development plan in place for the construction of the processing facility, the tying in of the wells and the subsequent testing and commissioning to take us through to first production and are excited about the wider field development potential across the Galactica-Pegasus resource." Details of Galactica Drilling Programme The completion of this six well development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium and CO2 concentrations in the target formation and demonstrating promising flow potential. The Galactica wells are summarized below: Next Steps: Finalizing Development Planning and Commercial Production Following the successful conclusion of the 2025 drilling campaign, the focus is now on advancing the Galactica development into initial commercial production from the Pinon Canyon Plant. This plant will be designed and operated by Cimarron Midstream (previously IACX Energy LLC) and will be installed close to the Jackson-31 well. Phase 1: Commercial Production from Pinon Canyon Plant (Target: Q4 2025) The primary target is to commence initial commercial helium production from the Pinon Canyon Plant. This will be achieved by tying in the initial group of producing wells to this helium and CO2 processing plant. Key activities to achieve this include: 1. Finalizing Plant Design: Engineering design studies for the Pinon Canyon Plant are advancing with flow data and gas analysis from the recently completed drilling campaign being integrated. The final design of the helium and CO2processing plant will be determined once all of the gas analysis and flow modelling has been completed. 2. Site Development: Civil works will commence at the approved Pinon Canyon Plant location once the final plant layout is determined. 3. Equipment Mobilization: Following site preparations, mobilization of the plant equipment to the Pinon Canyon site will be undertaken. 4. Well Tie-Ins and Compression: Tie-in of initial production wells, including any necessary well-site gas compression, will proceed alongside plant site civil works. 5. Commissioning: Upon completion of the Pinon Canyon Plant and individual well tie-ins, the plant will be tested and commissioned. This is subject to standard operational permits, environmental compliance, and final readiness assessments. This initial production phase is designed to provide early cash flow and invaluable operational data, which will be instrumental in optimizing full-field development plans for both the Galactica development and the broader Galactica-Pegasus Project. All production forecasts and commissioning timelines remain subject to a number of factors including: final engineering; regulatory approvals; equipment availability; and market conditions. Phase 2: Expanded Throughput and CO2 Monetization Following the successful commissioning and ramp-up of initial helium production from the Pinon Canyon Plant, Phase 2 will focus on increasing helium production and monetizing CO2 through the existing facilities. Increasing Helium Production: Expanding throughput at the Pinon Canyon Plant by drilling and tying-in additional production wells from the Galactica development area. Beyond the wells planned for initial production, the joint venture has identified an initial additional six to ten infill and expansion drilling locations at Galactica, based on recent results. A further 20 to 30 potential drilling locations have been identified within the greater Galactica-Pegasus Project area. In addition, to date, all production wells have been completed within the Upper Lyons Sandstone Formation. Future infill and expansion drilling will consider strategies for accelerating and optimizing production from the Lower Lyons Sandstone Formation, in conjunction with the Upper Lyons Sandstone Formation. The joint venture is currently evaluating the sequencing and prioritization of future drilling to maximize efficiency, production scalability, and resource recovery. CO2 Monetisation: The plant will require minor modifications to allow for integration of the additional CO2 purification and liquefaction process, that will allow production and commercialization of the project's significant CO2 resources. Marketing and Offtake Strategy The joint venture is actively developing its marketing and offtake strategy with a view to establishing operating partners across the entire helium supply chain. These include but are not limited to, securing distribution partners for transportation of both bulk liquid helium and gaseous helium, pursuing direct sales to end-users, targeting buyers who prioritize continuity and security of supply and aiming for long-term agreements designed to navigate helium supply and price cycles effectively. Development Strategy and Future Outlook This phased approach allows for efficient capital deployment and leverages early operational learnings from the Pinon Canyon Plant. Based on the future performance of the Pinon Canyon Plant and ongoing appraisal drilling success, the joint venture will also assess the potential for establishing a second processing facility at a new location to further develop the extensive resources within the Galactica-Pegasus Project area. Further updates will be provided to the market at key milestones during the development phase. State-9 Flow Test Results and Gas Analysis The State-9 well reached TD at 1,225 feet (373m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,165 feet (355m). As expected, no water was encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated. Flow testing since TD has revealed increasing natural flow rates, reaching approximately 360 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on the previous engineering study described below, and the observed flow rates, the projected stabilized flow rates constrained for production optimization are expected to be between 400 Mcfd to 500 Mcfd, with a maximum of 600 Mcfd. Initial laboratory analysis of gas samples from State-9 showed a helium concentration up to 1.52% (air-corrected) and 80.48% CO2 (and 17.69% nitrogen). The well has tested the far eastern extent of the Galactica project area. Understanding the flow potential and reservoir gas composition in this part of the field is key to defining the helium-CO2 development going forward. For further information please visit the Company's website: Contact Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell +44 20 3829 5000 Tavistock(Financial PR) Nick Elwes Tara Vivian-Neal +44 20 7920 3150 Notes to Editors Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licenses across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market. The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licenses are held on a 100% equity basis. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining License ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire
The Independent
5 days ago
- General
- The Independent
Child, 6, died after inhaling helium from a large Mylar balloon, medical examiner says
A six-year-old Illinois boy died after inhaling helium from a large, 'child-size' Mylar balloon just days after his birthday, according to officials. Gunnar Hyatt likely suffocated and died after inhaling helium from the balloon last Thursday, May 29, WFIE reported. Hyatt, who had just celebrated his sixth birthday eight days before, was examined by Wabash County Coroner Shaun Keepes at the family's home in Mt. Carmel, a city bordering the state of Indiana. Preliminary autopsy findings indicate that Hyatt's cause of death was consistent with suffocation due to a Mylar-helium filled balloon, Keepes said. Additional testing will be required to determine the boy's official cause of death, he added. Hyatt, born on May 21, 2019, in Evansville, Indiana, was remembered as a 'joyful and fun-spirited little boy whose laughter brightened every room and whose heart was full of adventure,' according to his obituary. The boy, whom his family affectionately referred to as 'Gunny Bunny,' loved being outdoors, playing baseball, fishing, or hunting, and cherished his parents and two older siblings. 'Gunner lived life with a fearless spirit, a playful heart, and a smile that will never be forgotten,' the obituary added. A GoFundMe set up to help the family described Hyatt as 'the craziest, most loving little boy.' It had raised over $19,000 as of Thursday morning. Following his death, the coroner's office hoped to raise public awareness about the potential dangers of large Mylar balloons that had been forgotten. 'While often seen as harmless decorations, these balloons can pose serious risks – particularly to young children – including the rare but devastating possibility of suffocation and/or helium toxicity,' Keepes said. The Mount Carmel Police Department and the Illinois State Police Child Death Task Force are also investigating the incident.
Zawya
6 days ago
- Business
- Zawya
Renergen Chief Executive Officer (CEO) Joins African Energy Week (AEW) 2025 Ahead of Virginia Phase 2 Project Start
Stefano Marani, CEO of gas producer Renergen, is set to discuss the company's South African projects and investment pipeline at the African Energy Week (AEW): Invest in African Energies 2025 conference. Taking place September 29 to October 3 in Cape Town, the event is the largest of its kind on the continent. As a major helium producer in South Africa, Renergen is well-positioned to lead discussions around opportunities for gas-driven growth in the country. As South Africa's only onshore gas producer, Renergen operates the Virginia Gas Project in the country's Free State province. The project – which restarted phase one operations in 2024 – produces 350 kg of liquid helium per day in tandem with a 2,700 gigajoules of LNG per day. Phase two is expected to begin in 2026, significantly increasing capacity. At AEW: Invest in African Energies 2025, Marani is expected to share insights into the role the project will play in South Africa's helium market. Providing an update on the project, Marani will delve into the impact investments in gas will have across the region. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. In May 2025, Renergen announced that U.S.-based ASP Isotopes made an offer to acquire 100% of Renergen's shares through a share-for-share offer. The acquisition, which is expected to close in Q3, 2025, will combine ASP Isotopes' expertise in isotope enrichment with Renergen's helium production capabilities, creating a company positioned to scale-up production and support South Africa's helium demand. The acquisition creates opportunities for horizontal business expansion, allowing the company to tap into strategic industries such as healthcare, nuclear, semiconductors and rocketry. The transaction also signals a strategic step for ASP Isotopes' expansion and comes as the company plans a second listing on the Johannesburg Stock Exchange later this year. In addition to creating a more integrated supply chain in South Africa, the acquisition provides an opportunity for Renergen to accelerate the development of the Virginia Gas Project. Phase two of the project comprises an expansion of current operations through several initiatives. These include drilling approximately 350-450 new productive wells; the construction of a gas gathering network of pipelines; the development of a 32,000 million British thermal units of LNG and 894 million cubic feet of liquid helium; as well as the deployment of 35 road tankers. As such, the project is expected to play an important part in meeting South Africa's demand for liquid helium while introducing a new source of fuel to the market through LNG. The Virginia Gas Project also produces LNG and Renergen aims to increase output to support domestic market growth. 'Gas is not a transition fuel for countries such as South Africa; it is a destination fuel. The country has significant amounts of natural gas reserves, most of which are underdeveloped. But companies such as Renergen are leading the way towards unlocking these resources and are expected to play an instrumental part in supporting South Africa's economic growth. Projects such as the Virginia Gas Project are vital for the country and more investments across the gas value chain will support sustainable growth in South Africa,' stated Tomás Gerbasio, VP Commercial and Strategic Engagement, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Yahoo
7 days ago
- Business
- Yahoo
Helium One Global Ltd - State-9 Well Drilled to TD and Free Gas Confirmed
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019. LONDON, UK / / June 3, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), provides an update following the Blue Star Helium (ASX:BNL) ("Blue Star") announcement issued today regarding the Galactica Project. Highlights State-9 well successfully drilled to total depth ("TD") of 1,225ft (373m) measured depth ("MD") with free gas confirmed by wireline logs Well flowed naturally during drilling and at TD, demonstrating good reservoir communication The well encountered 60ft (18m) gross pay of high-quality (22-26% porosity based on petrophysics from offset wells JXSN-1,-2,-3,-4 and Sate-16), gas-saturated sands in the Upper Lyons Sandstone Formation Samples sent to laboratory for analyses of helium and CO2 concentrations Well head being installed ahead of surface pressure readings and flow testing State-9 Well Drilling and Initial Flow Test Results The State-9 development well encountered the Lyons Sandstone Formation at a depth of 1,165ft (355m) MD and was completed 60ft (18m) into the Upper Lyons Sandstone Formation at 1,225ft (373m). The well exhibited strong natural flow during drilling and at TD, in line with the recent Jackson-2, Jackson-27, Jackson-29, Jackson-31 and Jackson-4 wells. Significantly, no water was encountered during drilling of the Lyons Sandstone Formation and wireline logs confirmed this. Based on offset wells, it is likely that the entire Upper Lyons Sandstone Formation, and a significant portion of the Lower Lyons Sandstone Formation will be gas saturated. State-9 targeted the highest quality sandstone at the top of the Upper Lyons Sandstone Formation, which is connected to the entire gas column. During the natural flow of the well, early gas samples were taken (note, these will be contaminated from air-drilling and will require air-correcting) and are being delivered for laboratory analyses of helium and CO2 concentrations. The well head installation is being completed ahead of surface pressure readings, flow testing and further gas sampling. It is anticipated that, upon successful testing at State-9, the well will be completed, ready to be tied-in to production facilities. The rig has now been released. Galactica/Pegasus Development The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US $450,000 of this well. The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project (see map below). Development of Red Rocks further supports the commercialisation of the Galactica Project. For further information please visit the Company's website: Contact Helium One Global LtdLorna Blaisse, CEOGraham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure Liberum Limited (Nominated Adviser and Joint Broker)Scott MathiesonNikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker)Simon JohnsonLouisa Waddell +44 20 3829 5000 Tavistock(Financial PR)Nick ElwesTara Vivian-Neal +44 20 7920 3150 Notes to Editors Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market. The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licences are held on a 100% equity basis. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL). Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Helium One Global Ltd View the original press release on ACCESS Newswire
