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Helium One issued 702 million new shares for £1.65M to fund its Tanzania and Colorado helium projects.
Helium One Global Ltd announced it received £1.65 million in conversion notices under its July 2025 investment agreement, leading to the issuance of about 702 million new shares at 0.235p each, a 21.7% discount to the prior day’s closing price.
The shares are set to begin trading on AIM on September 25, 2025, increasing the company’s issued share capital to 7.7 billion ordinary shares.
The funds will support the development of its Southern Rukwa helium project in Tanzania, which recently secured a 480 km² mining license and confirmed helium flows of 5.5%.
The company also holds a 50% stake in a Colorado project with promising results, with initial production expected in late 2025.
The company is listed on AIM under ticker HE1.
Helium One emitió 702 millones de nuevas acciones por £1.65M para financiar sus proyectos de helio en Tanzania y Colorado.