Appointment of Canaccord Genuity as Joint Broker

RNS Number : 7080R

Helium One Group Ltd

10 March 2021

 

10^th March 2021

Helium One Global Ltd

 Appointment of Canaccord Genuity as Joint Broker

Helium One (AIM: HE1) ("Helium One" or "the Company"), is pleased to announce the appointment of Canaccord Genuity as the Company's joint broker effective immediately.  Canaccord Genuity bring global reach and increased access to institutional investors to assist in financing the future development of Helium One's Rukwa project.

David Minchin, Chief Executive Officer, commented:

"We are delighted to welcome Canaccord Genuity as part of the Helium One team, which demonstrates the growing sophistication of the Company as we move towards discovery .  Although Helium One is financed for its current exploration programme, Canaccord are well placed to assist the Company in securing future institutional investment as the project matures into development.  Canaccord's global reach will enable the Company to access institutional investors from UK, European, North American and Australian markets as we continue to develop the globally strategic Rukwa helium project."

For further information please visit the Company's website: www.helium-one.com  

Contact

Helium One Global Ltd David Minchin, CEO	[phone]
Beaumont Cornish Ltd (Nominated Adviser) James Biddle Roland Cornish	[phone]
Canaccord Genuity Limited (Joint Broker) Adam James	[phone]
Peterhouse Capital Limited (Joint Broker) Lucy Williams	[phone]
Tavistock (Financial PR) Nick Elwes	[phone]

Notes to Editors

Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One's subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume. 

The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km² in south-west Tanzania.  The project is considered to be an advanced exploration project and the company has identified 21 prospects and 4 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seeps analysis.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1.

 

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