Helium One Global Ltd. Stock Analysis HE1.L

Helium One Global Ltd. engages in exploration, commercial development, and monetisation of helium gas. The firm explores and develops natural helium deposits. Its segments are Tanzania, BVI, and USA. The Company’s flagship southern Rukwa Helium Project is licensed within approximately 480 square kilometers (km2) in the Rukwa rift basin in southwest Tanzania. This geological basin occupies the western branch of the East Africa Rift System, an area that contains surface helium seeps of up to 10.4%, without any associated hydrocarbons or CO2 and only nitrogen as the carrier gas. This Project has proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to the surface. The firm has acquired a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, the United States, which covers an area of approximately 246 km2.