IN BRIEF: Helium One Global arranges up to PS11 million equity raise
Helium One Global Ltd - helium explorer and project developer in Tanzania and the US state of Colorado - Secures £10 million in investment from three institutional investors and seeks to raise £1 million more in a retail share offer to fund the next phase of its operations in Tanzania and the US. The equity raise comes as Helium One receives confirmation of the award of the southern Rukwa mining licence by the Tanzania government. Helium One plans to start a further testing programme at the license area in the fourth quarter. The fund raise arranged by Marex Financial allows investors to convert their £10 million advance into shares at agreed discounts to Helium One’s market price at the time of conversion. The retail share offer will be at the same price as it will be used for the institutional investors, Helium One says.
Current stock price: 0.88 pence for £54.7 million market capitalisation
12-month change: down 36%
Copyright 2025 Alliance News Ltd. All Rights Reserved.