Helium One Global Ord Shs HLOGF

Chemicals Specialty Chemicals

Helium One Global Ltd is a United Kingdom-based primary helium explorer in Tanzania. The Company's Rukwa, Balangida, and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. The assets lie near surface seeps with helium concentrations ranging up to 10.6% helium by volume. All its licenses are held on a 100% equity basis. The Company's flagship Rukwa project is located in southwestern Tanzania within the Rukwa Rift basin which occupies the western branch of the East Africa Rift System (EARS) covering approximately 1,900 square kilometers (km2) in south-west Tanzania. This Project has proved an established helium system where the Itumbula West-1 exploration well has flowed 4.7% helium to surface. Its Balangida project area is located in north-central Tanzania. The Company's Eyasi Project has geological similarities to the Rukwa Project, demonstrating the potential to host a helium deposit.

OTCQB:HLOGF - Post by User

Helium One Global Ord Shs

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Post by E17on Apr 19, 2021 12:56pm

378 Views

Post# 33022461

Huge Potential Here!

First post on this board - do I win a prize?

This company just raised £10m in an oversubscribed placing, and is drilling (exploration and appraisal) wells for helium on their Rukwa prospect in Tanzania over the next couple months.

Surface seeps indicate 10% helium concentrations, and there's rumoured to be A LOT of helium down there.

Could be big, time will tell, but seems to be progresing pretty quick.

Usual risk warnings apply, DYOR etc.

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