Helium One hails strategic potential of Tanzanian helium project following independent resource assessment

Helium One Global's Southern Rukwa project in Tanzania has received an independent Competent Person’s Report (CPR) from Sproule ERCE, confirming significant helium resources. The assessment identified contingent resources of 295.8 million standard cubic feet (Mscf) (2C) and up to 1.35 billion Mscf (3C), with additional prospective resources reaching 3.23 billion Mscf (3U). This validation positions the project as a potentially strategic African helium development capable of materially impacting a supply-constrained global market, enabling the company to advance towards early-stage development under Tanzanian mining legislation.

Analysis

Helium One Global has materially advanced its southern Rukwa project in Tanzania with the completion of an independent Competent Person’s Report (CPR) by Sproule ERCE. The report validates the company's geological model, confirming 2C (mid-range) contingent resources of 295.8 million standard cubic feet (Mscf) and a 3C (upside) case of 1.35 billion Mscf within the designated mining licence area. This external validation is critical, as it underpins the project's strategic potential in a supply-constrained global helium market and supports the company's mining licence application. The CPR is noted as the first of its kind for a definitive helium licence area in Tanzania, providing a clear regulatory pathway for development under the Ministry of Minerals. While the project's status is currently "Development on Hold," the successful CPR provides the necessary confidence and technical foundation for the company to focus on finalizing the licence and advancing towards a phased development plan, starting with an early production system.

Key Decisions for Investors

• The positive Competent Person's Report substantially de-risks the Rukwa asset's resource base, providing a key validation milestone that could support a bullish outlook on the company.
• Monitor the finalization of the Tanzanian mining licence as the critical near-term catalyst, as its execution is the gatekeeper to moving the project into the development phase.
• Evaluate the company's ability to finance the multi-stage development plan, as the CPR outlines a long-term, capital-intensive path from an initial 5-well system to a full 66-well field.
• Factor in the project's strategic positioning within a supply-constrained helium market, which could provide significant pricing power and offtake interest if development proceeds successfully.