Helium One Global Ltd Announces Southern Rukwa Mining Licence – Formal Acceptance
Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA is pleased to provide the following update on its southern Rukwa Helium project in Tanzania.
Highlights
The Company has formally accepted the offer of a Mining Licence (“ML”) for the southern Rukwa Helium Project as issued by the Mining Commission (“MC”) in Tanzania
The area granted by the Mineral Right is the entire 480km2 that was applied for in September 2024, and covers the southern Rukwa Helium province in the Momba, Sumbawanga Urban Districts in the southern Rukwa Basin
The National Environment Management Council (“NEMC”) and Ministry of Environment in Tanzania have also completed their review of the Environmental and Social Impact Assessment (“ESIA”) that was filed as part of the ML application, and the ESIA has been approved and an Environmental Impact Certificate (“EI Certificate”) has now been issued to the Company
Pursuant to acceptance of the offer, the Company has also paid the first annual license fee and anticipates the formalities of the award to be completed shortly.
