Helium One Global Ltd
Canaccord Genuity acts as Joint Broker and Joint Bookrunner to Helium One Global Ltd on its £10 million fundraise
Canaccord Genuity’s Corporate Broking team is pleased to announce it has acted as Joint Bookrunner and Joint Broker on a £10.0 million placing and subscription for Helium One Global Ltd.
Helium One Global Ltd (LSE: HE1) (“Helium One” or the “Company”) focuses on exploring, developing, and ultimately, becoming a producer of high-grade helium for the international market, a critical material essential in modern technologies. Helium One holds 4,512km² of exploration licences in highly prospective helium provinces in Tanzania. The Company holds 100% of these licences and has exclusive rights to develop the assets, which all contain known helium occurrences and demonstrate ideal geological conditions for large, potentially commercial, levels of subterranean gas accumulation. Whilst most current helium production is as a low-grade by-product of fossil fuel production, the Company’s assets are believed to contain high grade and primary sources of helium, which are not associated with hydrocarbons.
Helium One intends to use the net proceeds of the fundraise to continue the fast-track development programme of the Company's Rukwa project in Tanzania, as well as enabling the Company to save significant time and costs by keeping drilling equipment in the field to carry out appraisal work immediately following intended exploration success. Lastly, proceeds will also allow contracting of 3D seismic over any discovery, maximising resource to reserve conversion and allowing completion of the majority of the field appraisal programme before the end of 2021.