Advancing strategic assets across two continents to resolve a supply constrained helium market
About us
Helium One was founded to explore, develop, and ultimately become a producer of helium, a critical material essential in many modern technologies.
Helium One operates the southern Rukwa Helium Project, a globally unique, large-scale, high-grade, primary helium project in Tanzania, and also has a 50% stake in a 246km2 helium development project in Las Animas County, Colorado, USA with Blue Star Helium (ASX: BNL) as operator. The Company has the potential, and is looking to emerge as a strategic player in resolving a supply-constrained helium market.
831km2
Total secured Licensed area in Tanzania
7.6% He
Company declared Tanzania’s first helium discovery in 2024 from Itumbula West-1 well which flowed up to 7.6% helium
5.5%
5.5% Sustained helium flowed to surface from southern Rukwa Helium Project
10.4%
Surface helium seeps up to 10.4% in southern Rukwa
480km2
Company is finalising a 480km2 helium Mining Licence to strategically develop and commercialise the southern Rukwa Helium Project
Rig
Company owned drilling rig, located in Tanzania
50%
50% stake in a 246km2 helium development project in Colorado, USA
3% He
Successful development drilling campaign in Colorado in 2025 saw appraisal wells flow up to 3% helium
First gas
Galactica-Pegasus project on track to production with first gas expected in Q4 2025
The southern Rukwa helium play (831 km2) is located within the Rukwa rift basin along the margin of the Tanzanian Craton in south-west Tanzania. This helium play is positioned near surface seeps with helium concentrations ranging up to 10.4%, with no associated hydrocarbons or CO2 and only nitrogen as the carrier gas. Helium One’s Tanzania licences are held on a 100% equity basis.
The Company’s flagship southern Rukwa Helium Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is entering an appraisal and development stage following the success of the 2024 exploration drilling campaign, which led to a helium discovery on the Itumbula West-1 (“ITW-1”) well. During an extended well test (“EWT”) in Q3 2024, ITW-1 successfully flowed 5.5% helium continually to surface and up to 7.6% helium was measured from the faulted Karoo and fractured Basement plays.
The ITW-1 discovery is globally unique as it is one of the very few helium projects which does not have any associated hydrocarbons or CO2, firmly positioning it within the “green” helium space.
Following the success of the EWT, the Company has now been offered a 480km2 Mining Licence (“ML”) by the Mining Commission of the Tanzanian Government. The ML area will retain the Itumbula, Tai and southern prospective areas to allow for a commercial development.
In 2023, the Company purchased its own rig: a Epiroc 220 drilling unit, which meets with international oil and gas specifications, and imported it into Tanzania where it currently resides. This bold and strategic move enabled the Company to drill and evaluate its prospects in the southern Rukwa Basin and move quickly to a testing phase after the ITW-1 discovery. Ownership of this rig will also enable the Company to fast-track the appraisal and development phase of the Rukwa Project once the ML is awarded.
In order to progress the Company’s strategy of becoming a diversified helium player, the Company has also acquired a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA, which covers an area of 246 km2 (61,000 gross acres). This project is operated by Blue Star Helium Ltd (ASX: BNL). Confirmed discovery wells in the region have flowed up to 6% helium (average of 3%) as free gas and the wells are close to existing helium infrastructure. Blue Star drilled the State-16 development well in June 2024 which flowed 1.9% helium and 70% CO2 at 285 thousand cubic feet per day. In H1 2025, the joint venture successful completed a six well development programme, which saw wells flow helium up to 3% and is currently on track to production, with first gas expected in Q4 2025.
Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.