"We are pleased with the response that we have seen during this placing. These funds will enable us to fulfil the next crucial phase of the Company's development including the deepening of Itumbula West-1 and the execution of the EWT. Which, combined with the successful award of the Mining License, will allow us to commence development phase for the first helium project in Tanzania."

Lorna Blaisse, CEO, Helium One (HE1).