Helium One Global Ltd’s chief executive officer David Minchin is stepping down from his post and the board with immediate effect to pursue other challenges.
LEADERSHIP
His replacement also with immediate effect is current principal geologist Lorna Blaisse.
He will remain available to the company in the short term to ensure an orderly transition.
“With Helium One fully funded for drilling at Rukwa and rig contract negotiations ongoing, it is an appropriate time for new leadership to come to the company and take ownership of the 2023 drilling campaign,” said Mr Minchin who was with the company for two and a half years.
“Although disappointed that I will not be a part of the team that ultimately delivers this, I am happy that I leave the company in a strong position.
“Helium One has an exceptional management team and board in place and is fully funded to move forward and deliver its strategy.
“I would like to thank all shareholders for their continued support during my time at Helium One, and express my gratitude towards all our employees, the Tanzanian government ministries as well as the local communities at Rukwa, Eyasi and Balangida – Asante.
“I wish the company every success in its upcoming campaign.”
MANAGEMENT TEAM
Non-executive chairman Ian Stalker added that Mr Minchin had grown and developed the company during his tenure, increasing operational capability and expanding geological knowledge of the Tanzanian helium systems.
“He leaves us in a strong position – fully financed and with an excellent management team in place – to execute our 2023 drilling campaign and to further grow the company to become a strategic supplier of helium to a constrained market.
“We wish David all the best of luck in his future endeavours.”