Power Metal Resources plc has discovered an “extremely strong” helium anomaly in the centre of its Perch River uranium project within the Athabasca basin, Saskatchewan. EXPECTATIONS The company recently acquired the two-year Perch River licences, covering 39.41km2 and located less than 10km from the northern basin edge. Chief executive officer Sean Wade said that the indications could be […]
Tag: helium
Helium One reduces licence area
Helium One Global plc has reduced its licence area by 1,548 km2 ahead of its Phase II exploration drilling of the Tai prospect in early 2023 at the Rukwa project in Tanzania. FOOTPRINT Helium One conducted a review on a prospecting licence footprint in the Rukwa Rift Basin totalling 3,448 km2. Following the review, the […]
Helium One identifies priority drill target
Helium One Global said it had identified a priority drill target at the Tai prospect at its Rukwa (100%) project area in Tanzania. DRILLING The company added that the drill location was guided by Phase II seismic which had improved definition of the Tai structure and identified an untested closure in the Lake Beds. Well […]
Helium One seismic identifies new areas of interest
Helium One Global Ltd said its phase II seismic data had identified multiple areas of interest with potential new closures at its Rukwa project in Tanzania. 2D SEISMIC The company added that the potential closures were at both the Lake Bed and Karoo Group levels. Previous 2D seismic did not cover the area surveyed meaning […]
Helium One awards management stock options
Helium One Global Ltd said it had awarded management stock options to new members of the management team. CAPITAL The company added it will issue 6,000,000 options to acquire ordinary shares at a strike price of 13p to new members of the management team. The options vest over a three-year period in three equal tranches. […]
Helium One confident over 2022 exploration
Helium One Global said it was in a strong position and well financed to deliver a further ambitious exploration programme at its 100% owned Rukwa project in Tanzania. FINANCES In its audited results for the year ended 30 June 2021, the company’s net assets were $28,536,258 compared with $7,783,836 at 30 June 2020. Helium One […]