Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) told investors it has received an offer letter from the Mining Commission in Tanzania, for a Mining Licence (ML) covering its southern Rukwa Helium Project.
The licence area spans approximately 480 square kilometres, in line with the company’s initial application.
The company is currently reviewing the offer and its terms.
"As we continue to drive forward, this achievement for the company marks a milestone in our progress as the primary helium company in Tanzania,” chief executive Lorna Blaisse said in a statement.
“This historical moment, for both the company and for Tanzania, is the first ML to be offered for helium in Tanzania and also the first of such a significant size.
She added: “I would like to express my appreciation to the Ministry of Minerals and the Mining Commission for their support of this application and project, and for entrusting the Company in paving the way for this flagship commodity sector in-country.”