Having earlier this month received firm commitments from institutional and sophisticated investors to raise exploration capital, Noble Helium has been further boosted by the renewal of six exploration permits at its North Rukwa project in Tanzania.
Noble Helium was founded in early 2017 with the ambitious mission to procure a global-scale, independent helium supply to counter the geopolitical risks it believes the market is increasingly vulnerable to.
The Australian-based company is also conscious of the other side of helium’s traditional supply chains – as a by-product of natural gas extraction and processing. Like so many others emerging in the helium industry today, the company is concerned about that sense of sustainability in global helium production.
As a result, Noble Helium is a ‘ground-floor investment’ in the Rukwa Basin in Tanzania, part of the famous East African Rift and in its view, potentially the world’s largest global-scale primary helium reserve. It is targeting a market share of 16% (1Bcf per annum) and has spent the past 5+ years exhaustively examining both the global helium market and the Rukwa Basin itself.
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