Noble Helium (ASX: $NHE) receives first Tanzanian VAT refund

Noble Helium Limited (ASX: $NHE) has announced the receipt of the first Tanzanian VAT refund amounting to $1.285 million. The completion of the required audit process and review with the Tanzania Revenue Authority (TRA) facilitated the receipt of this refund. Additionally, the company has submitted all necessary documentation for the VAT refund for the period to 31 December 2023, totaling approximately $3 million.

Executive Commentary

This significant injection of funds will allow us to undertake further value adding exploration work in Tanzania beyond the planned appraisal of the probable gas cap identified at Mbelele.

Summary

Noble Helium Limited (ASX: $NHE) has successfully received the first Tanzanian VAT refund of $1.285 million and has completed the audit process for a VAT refund of approximately $3 million. The Managing Director & CEO, Mr Shaun Scott, expressed that this injection of funds will enable further value-adding exploration work in Tanzania. Noble Helium aims to address the growing global demand for helium by advancing its projects along Tanzania's East African Rift System, adhering to high ESG benchmarks. The company's focus on providing a primary, carbon-free, and geo-politically independent source of helium aligns with the increasing need for this scarce, tech-critical industrial gas in modern applications. The rising demand and constrained supply for helium, particularly for cleaner 'green helium,' present growth prospects within the global marketplace.