Noble Helium raises $3.0 million for exploration activities

Noble Helium Limited (ASX:NHE) has secured firm commitments from institutional, sophisticated, and accredited investors to raise $3.0 million through a placement of 66,666,667 fully paid ordinary shares at an issue price of $0.045 each. The funds will primarily be used to support ongoing exploration activities in the North Rukwa and North Nyasa basins, exploration license renewals, and costs to proceed to dual listing on AIM.

Executive Commentary on Fundraising and Exploration Plans

The Company is pleased to have received firm commitments for the placement, which will enable us to continue our exploration efforts in the North Rukwa and North Nyasa basins. The funds raised will also support our plans for dual listing on AIM, demonstrating our commitment to expanding our presence and activities. We are focused on acquiring and analyzing the necessary data to finalize drilling locations and are looking forward to commencing the drilling component of the appraisal program once all approvals are in place.

Summary of Noble Helium's Fundraising and Exploration Plans

Noble Helium (ASX:NHE) has successfully raised $3.0 million through a placement of 66,666,667 fully paid ordinary shares at an issue price of $0.045 each. The funds will primarily be allocated to ongoing exploration activities in the North Rukwa and North Nyasa basins, exploration license renewals, and costs associated with proceeding to dual listing on AIM. The Company is also progressing with the acquisition and analysis of geophysics data to finalize drilling locations, with plans to commence the drilling component of the appraisal program upon receiving necessary approvals. This fundraising reflects Noble Helium's dedication to advancing its exploration initiatives and expanding its market presence.