Noble Helium Limited (ASX: $NHE) has announced a Share Purchase Plan (SPP) to raise up to $3.5 million (before costs). The SPP offers Eligible Shareholders the opportunity to subscribe for new fully paid ordinary shares in the capital of the Company at an issue price of $0.09 per SPP Share. The funds raised will primarily be used towards developing additional targets at the Company's North Rukwa Project in Tanzania and early exploration activities at the Company's other licence areas in Tanzania.
Noble Helium is committed to advancing its projects along Tanzania's East African Rift System to meet the increasing demand for helium in high-tech applications. The SPP will enable the Company to raise necessary funds for the development of identified targets and exploration activities, aligning with our goal of providing a primary, carbon-free source of helium to address the supply-demand imbalance in the global marketplace.
Noble Helium (ASX: $NHE) has announced a Share Purchase Plan to raise up to $3.5 million, with the funds primarily allocated for the development of additional targets at the North Rukwa Project in Tanzania and early exploration activities at other licence areas. The Company aims to address the growing demand for helium, particularly for cleaner 'green helium' sourced from non-carbon environments, to meet the needs of modern high-tech applications. The SPP presents an opportunity for Eligible Shareholders to participate in the Company's strategic initiatives and contribute to its vision of providing a sustainable and geo-politically independent source of helium.