Result of AGM
Helium One Global Ltd announced that all resolutions were carried at its Annual General Meeting, with significant proxy votes in favour of each resolution, including over 670 million for Resolution 1 and over 669 million for Resolution 2. The company, which is a primary helium explorer in Tanzania and holds a 50% interest in the Galactica-Pegasus project in Colorado, USA, saw strong support for its proposals, indicating shareholder confidence in its ongoing operations and development strategies.
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Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, announces that at the Company's AGM held earlier today, all resolutions were carried. Proxy votes for the resolutions are detailed below:
| For | Against | Withheld | |
|---|---|---|---|
| Resolution 1 | 670,510,825 | 769,141 | 324,844 |
| Resolution 2 | 669,948,514 | 1,328,008 | 328,288 |
| Resolution 3 | 645,372,917 | 15,774,903 | 10,456,990 |
| Resolution 4 | 654,964,776 | 13,315,878 | 3,324,156 |
| Resolution 5 | 648,202,442 | 21,336,090 | 2,066,278 |
This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025.
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