Noble Helium Limited (ASX:NHE)

ALERT: Price-sensitive ASX Announcement for NHE

Current share price for NHE : $0.028 0 (0%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

28 Apr 2026 8:21AM

Price at Release

$0.028

Full Release

Summary

Noble Helium Limited's quarterly activities report for the period ending 31 March 2026 highlights the strategic focus on the North Rukwa Project in Tanzania, which is positioned to become one of the top global helium reserves. The company has enhanced its governance structures by establishing an Advisory Board and is preparing for a drilling campaign in the second quarter of 2026. The report details financial activities including a cash balance of $0.045 million at the end of the quarter. A significant post-quarter-end placement raised A$12.0 million to fund upcoming exploration and appraisal activities. The company's strong investor relations are evidenced by substantial support from institutional investors.

Key Points

North Rukwa Project in Tanzania aims to be the world’s third largest helium reserve.
Governance structures improved, including establishment of an Advisory Board.
Cash at hand was $0.045m as of 31 March 2026.
Post quarter-end placement of A$12.0 million announced.
Upcoming drilling campaign scheduled for Q2 CY2026.
Focus on maximizing North Rukwa’s resource position.
Exploration and appraisal activities to support resource build.
Convertible loan note issued to raise funds.
Strong institutional investor support for placement.
Advisory Board with international experts appointed.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.