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Noble Helium Limited (ASX:NHE)

ALERT: Price-sensitive ASX Announcement for NHE
Current share price for NHE : $0.027 -0.001 (-3.57%)+
Announcement
Release
30 Jul 2026 6:28PM
Price at Release
$0.028
Full Release
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Summary
Noble Helium Limited reported significant financial and operational activities for the quarter ending 30 June 2026. The company successfully raised A$12 million through a share placement and converted A$6.603 million of existing loans into equity, which significantly improved its financial position. They secured a rig for their upcoming Kinambo drilling campaign and completed 3D seismic reprocessing, enhancing operational imaging. Additionally, site preparations for the Kinambo-1 and Kinambo-2 wells are underway. The company reported a cash balance of A$6.689 million at the end of the quarter, with a negative net cash flow from operating activities of A$725,000. These moves position the company well for its strategic exploration and drilling activities in the North Rukwa Project. A new CFO was also appointed as part of a resource optimization effort.
Key Points
  • Noble Helium Limited raised A$12 million through a two-tranche placement of shares.
  • The company converted A$6.603 million of existing loans into equity.
  • A rig was contracted for the upcoming Kinambo drilling campaign as part of the North Rukwa Project.
  • The Kinambo 3D seismic reprocessing was completed, improving operational imaging.
  • Site preparation for Kinambo-1 and Kinambo-2 wells is underway.
  • Noble Helium's cash at the end of June 2026 was A$6.689 million.
  • The company successfully converted and retired significant amounts of debt.
  • Newly appointed CFO as part of resource optimization.
  • The company's consolidated cash flow report showed net cash from operating activities at negative A$725,000 for the quarter.
  • The company plans further exploration and drilling activities funded by the recent capital raise.
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.