Helium exploration company Helium One has appointed Graham Jacobs to its Board of Directors, effective immediately.
Jacobs has worked with the Helium One team since January 2022 and was appointed as Financial and Commercial Director in August 2023.
He is an experienced financial and commercial executive and holds over 30 years of experience in the natural resources sector.
James Smith, Chairman of Helium One, said, “We are delighted to welcome Jacobs to the Board of Helium One and look forward to utilising his expertise and continuing to work with him during this very exciting period of the company’s development.”
Back in August, Helium One announced that its Chairman, Ian Stalker, had stepped down after five years in the role.
Stalker has been replaced by James Smith, who has been a member of the Helium One Board since the company’s listing in December 2020.
Helium One holds 2,965km2 of prospecting licences in three areas: the Rukwa, Balangida, and Eyasi projects. These projects are all believed to have surface seeps with helium concentrations up to 10.6% helium.
Following the company’s phase one exploration programme in 2021, the Rukwa project is considered to have been significantly de-risked by the drilling of the Tai-1/-1A well which identified multiple prospective intervals with helium shows.
Both the Eyasi and Balangida projects are considered as early-stage exploration projects but are currently being evaluated by the subsurface team.
Helium Super Summit 2023
Four major global shortages in 18 years, and yet the greatest challenge facing the helium business in 2023/24 is the uncertainty that hangs over the market and its array of end-users.
The source of that uncertainty – and perhaps the enduring Helium Shortage 4.0 – is the terse geopolitical climate the world is engulfed in. Sourcing, shipping and supplying helium where it’s needed has arguably never been more challenging, or rewarding.
This new ‘gold rush’ has given rise to innovative helium extraction and production, with exploration activity on five continents. But at a time when demand growth is expected to accelerate, the supply chain is crunched and helium hotspots continue to come to the fore, the same cloud of uncertainty still hangs over this invaluable business.
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