London Stock Exchange welcomes Rift Helium plc to AIM
London Stock Exchange welcomes the admission of Rift Helium plc to AIM, a primary helium exploration and development company focused on providing smart access to primary helium in Tanzania’s proven Rukwa Basin.
Rift Helium is advancing the Upepo Project, located across 283 km² of strategically positioned licences in one of the world’s most prospective helium provinces. Previous drilling by earlier entrants has confirmed a working helium system in the basin, shifting the key question from whether helium exists, to where it accumulates in commercial volumes.
The proceeds from Admission will be used to progress the Company’s exploration and appraisal programme, beginning with planned 3D seismic this year, followed by drilling in H1 2027.
Rift’s strategy is to apply the lessons from earlier activity in the basin to a more targeted and capital-efficient exploration approach. In doing so, the Company aims to support the development of a future primary helium supply chain in Tanzania, a country well positioned to serve major helium import markets, with the largest and fastest growing being Asia.
“Admission to AIM marks an important milestone for Rift Helium as we accelerate our objective to develop a new source of primary helium. Our focus is clear: to identify where helium accumulates in commercial volumes and to progress a disciplined work programme designed to unlock the potential of the Upepo Project. Tanzania has the opportunity to become an important new source of primary helium, supporting a future helium supply chain that can serve global markets. Today represents a significant step forward for Rift Helium as we work to support the future supply of a critical gas that modern technologies depend on.”
Charlie FitzRoy
CEO of Rift Helium plc
