Rift Helium floats on AIM

Rift Helium plc, a primary helium exploration company, has successfully floated on the AIM market of the London Stock Exchange. The initial public offering raised approximately £8 million, with the funds allocated toward 3D seismic acquisition and exploratory drilling at the company’s Upepo Project in the Rukwa Basin of Tanzania.

Rift Helium focuses on the exploration and development of primary helium in a proven basin in southwest Tanzania, building helium supply to support future demands. They hold 283 km² of strategically positioned licences in Tanzania’s Rukwa Basin, next to confirmed helium discoveries, targeting where helium accumulates. Adopting cost-efficient drilling techniques to test structures and target economically recoverable helium reservoirs, supports Rift with a clear pathway toward commercial production.