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Rift Helium Ltd on Wednesday said it plans to on London’s AIM and that it is in the final stages of its application for admission. The company, which says it is targeting ‘clear near-term catalysts’ at its Upepo project in Tanzania which includes helium exploration, also said that it has secured commitments to raise about £8.0 million in gross proceedings through placing and a direct subscription. Rift Helium expects to be admitted to trading in mid-April. The Bristol, England-based company, owns 99% of the Upepo project via its subsidiary, and plans to ‘actively pursue the exploration, commercial development and monetisation of a discovery-ready, non-hydrocarbon associated helium-rich gas within the Great Rift Valley’. The project itself consists of three prospecting licences in which the company identified five discrete exploration leads, primarily just kilometres away from another helium discovery, and an independent report determined an unrisked prospective best estimate of over 19 billion cubic feet of recoverable helium from the area, Rift said. The board will be made of two executive directors and three non-executive directors, with the non-executive chair based in Tanzania while the other directors being based in the UK and the US. Chief Executive Officer Charlie FitzRoy said: ‘Rift Helium is seeking to enter the market at a time when helium has become more strategically important than ever. Recent disruption to Qatar’s natural gas supply has highlighted how concentrated and vulnerable global helium supply can be, reinforcing the need for new primary helium sources.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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