Noble Helium raises $12M for Tanzanian drilling

Noble Helium (ASX:NHE) announced firm commitments to raise $12 million through a strategic two-tranche institutional placement.

The capital injection, achieved at an issue price of $0.029 per share, will see the issuance of approximately 413.8 million new ordinary shares.

The funding milestone comes at a critical juncture for the company as it prepares to pivot towards high-impact operational activities in East Africa.

The placement enjoyed robust participation from a diverse cohort of new and existing institutional, professional, and sophisticated investors across both Australian and international markets.

According to the company, the substantial demand serves as a clear mandate of support for Noble Helium’s refreshed board and management team. It also underscores the strategic urgency of the project, given the ongoing volatility in the global helium export market caused by geopolitical friction in the Middle East.

Proceeds from the capital raise are earmarked primarily for the upcoming North Rukwa exploration drilling programme in Tanzania.

The campaign, scheduled to commence in the second quarter of 2026, represents a step towards unlocking what the company describes as some of the world’s most significant helium acreage.

Beyond drilling, the funds will support essential technical and appraisal work, as well as preparations for early commercialisation.

At the time of reporting, Noble Helium’s share price was $0.039.