Primary exploration firm Rift Helium is to list on London Stock Exchange’s Alternative Investment Market (AIM) market from the middle of April.
The company has already raised £8m which will support environmental impact assessment approval, 3D seismic-led prospect definition and drilling at the 238 sq km Upepo project in southwest Tanzania. Well targeting and drilling are planned for the first half of 2027 and up to 41 bcf has been identified in the ‘flagship’ licence block.
The project, located in the Rukwa Basin, benefits from access to existing transport infrastructure, including road and rail links to the port of Dar es Salaam, supporting future export routes to major international helium import markets with 90% of it split between Asia (around 60%) and the EU (30%).
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