Helium One Global (HE1) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with formal resolutions, company update, and Q&A session, highlighting a transformational year with Tanzania's first helium discovery and US expansion.

• Attendees were informed about the process for submitting questions and voting procedures.

Overview of voting outcomes

• Resolutions five and six were withdrawn; only four resolutions were put to a poll.

• Resolution 1 (accounts): 107 million in favor, 141 million against; not carried (advisory only).

• Resolution 2 (auditor reappointment): 244 million in favor, 1.7 million against; carried.

• Resolution 3 (director reappointment): 226 million in favor, 3 million against; carried.

• Resolution 4 (director re-election): 88 million in favor, 3 million against; carried.

Financial performance review

• Reported a loss of US $11 million for the year, including US $5.6 million in impairments and a 5% increase in G&A expenses.

• Raised £4.7 million via a company-led placing and £6.43 million for US project acquisition.

• Multiple targeted fundraises were completed for specific operational needs.

• Fully funded for the next 12 months, with a clean bill of health from auditors.

• General and administrative expenses were tightly controlled despite increased activity.