Helium One Global (HE1) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with explanation of format, including formal resolutions, company update, and Q&A session.

• Quorum confirmed and notice of AGM and resolutions taken as read; two resolutions withdrawn before voting.

• Highlighted a transformational year with Tanzania's first helium discovery and expansion into the US market.

Overview of voting outcomes

• 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

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

• Multiple targeted fundraises: $10.2 million for extended well test, $8.2 million for U.S. operations, £4.7 million via placing, and £6.43 million for US project acquisition.

• Fully funded for current obligations/activity levels for the next 12 months; clean bill of health from auditors.

• General and administrative expenses tightly controlled despite increased activity.