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Noble Helium Ltd. ( (AU:NHE) ) has provided an announcement.
Noble Helium has restructured a $4.35 million VAT shortfall loan originally used to bridge delayed Tanzanian tax refunds, partially repaying and extending the remaining facilities to 30 June 2027 while reducing interest for several lenders and granting them conditional equity conversion rights and options. To support this refinancing and strengthen its balance sheet, the company has raised $2.15 million via a secured convertible loan note to professional and sophisticated investors, aligned the terms of an existing A$1.46 million secured loan with the new convertible structure, and says the changes remove a key hurdle to its broader refinancing and strategic turnaround, including implementation of the Rukwa drilling program this year.
The most recent analyst rating on (AU:NHE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Noble Helium Ltd. stock, see the AU:NHE Stock Forecast page.
More about Noble Helium Ltd.
Noble Helium Limited (ASX:NHE) is an Australian-listed company focused on exploring and developing helium resources, with current activities including the planned Rukwa drilling program in Tanzania. The company operates in the energy and industrial gases sector, targeting helium supply to meet growing global demand from high-tech, medical, and industrial markets.
Average Trading Volume: 261,070
Technical Sentiment Signal: Hold
Current Market Cap: A$22.78M
Learn more about NHE stock on TipRanks’ Stock Analysis page.