REG - Helium One Global Ld - Galactica Development Update

Helium One GlobalAnnouncement

18/09/2025 07:00

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RNS Number : 8566Z  Helium One Global Ltd  18 September 2025

 

 

 

 

18 September 2025

 

Helium One Global Ltd

 

("Helium One" or the "Company")

 

Galactica Development Update

 

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a
50% working interest in the Galactica-Pegasus helium development project in
Colorado, USA ("the Galactica Project"), provides an update following the
Blue Star Helium (ASX: BNL) ("Blue Star") announcement issued today regarding
the Galactica Project.

 

Highlights

·      Initial Galactica facility development is proceeding as planned

·      Site preparatory work now largely complete

·      First helium production on schedule for December

 

Details

 

The project continues to advance steadily, with foundational and preparatory
work now largely complete. All activities remain on track for plant
commissioning and operational readiness during December 2025.

Site pre-development activities have progressed and all relevant construction
permits now in place.

All surveying of gathering lines, the plant site and access road locations are
complete.

Final engineering plans for the gas gathering system are nearing completion,
and the contractor has been selected.

General facilities engineering is also nearing completion and critical
equipment packages have been selected.  Technology review and vendor
selection for the amine/CO(2) removal unit and the helium recovery unit are
both finalised, with the balance of plant equipment identification also
completed.  Elements of the amine/CO(2) removal unit are depicted in the
contractor's yard below.

The project remains on schedule to deliver first helium in December 2025 and
first CO(2) in H1 2026.  The Galactica plant processing facility will be
ramped up as wells are tied in during H1 2026.

 

Lorna Blaisse, Chief Executive Officer, commented:

"We are very pleased to see this phase of the development progressing towards
first gas in Q4. With contractor selection progressing and relevant permitting
in place, we are excited to see the installation and commissioning process
come to fruition over the coming months."

 

 

 

For further information, please contact:

 Helium One Global Ltd                                         +44 20 7920 3150
 Lorna Blaisse, CEO

 Graham Jacobs, Finance and Commercial Director

 Panmure Liberum Limited (Nominated Adviser and Joint Broker)  +44 20 3100 2000

 Scott Mathieson

 Gaya Bhatt

 Zeus Capital Limited (Joint Broker)                           +44 20 3829 5000

 Simon Johnson

 Louisa Waddell

 Tavistock (Financial PR)                                      +44 20 7920 3150

 Nick Elwes

 

 

Further information on the Company can be found on its website at
www.helium-one.com

 

Notes to Editors

 

Helium One Global, the primary helium explorer in Tanzania with a 50% working
interest in the Galactica-Pegasus helium development project in Colorado,
USA. The Company holds helium licenses within two distinct helium project
areas, across two continents. With an expanding global footprint, the company
has the potential to become a strategic player in resolving a
supply-constrained helium market.

 

The Company's flagship southern Rukwa Project is located within the southern
Rukwa Rift Basin in south-west Tanzania.  This project entering a full
appraisal and development stage following the success of the 2023/24
exploration drilling campaign, which proved a helium discovery at Itumbula
West-1 and, following an extended well test ("EWT"), successfully flowed 5.5%
helium continually to surface in Q3 2024.

 

Following the success of the EWT, the Company filed a Mining Licence ("ML")
application with the Tanzania Mining Commission in September 2024 and the
480km(2) ML was formally awarded to the Company in July 2025.

 

The Company also owns a 50% working interest in the Galactica-Pegasus helium
development project in Las Animas County, Colorado, USA. This project is
operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a
six well development drilling campaign in H1 2025. The completion of the
development programme is a key component of the broader Galactica-Pegasus
development strategy; aimed at progressing the helium and CO(2) discoveries to
near-term commercial production. This programme has seen a systematic approach
to developing the extensive Lyons Formation reservoir. The programme has
delivered encouraging results, in line with expectations, consistently
encountering good helium (up to 3.3% He) and CO(2) concentrations in the
target formation and demonstrating promising flow potential. The next steps
will see the Galactica wells tied into initial production in Q4 2025.

 

Helium One is listed on the AIM market of the London Stock Exchange with the
ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.

 

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