REG - Helium One Global Ld - Galactica Development Update

Helium One GlobalAnnouncement

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RNS Number : 0736D  Helium One Global Ltd  13 October 2025

 13 October 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

·      Lease agreement signed with Kinder Morgan for CO(2) processing
equipment

·      Gathering system design nearing completion and installation will
commence shortly

·      First Helium and CO(2) production on schedule for December 2025

 

Amine Unit Details

The amine unit comprises a 300 gallons per minute amine plant with flash tank,
amine contactor, inlet gas filter separator and outlet gas scrubber.  Blue
Star plans to process up to 4.2 million cubic feet per day ("MMcfd") of raw
gas to produce up to 37,000 tons per annum of high purity CO(2) at full
capacity.

Blue Star's wholly owned subsidiary, BNL (Enterprise) Inc, has entered into
the equipment lease agreement with Kinder Morgan Treating LP. The agreement
has a primary term of two years and will automatically renew for successive
one-year terms unless terminated by either party giving at least 30 days'
notice prior to the renewal.

Kinder Morgan Inc (NYSE: KMI) is a leading energy infrastructure company in
North America; with extensive expertise in the carbon dioxide market built up
over decades of operational experience, ranging from production using amine
treating units at gas processing facilities, to its role as the continent's
largest CO(2) transporter. Kinder's integrated expertise makes it a key
equipment and service provider for both enhanced recovery and the emerging
carbon capture, utilisation and sequestration market.

Galactica Project Development Update

The project continues to progress, with foundational and preparatory work now
largely complete. Overall project scheduling demonstrates that activities are
on track for commissioning and operational readiness during December 2025.

Well site tie-ins, gas gathering system and facility site construction
planning is being finalised, with a scheduled construction mobilisation in
October.

The Company remains on schedule to deliver first helium in December 2025 and
first carbon dioxide for sale in H1 2026. When first gas is produced in
December 2025, the CO(2) will initially be removed prior to the helium
recovery unit ("HRU") via the amine plant, and a helium-enriched stream (with
reduced CO(2)) will be put through the HRU. The mobilisation and tie-in of
equipment to liquify the high purity CO(2) stream to sellable grade will occur
in H1 2026.  The Galactica plant is planned to be progressively ramped up to
full capacity as additional wells are gradually tied in during H1 2026.

 

For further information please visit the Company's
website: www.helium-one.com (http://www.helium-one.com/)

 

 

 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

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.

 

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