REG - Helium One Global Ld - Galactica Development Update

Helium One GlobalAnnouncement

31/10/2025 07:00

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RNS Number : 6668F  Helium One Global Ltd  31 October 2025

 

 

 

31 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

·      Construction has commenced on the production facility pad and
gathering system

·      First helium production on schedule for December 2025

 

Details

Blue Star confirm that contractors, Redbud Partners LLC and PVC, broke ground
on both the production facility pad and the gathering system yesterday, and
remains on schedule to deliver first gas in December.

Site works are underway for the 120m x 150m production facility pad and
concurrent upgrade of the immediate access road, which will prepare the site
for the delivery and installation of production equipment. The procurement and
delivery of all major production components is proceeding on schedule.

The gathering system is designed to incorporate future infill and expansion
wells and will include taps and risers set for connection of future wells.
Construction is starting at Jackson-31 followed by the main trunkline and then
extending out to the other existing wells and finally connecting to the Pinon
Canyon Plant site.

The Company remains on schedule to deliver first helium in December and first
CO(2) for sale in H1 2026.  The Galactica Pinon Canyon Plant is planned to be
ramped up to full capacity as wells are progressively tied in during H1 2026.

 

Blue Star's CEO on location at the Pinon Canyon Plant site as construction
starts ahead of delivery and installation of construction equipment.

 

Redbud Partners LLC start construction of the gathering system from the
Jackson-31 well location, prior to moving onto the trunkline and connection to
the Pinon Canyon Plant site.

 

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

 Saskia Sizen

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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