REG - Helium One Global Ld - Galactica Project Update

Helium One GlobalAnnouncement

20/01/2026 07:00

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RNS Number : 5846P  Helium One Global Ltd  20 January 2026

 

 

 20 January 2026

 

Helium One Global Ltd

("Helium One" or the "Company")

 

Galactica Project 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
activities at the Pinon Canyon Plant on the Galactica Project.

 

Highlights

•   First helium gas achieved in December 2025

•   Operational focus has now shifted to stabilising production throughput

•   First helium tube trailer currently onsite for filling and early
revenue

•   Blue Star is pursuing short-term contracts to secure immediate cash
flow and long-term partnerships for stable revenue

•   Further revenue growth expected during H1 2026 through additional well
tie-ins and infill

 

 

 

Plant Optimisation and Commercial Readiness

Technical teams are now onsite at the Pinon Canyon Plant, where the focus is
on optimising processing equipment and stabilising throughput to meet the
delivery requirements of Blue Star's initial short‑term offtake agreements.
This optimisation phase is a key step in ensuring that the facility - the
newest helium processing plant of its kind in the United States - is operating
at peak performance as production volumes scale.

As part of this commissioning and refinement work, a recycling container and
the first offtake helium tube trailer are on location and are receiving
saleable gas. A standard steel helium tube trailer typically holds ~170,000
scf (170 Mscf) of compressed helium. Based on the value metrics set out by
Blue Star, each fully loaded trailer represents an estimated gross value of
between US$59,500 and US$102,000.

Offtake Strategy

The achievement of first gas at Galactica represents a major operational and
commercial milestone for the Joint Venture, demonstrating clear progress
toward establishing a reliable, scalable supply source in the U.S. helium
market.

The Galactica Project is emerging as an attractive new domestic supply option
for U.S. helium and CO₂ buyers seeking to diversify and strengthen their
sourcing portfolios. The Blue Star teams have been engaging directly with a
wide spectrum of potential customers, ranging from large‑scale transport and
bulk storage providers to mid and small‑scale transport operators, packaged
gas distributors, and key end‑use sectors.

Blue Star is targeting a balanced mix of short‑term sales arrangements,
providing immediate cash flow and longer‑term offtake agreements, offering
more predictable, stable revenue as production increases.

Planning is well advanced for additional tie‑ins and infill drilling,
designed to expand supply to the Pinon Canyon processing plant. These
activities form a core part of the Joint Venture's strategy to scale gas
processing capacity and deliver meaningful revenue ramp‑up through 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

 Phoebe Bunce

 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 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 initial Galactica wells were tied into production in Q4
2025, with further wells coming onstream in 2026 for both helium and CO(2)
production.

 

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