REG - Helium One Global Ld - Galactica Project Update

Helium One GlobalAnnouncement

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RNS Number : 3822V  Helium One Global Ltd  05 March 2026

 

 

05 March 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" or "Operator") announcement issued
today regarding the Galactica Project.

 

Operator Reported Highlights

•   Amine unit now operational and removing CO₂ from the inlet gas
stream and providing a helium-enriched gas stream to the Helium Recovery Unit
("HRU"). The HRU is now filling the onsite tube trailer with refined helium
for sale under established spot-market arrangements

•   The operational team is continuing to optimise plant settings,
operating pressures and flow rates to ensure peak recovery efficiency

 

Integrated Operations and Helium Loading Reported by the Operator

Following the commissioning of the amine unit, the Operator has advised that
the Pinon Canyon Plant has commenced integrated operations. Raw gas is now
being processed through the amine unit to remove CO₂, with the resulting
helium-enriched stream being refined through the HRU before being pumped into
the tube trailer.

The Operator reports that a significant commercial milestone has been reached
with the plant currently filling a tube trailer with refined helium gas for
sale under established spot-market arrangements. While the facility is now
fully integrated and producing, the Operator is continuing to optimise plant
settings to maximize recovery efficiency as production volumes ramp up.

The State-9 and State-16 wells are tied in and on production, alongside the
Phase 1 Jackson-31 and Jackson-29 wells. Whilst the Jackson-4 well was
previously tied in as part of the Phase 1 programme, it is temporarily offline
for a rental compressor change-out. Jackson-2 is now tied into the gathering
system and awaiting well site compression and monitoring before being brought
on production. The tie-in of Jackson-27 remains scheduled to coincide with
CO(2) sales.

The Operator reports that CO(2) liquefaction from the amine unit remains on
track before the end of H1 2026.

Following optimisation of the plant settings, the Operator's focus will turn
to optimising the existing wells and gathering system flows and planning and
permitting additional wells.

 

 

 

 

 

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 first gas in Q4
2025, with further wells coming onstream in 2026 for both helium and CO(2)
production.

 

 

 

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