REG - Helium One Global Ld - Galactica Project Update

Helium One GlobalAnnouncement

12/02/2026 07:00

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RNS Number : 7495S  Helium One Global Ltd  12 February 2026

12 February 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

·      Pinon Canyon Plant scheduled for integrated plant operations next
week

·      The amine unit will be operational removing CO(2) from the input
gas stream

·      CO(2) liquefaction and load components projected to be added H1
2026

·     Sales arrangements have been made for spot sales of helium, and
discussions regarding long-term contracts with both helium and CO(2)
off-takers progressing well

·    Tie-ins for the State-9 and State-16 wells into the gathering system
now complete and ready to be tied into the production facility

·      Further expansion and construction of the gathering system for the
Jackson-2 well is underway, including the T-section for future connection of
Jackson-27

 

 

Facilities Update

The Operator has advised that operations at the newly installed Pinon Canyon
Plant are progressing as planned.

Following first gas in December 2025, the plant was shut in to allow for
integration of the amine unit. In January 2026, the first tube trailer was
delivered as the plant underwent final technical readiness checks and
optimisation.

The amine unit is part of the CO(2) train that removes CO(2) from the inlet
stream and with the amine unit operational, gas will be processed and the
helium stream will then be processed through the Helium Recovery Unit and into
tube trailers.

The Company understands that integrated plant operations will commence next
week.

The Operator's focus will now shift to the installation of the CO(2)
liquefaction and load components and the finalisation of commercial
agreements.

The gathering system for State-9 and State-16 has been completed and
construction of the gathering system to connect Jackson-2, including the
T-section for future connection of Jackson-27, which will provide near-term
production increase has commenced.

These follow-on tie-ins are part of the ramp-up through 2026. Planning is
advanced for further tie-in and infill drilling aimed at increasing production
through the Pinon Canyon Plant, with a clear focus on scaling gas processing
and delivering increased revenues.

 

Commercial Progress by The Operator

The Operator is implementing a strategy that anticipates meeting market needs
and maximises the value of the end product.

 

 Arrangements have been made for spot sales of helium and discussions in
respect of long-term contracts with both helium and CO(2) off-takers are
progressing.

 

 These discussions are targeting a mix of short-term sales arrangements and
long-term offtake agreements to match the targeted ramp-up of the Pinon Canyon
Plant's capacity.

 

 

 

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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