Galactica Project Update

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   

Helium One Global Ltd	[phone]
Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director
Panmure Liberum Limited (Nominated Adviser and Joint Broker) Scott Mathieson Phoebe Bunce	[phone]
Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell	[phone]
Tavistock (Financial PR) Nick Elwes Saskia Sizen	[phone]

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 480km² 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 CO₂ 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 CO₂ 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 CO₂ production.

 

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