Business
Successful First Gas at Galactica Helium Plant
Helium One Global has achieved a significant operational milestone with the successful start-up and commissioning of the Galactica Helium Plant in Colorado, processing helium gas for the first time. The company anticipates generating sales in January 2026 through short-term offtake agreements, followed by longer-term partnerships to secure sustained revenue. Further revenue growth is projected for the first half of 2026 via additional well tie-ins and infill drilling, with the plant's full capacity expected to be maintained for over 12 years. This development marks a transition for Helium One from explorer to revenue generator, validating its strategic decision to acquire a 50% interest in the project over a year ago. Disclaimer*
About this update from Helium One Global Limited
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.\n \n22 December 2025\n \nHelium One Global Ltd\n(\"Helium One\" or the \"Company\")\n \nSuccessful First Gas at Galactica Helium Plant\n \nHelium 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.\n \nHighlights\n· Start-up and commissioning of the Pinon Canyon processing facility completed with helium gas now being successfully processed\n· Offtake agreements expected to occur in two phases: short term contracts to generate sales in January 2026, followed by longer term partnership agreements to secure sustained revenue stream\n· Forward plan expects to see revenue growth during H1 2026 through additional well tie-ins and infill drilling\n· Full plant capacity will be maintained via infill and expansion drilling with life of project expected to exceed 12 years\n \n\n \n \nJames Smith, Non-Executive Chairman, commented:\n\"This is a major value-inflection point for the Company and fully justifies our decision to enter this project just over a year ago. This also marks a significant transformation for the Company as we transition from explorer into project delivery and revenue generation.\nTo achieve this so quickly is a credit to both the Blue Star and our team and we look forward to providing further updates on this project in due course.\"\n \nLorna Blaisse, Chief Executive Officer, Commented:\n\"Achieving first gas at Galactica is a major milestone for Helium One and a testament to the hard work of our teams and partners. We expect first helium sales in January 2026 and are advancing additional tie‑ins and infill drilling to increase production capacity through H1 2026.\n \nThe commercial approach will begin with short‑term offta...