First gas at Galactica marks Helium One’s transition to production, validating its US strategy and enabling first helium sales in 2026.
Helium One Global, a leading helium exploration and development company with core operations in Tanzania and a 50% working interest in the Galactica-Pegasus helium development project in the United States, has issued an operational update following an announcement released today by its project partner, Blue Star Helium, regarding progress at the Galactica Project in Colorado.
The update highlights a major milestone for the Company, with first gas successfully achieved at the Galactica development. This achievement represents a pivotal moment in the Company’s evolution, underscoring its transition from a pure exploration-focused business into one that is now firmly advancing toward project execution, commercial delivery, and near-term revenue generation.
Commenting on the development, Non-Executive Chairman James Smith described first gas as a significant value-inflection point that validates the strategic decision taken just over a year ago to participate in the Galactica-Pegasus Project. He noted that the speed with which this milestone has been achieved reflects the strong collaboration between the Company and Blue Star Helium, as well as the technical and operational capability of both teams. According to Smith, this progress marks a defining shift for the Company as it moves decisively into the delivery phase of its business model.
Chief Executive Officer Lorna Blaisse echoed these sentiments, describing first gas at Galactica as a landmark achievement and a clear demonstration of disciplined execution across the project. She confirmed that preparations are underway for first helium sales, which are anticipated in January 2026. In parallel, the Company and its partners are advancing plans for additional tie-ins and infill drilling aimed at steadily increasing production capacity through the first half of 2026.
Operational planning is well advanced to enhance output from the Pinon Canyon processing plant. These initiatives are designed to expand gas processing capability, support stable ramp-up, and underpin revenue growth as production volumes rise. The achievement of first gas not only demonstrates operational readiness but also validates the Company’s portfolio diversification strategy, particularly its decision to acquire a substantial interest in a US-based development asset.
From a commercial perspective, the Company outlined a phased offtake strategy aligned with prevailing market dynamics. While helium prices in the US softened at the start of 2025 in response to global supply-demand conditions, pricing is expected to strengthen through the first half of 2026, consistent with cyclical demand patterns. To navigate this environment, Blue Star Helium has established a dedicated commercial committee comprising board representatives, senior US executives, and operational specialists from across the gas supply chain.
This committee is actively engaging with a broad range of buyers and end users to structure both near-term and longer-term sales arrangements. Initial helium offtake will be secured through short-term agreements to support early revenues, with a gradual transition toward longer-term partnerships as production volumes increase and supply becomes more consistent.
The Company reiterated its focus on disciplined growth, careful execution, and transparent communication with shareholders as the Galactica Project progresses toward commercialisation. Recognition was also extended to Blue Star Helium for delivering this critical milestone, which positions the project—and the Company—for sustained growth in the global helium market.
