Helium One says production on track for US helium project

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Helium One Global Ltd said on Monday that it is on track for helium and carbon dioxide production at the Galactica-Pegasus helium development project in Colorado, United States.

London-based business Helium One is the primary helium explorer in Tanzania and has a 50% working interest in the Galactica Project, which is operated by Blue Star Helium Ltd.

Helium One remains on schedule to deliver its first helium in December and first carbon dioxide for sale in the first half of 2026.

Well site tie-ins, the gas gathering system and facility site construction planning are being finalised, with a scheduled construction mobilisation in October and operational readiness during December.

The Galactica plant is planned to be progressively ramped up to full capacity as additional wells are gradually tied in during the first half of 2026.

Shares in Helium One rose 17% to 0.44 pence in London on Monday afternoon.

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