Helium and CO2 Plant Construction Permit Approved

Highlights

§ Permitting approved for construction of helium and CO2 processing plant

§ Application received strong support from Las Animas County, local industry, and local mineral and surface owners

Details

The approval, formalized through Resolution MF 2025-001 and made on 15 April 2025, grants Blue Star the authorisation required to construct the Pinon Canyon Plant. This facility will be located at Lot 6 of Section 31, Township 30 South, Range 54 West, 6th PM.

In granting the permit, the Board of County Commissioners specifically found that Blue Star had adequately demonstrated:

• A clear need for a helium and CO2 processing facility at the proposed location
• That the proposed location was suitable as were the plans for the operation of the processing facility
• An adequate utility of existing roads and access to the proposed site, subject to agreeing a process for repairing road damage
• The compatibility of the proposed helium and CO2 processing facility with surrounding land uses

This permit approval represents a milestone in the Galactica Project as the Pinon Canyon Plant is a critical path component of the development plans in the region and will allow the project to advance to construction and operational phases.

Galactica/Pegasus Development

The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US $450,000 of this well.