Galactica Project Update
Helium One Global has announced a significant operational update for its Galactica Project in Colorado, where the amine unit is now operational and producing a helium-enriched gas stream for the Helium Recovery Unit, which is filling a tube trailer with refined helium for sale under spot-market arrangements. Integrated operations have commenced, with raw gas processed through the amine unit and then refined before being loaded. While the plant is producing, optimization of settings is ongoing to maximize recovery efficiency. The State-9, State-16, Jackson-31, and Jackson-29 wells are producing, with Jackson-2 awaiting compression and monitoring, and Jackson-4 temporarily offline for compressor change-out. CO2 liquefaction is on track for the end of H1 2026, after which the focus will shift to optimizing existing wells and planning new ones.
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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" or "Operator") announcement issued today regarding the Galactica Project.
Operator Reported Highlights
- Amine unit now operational and removing CO₂ from the inlet gas stream and providing a helium-enriched gas stream to the Helium Recovery Unit ("HRU"). The HRU is now filling the onsite tube trailer with refined helium for sale under established spot-market arrangements
- The operational team is continuing to optimise plant settings, operating pressures and flow rates to ensure peak recovery efficiency
Integrated Operations and Helium Loading Reported by the Operator
Following the commissioning of the amine unit, the Operator has advised that the Pinon Canyon Plant has commenced integrated operations. Raw gas is now being processed through the amine unit to remove CO₂, with the resulting helium-enriched stream being refined through the HRU before being pumped into the tube trailer.
The Operator reports that a significant commercial milestone has been reached with the plant currently filling a tube trailer with refined helium gas for sale under established spot-market arrangements. While the facility is now fully integrated and producing, the Operator is continuing to optimise plant settings to maximize recovery efficiency as production volumes ramp up.
The State-9 and State-16 wells are tied in and on production, alongside the Phase 1 Jackson-31 and Jackson-29 wells. Whilst the Jackson-4 well was previously tied in as part of the Phase 1 programme, it is temporarily offline for a rental compressor change-out. Jackson-2 is now tied into the gathering system and awaiting well site compression and monitoring before being brought on production. The tie-in of Jackson-27 remains scheduled to coincide with CO2 sales.
The Operator reports that CO2 liquefaction from the amine unit remains on track before the end of H1 2026.
Following optimisation of the plant settings, the Operator's focus will turn to optimising the existing wells and gathering system flows and planning and permitting additional wells.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.