Helium One Global has confirmed its Galactica helium project in Colorado remains on schedule to deliver first helium production in December 2025, following an update from joint venture partner Blue Star Helium.
The company, which holds a 50% working interest in the project, reported that site preparatory work is largely complete with all construction permits now in place. Engineering plans for the gas gathering system are nearing completion, with contractors selected and critical equipment packages finalised.
The facility will be ramped up as wells come online during the first half of 2026, with first CO2 production expected in H1 2026. Helium One is the primary helium explorer in Tanzania whilst also developing this Colorado project.
“We are very pleased to see this phase of the development progressing towards first gas in Q4,” said Lorna Blaisse, Chief Executive Officer.
“With contractor selection progressing and relevant permitting in place, we are excited to see the installation and commissioning process come to fruition over the coming months.”
Helium One Global shares are down heavily this year, and investors will hope cash flows from the project are sufficient to help the firm fund expansion elsewhere.