Helium One banks first revenues from Galactica-Pegasus project

Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF, FRA:9K3) told investors it has generated its first revenue from the Galactica-Pegasus helium project after the first production trailer was sold and left the Pinon Canyon plant in Colorado.

The shipment concludes the early commissioning and optimisation phase at the facility, where uptime and helium fill rates have recently increased following longer periods of steady-state operation.

A second trailer, the first covered by a three-month fixed-price offtake agreement announced in June, is now on site and being filled. Helium One owns a 50% working interest in the project, which is operated by Blue Star Helium.

Chief executive Lorna Blaisse called the sale “a significant milestone”, adding that the joint venture would continue with further drilling and additional revenue generation.

Blue Star is considering deepening existing wells to lift flow rates and, subject to permitting, plans to drill three new wells during the second half of 2026 for connection to the Pinon Canyon plant.