Helium One Global Ltd (LSE:HE1) has reported that development of its Galactica helium project in Colorado is advancing on schedule. Initial site preparation and facility development are largely complete, with all required permits secured and engineering plans nearing finalization. The company aims to commence helium production by December 2025 as part of its broader strategy to commercialize helium and CO₂ discoveries, enhancing its position in the global helium market.
Despite these operational advances, Helium One’s financial performance remains weak, marked by ongoing losses and minimal revenue. While the project offers potential long-term growth, current financial instability and negative valuation metrics weigh heavily on the outlook. Mixed technical indicators suggest further caution.
About Helium One Global
Helium One Global Ltd is a helium exploration company with operations primarily in Tanzania and a 50% stake in the Galactica-Pegasus helium development project in Colorado, USA. The company aims to address global helium supply shortages, with projects spanning two continents. Its flagship Tanzanian project in the southern Rukwa Rift Basin has successfully discovered helium and is moving toward commercial production.
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