Helium One Global (LSE:HE1) said the operator of its Galactica-Pegasus joint venture in Colorado has extended an existing helium purchase and sales agreement covering all helium production from the Pinon Canyon Plant.

The agreement has been extended through the end of the first quarter of 2027, with pricing fixed in line with current U.S. market conditions. The company did not provide specific pricing information in the supplied material.

The extension provides an offtake arrangement for production during the period while discussions regarding a longer-term agreement continue.

Additional helium tube trailers delivered

Helium One also reported the delivery of a fourth helium tube trailer, while a fifth trailer is being filled.

Initial wells at Galactica-Pegasus were connected for first gas in late 2025, and additional wells are being brought onstream for helium and CO2 production.

Helium One holds a 50% interest in the Galactica-Pegasus project, providing the company with exposure to production from the Colorado development.

Rukwa project holds granted mining licence

Alongside its U.S. activities, Helium One is progressing its southern Rukwa Project in Tanzania.

The project has received a mining licence following an extended well test, with the company advancing its activities from exploration and appraisal towards development.

Helium One Global is a helium exploration and development company with projects in Tanzania and the United States. Its portfolio includes the southern Rukwa Project and its 50% interest in the Galactica-Pegasus project in Colorado.