Helium One Global Ltd (LSE:HE1) has announced notable progress on its Galactica-Pegasus helium development project in Colorado, USA. The company has signed a lease agreement for CO₂ processing equipment with Kinder Morgan, marking a critical step toward project delivery.
The development remains on schedule, with first helium production targeted for December 2025 and CO₂ production expected in the first half of 2026. This initiative forms part of Helium One’s broader strategy to bring both helium and CO₂ discoveries into commercial production, potentially strengthening its market position and unlocking new opportunities for stakeholders.
Despite these operational advances, Helium One continues to face significant financial challenges, including ongoing losses and weak revenue performance, which weigh heavily on its valuation. Technical indicators are mixed, underscoring a cautious near-term outlook despite the longer-term growth potential.
About Helium One Global
Helium One Global Ltd is a primary helium exploration company headquartered in Tanzania with growing operations in Colorado, USA. The company holds helium licenses across two continents and aims to become a strategic supplier in the helium market, which remains structurally supply-constrained. Its flagship asset is the southern Rukwa Project in Tanzania, where it has made promising helium discoveries.
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