Helium One’s Galactica Project Reaches First Integrated Helium Production Milestone

Helium One Global Limited ( (GB:HE1) ) has shared an announcement.

Helium One Global, a specialist helium explorer with core assets in Tanzania and a 50% stake in the Galactica-Pegasus helium development in Colorado, is positioning itself as a strategic supplier to a constrained helium market. Its portfolio spans the fully appraised Rukwa discovery in Tanzania, backed by a granted mining licence, and a producing U.S. project targeting both helium and CO₂.

The company reported that operator Blue Star Helium has commenced integrated operations at the Pinon Canyon Plant on the Galactica Project. The amine unit is now removing CO₂ and feeding helium-enriched gas into the Helium Recovery Unit, which is filling an onsite tube trailer with refined helium for spot-market sales.

The operator is optimising plant settings, operating pressures and flow rates to maximise recovery efficiency as production ramps up. Several wells, including State-9, State-16 and key Jackson wells, are on production or tied in, with Jackson-27 scheduled to align with future CO₂ sales and Jackson-2 awaiting compression before coming online.

CO₂ liquefaction from the amine unit remains on track for completion before the end of the first half of 2026. Once plant optimisation is advanced, the focus is set to shift toward improving well and gathering system performance and planning additional wells, supporting the project’s transition into a more material commercial helium and CO₂ producer.

The most recent analyst rating on (GB:HE1) stock is a Hold with a £0.69 price target. To see the full list of analyst forecasts on Helium One Global Limited stock, see the GB:HE1 Stock Forecast page.

Spark’s Take on GB:HE1 Stock

According to Spark, TipRanks’ AI Analyst, GB:HE1 is a Neutral.

The score is primarily held back by weak financial performance (no meaningful revenue, ongoing losses, and persistent cash burn despite a zero-debt balance sheet). Technicals provide some support due to strong upward momentum, but overbought indicators temper the outlook. Valuation is constrained by loss-making economics and the absence of dividend support.

To see Spark’s full report on GB:HE1 stock, click here.

More about Helium One Global Limited

Helium One Global is a helium exploration and development company focused on Tanzania and the U.S. It holds helium licences across two continents, including its flagship Rukwa Project in south-west Tanzania and a 50% working interest in the Galactica-Pegasus development in Colorado, aiming to help ease a supply-constrained global helium market.

The Rukwa Project is in full appraisal and development after a 2023/24 drilling campaign confirmed a helium discovery at Itumbula West-1. An extended well test in 2024 delivered continuous 5.5% helium to surface, and the company secured a 480km² mining licence from the Tanzania Mining Commission in July 2025, underpinning its route to commercialisation.

In Colorado, Helium One’s 50% interest in the Galactica-Pegasus project complements its Tanzanian portfolio. Operated by Blue Star Helium, the project completed a six-well drilling campaign in 2025, consistently encountering helium of up to 3.3% and CO₂ in the Lyons Formation, with first gas from initial wells achieved in late 2025 and further wells scheduled to come onstream in 2026.

Average Trading Volume: 103,750,965

Technical Sentiment Signal: Sell

Current Market Cap: £48.48M

See more data about HE1 stock on TipRanks’ Stock Analysis page.