Helium One Global has signed a deal to acquire a 50% stake in Blue Star Helium’s Galactica-Pegasus project in Colorado to expand its geographic footprint in the helium market.
Located in the helium fairway of Las Animas County, the Blue Star Helium site is projected to produce both helium and carbon dioxide (CO2).
Blue Star Helium has previously confirmed that the Galactica project contains confirmed discovery wells in the region flowing up to 6% helium and an average of 3%.
The initial programme, which has been funded by a capital raise, will require the drilling of six development wells, planned for Q4 2024. The initial wells are expected to be onstream and producing in the first half of 2025.
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