Helium and CO2 Plant Construction Permit Approved
Rhea-AI Summary
Helium One Global (HLOGF) announces approval of construction permit for helium and CO2 processing plant at the Galactica-Pegasus project in Colorado, USA. The permit, granted through Resolution MF 2025-001 on April 15, 2025, authorizes Blue Star Helium to construct the Pinon Canyon Plant in Las Animas County.
The Board of County Commissioners approved the permit after confirming the facility's necessity, suitable location, adequate road access, and compatibility with surrounding land use. This milestone enables the project to advance to construction and operational phases.
The Galactica project, discovered by Blue Star in 2022, is operated under a joint venture where Helium One holds a 50% working interest and will fund the first US $450,000 of the well. The company also owns prospecting licenses in Tanzania, where its flagship Rukwa Project recently achieved successful helium flow rates of 5.5% in Q3 2024 and secured a 480km² Mining License in March 2025.
Positive
- Construction permit approved for helium and CO2 processing plant, enabling project advancement
- Strong local support received from Las Animas County and stakeholders
- 50% working interest in Galactica-Pegasus project with development potential
- Recent success in Tanzania operations with 5.5% helium flow rates
- Secured 480km² Mining License in Tanzania (March 2025)
Negative
- Significant capital expenditure required with $450,000 initial well funding commitment
News Market Reaction – HLOGF
On the day this news was published, HLOGF gained 3.70%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Helium and CO2 Plant Construction Permit Approved by Las Animas County
LONDON, UK / ACCESS Newswire / April 22, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a
Highlights
Permitting approved for construction of helium and CO2 processing plant
Application received strong support from Las Animas County, local industry, and local mineral and surface owners
Details
The approval, formalized through Resolution MF 2025-001 and made on 15 April 2025, grants Blue Star the authorisation required to construct the Pinon Canyon Plant. This facility will be located at Lot 6 of Section 31, Township 30 South, Range 54 West, 6th PM.
In granting the permit, the Board of County Commissioners specifically found that Blue Star had adequately demonstrated:
A clear need for a helium and CO2 processing facility at the proposed location
That the proposed location was suitable as were the plans for the operation of the processing facility
An adequate utility of existing roads and access to the proposed site, subject to agreeing a process for repairing road damage
The compatibility of the proposed helium and CO2 processing facility with surrounding land uses
This permit approval represents a milestone in the Galactica Project as the Pinon Canyon Plant is a critical path component of the development plans in the region and will allow the project to advance to construction and operational phases.
Galactica/Pegasus Development
The Galactica project forms part of the broader Galactica/Pegasus development, discovered by Blue Star in 2022. This large-scale project offers multiple potential product streams. Blue Star is advancing the Galactica project in joint venture with Helium One Global Ltd. Under the farm-in agreement, Helium One will fund the first US
The third-party owned Red Rocks helium project adjoins Blue Star's Galactica Project (see map below). Development of Red Rocks further supports the commercialisation of the Galactica Project.
For further information please visit the Company's website: www.helium-one.com
Contact
Helium One Global Ltd | +44 20 7920 3150 |
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Panmure LiberumLimited (Nominated Adviser and Joint Broker) | +44 20 3100 2000 |
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Zeus Capital Limited (Joint Broker) | +44 20 3829 5000 |
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Tavistock(Financial PR) | +44 20 7920 3150 |
Notes to Editors
Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market.
The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to
The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed
Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining Licence ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025.
The Company also owns a
Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Helium One Global Ltd
View the original press release on ACCESS Newswire