Helium One Global, the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update following the Blue Star Helium announcement issued today regarding the Galactica Project.
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 $450,000 of this well.
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
Source: Helium One Global
