Josh White Sharecast News
23 Dec, 2024 16:52 23 Dec, 2024 16:52

Helium One reports progress at Galactica-Pegasus

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Helium One GlobalSharecast graphic / Josh White

Helium One Group Ltd (DI)

0.97p

16:55 23/12/24
7.18%
0.07p

Helium One Global updated the market on its Galactica-Pegasus helium development project in Colorado’s Las Animas County on Monday, where it holds a 50% working interest.

Mining

10,285.70

17:09 23/12/24
-0.27%
-27.76

The AIM-traded firm said preparatory work had started on the Jackson #31 well pad, marking the first step in a multi-well drilling campaign.

Once civil works were completed at Jackson #31, similar preparations would start at Jackson #04.

Drilling operations at Jackson #31 were expected to begin in mid-January 2025, subject to weather conditions, followed by Jackson #04.

The campaign would also include three additional approved wells, with further details on sequencing to be announced after the drilling of Jackson #04.

The Galactica Project is a joint venture with Blue Star Helium.

At the close on Tuesday, shares in Helium One Global were up 7.18% at 0.97p.

Reporting by Josh White for Sharecast.com.

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