Helium One Global Raised £3 Million for Colorado Project
The firm will use fresh equity to fund well expansion at its Colorado helium and carbon dioxide venture.
Updated on Oct. 14, 2026 in Corporate Finance
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Helium One Global secured £3 million through the issuance of 1.03 billion new shares priced at 0.29p each. The capital is earmarked for the expansion of the Galactica-Pegasus helium project in Colorado, which currently operates six producing wells.
Why it matters
This funding round enables the acceleration of drilling activities in Colorado to increase production capacity at the Galactica-Pegasus project. The expansion strategy aims to scale helium and CO2 output to meet established revenue targets.
Helium One Global raised £3 million by placing 1.03 billion shares at 0.29p each. The firm holds a 50% interest in the Galactica-Pegasus project, which currently has six wells and is targeting a monthly production capacity of 2,200 Mcf of helium and 44,500 Mcf of CO2.
The players
Helium One Global
An exploration and production firm focused on developing primary helium assets in Tanzania and Colorado.
Blue Star Helium
The operator of the Galactica-Pegasus project and a specialist in helium exploration in the United States.
The details
The capital injection supports a multi-phase drilling schedule designed to boost output at the Galactica-Pegasus site. Operating alongside project partner Blue Star Helium, the firm plans to add three wells by late 2026 and another six in 2027 to reach full capacity at the Pinon Canyon plant by the end of that year. The project, which began generating revenue in July 2026, aims to leverage current CO2 and helium market conditions to reach its production milestones.
Timeline
July 2026: Galactica-Pegasus project began generating revenue.
End of 2026: Company plans to drill three additional wells.
Q1 2027: Commencement of initial CO2 revenue targeted.
2027: Targeted increase in helium output and CO2 revenue.
End of 2027: Pinon Canyon plant targeting full production capacity.
Market Landscape
Helium's status as a critical mineral under the 2021 U.S. Geological Survey (USGS) critical minerals list has catalyzed investment into domestic extraction projects. This capital raise marks a shift from exploration to high-capacity production as operators scale regional infrastructure to meet industrial demand.
Operators in the natural resource sector should watch the Q1 2027 milestones as a signal for when CO2 and helium supply volumes typically reach commercial scale. Factor in these drilling timelines when evaluating regional supplier availability and potential downstream pricing adjustments.
The takeaway
The move underscores the capital-intensive nature of scaling helium production, requiring consistent equity support to meet aggressive drilling schedules. Monitor the progress of the Pinon Canyon plant throughout 2027 to gauge whether production targets align with projected revenue estimates.
Further reading
For more on industry funding trends, see the latest updates in Corporate Finance.
Source note: This article includes information reported by Proactiveinvestors NA.
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