IN BRIEF: Helium One completes farm-in agreement in Colorado
Helium One Global Ltd - Tanzania-focused helium exploration company - Completes farm-in agreement with Blue Star Helium Ltd at the Galactica-Pegasus project in Las Animas County, Colorado, US. Helium One earns a 50% interest rate in the project from its USD1.5 million consideration payment and funding of the drilling of six development wells. Blue Star remains the project operator. Drilling is expected to start in the fourth quarter of 2024, with first helium production expected in the first quarter of 2025.
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