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From discovery to cashflow: we’ve crossed the Lassonde Curve’s inflection point, the market just hasn’t caught up yet. 📈🔥🧨🚀🚀🚀

I hear SP Angel may have published a new research note. Anyone seen this?

SP’s just had its Weetabix, crunchy start, stronger finish, and it’s not done growing yet. 🚀🥣 🔥🧨🚀🚀🚀🚀🚀🚀🚀

“Keep the change, ya filthy animal”, first helium’s flowing, sales land in January, and HE1 just went from stocking-filler to sleigh-puller. 🔥🧨🚀🚀🚀🚀🚀🚀

Congratulations Investors ! 🥳

Today marks a genuine inflection point for Helium One.

First refined helium has now flowed through the Galactica (Pinon Canyon) plant in Colorado. This isn’t a test flare, a promise, or a slide-deck milestone, it’s processed helium coming out of a live facility. For HE1, with its 50% working interest, that means the transition from “near-term” to actually happening has just occurred.

Commercially, this matters more than the headline. Short-term sales contracts are targeted for January 2026 to begin generating revenue immediately, while longer-term offtake agreements are being structured to lock in stability and scale. This two-track approach is exactly what you want at start-up: cashflow first, optimisation second, and durability baked in.

Operationally, the plant is now in ramp-up mode. Additional well tie-ins and infill drilling are planned through H1 2026, with full capacity expected to be maintained for over 12 years, and that’s before expansion drilling or a second plant on the broader Galactica-Pegasus structure. This is not a short-life pilot; it’s a scalable industrial system.

Strategically, this achievement does two important things for HE1. First, it validates years of subsurface work across the Galactica-Pegasus acreage. Second, it materially de-risks the group story by introducing real production and revenue alongside Tanzania’s longer-life, higher-impact opportunity. Optionality has now turned into execution.

Markets often struggle to price the moment a company quietly becomes what it said it would. Today is one of those moments.

Helium is flowing. Sales are next. Scale follows.

That’s not hype, that’s delivery. 🔥🧨🚀🚀🚀🚀

Nope @broomtree, nothing missed, apart from hitting the HE1 buy button. The trading halt? Just a cash raise, if you’d read the Blue Star RNS. Unless @Offler’s solicitor is now personally vetting every press release… in which case, good luck with that. 😏📜

Helium One is increasingly being mispriced as a single-outcome exploration story, when in reality it now represents layered optionality moving into delivery. The company has exposure to two distinct helium pathways with very different risk profiles and timelines. In the US, the Colorado project offers near-term production through a conventional development model, with infrastructure in place and first gas targeted. In Tanzania, the Rukwa Basin provides long-life, district-scale potential from an onshore helium system that has already demonstrated high-grade helium at surface. These assets are complementary, not competing, and together materially reduce the company’s overall risk profile.

The upcoming work programme in Tanzania is often misunderstood. The ESP installation is not exploratory drilling and it is not a speculative rerun of earlier tests. It is a focused engineering step designed to address known constraints identified during the extended well test and captured in the independent CPR. The objective is to increase flow rates, improve gas-to-water ratios and better understand how helium concentration behaves under sustained production conditions. These are precisely the technical hurdles that must be cleared to move contingent resources toward reserves. That shift, when achieved, represents a structural change in valuation rather than a marginal operational update.

At current levels, the market continues to value Helium One as though it remains pre-revenue, funding-constrained and exploration-led. The operational reality now taking shape suggests otherwise. The company has a producing pathway in the US, a fully granted mining licence in Tanzania, a proven helium discovery and a defined technical plan aimed at upgrading resources. These factors collectively point to execution risk rather than discovery risk, a distinction that the market has yet to fully price in. When that distinction becomes clear, re-rating tends to be swift rather than gradual.

When exploration risk leaves the room, valuation doesn’t tiptoe after it. 🔥🧨

@Offler, I’m guessing you’re quietly congratulating your solicitor for single-handedly orchestrating the Blue Star trading halt. Very impressive work… in an alternate universe. 🎩📜😂

🎅 Dear Santa,

If you’ve got space in the sleigh, please drop the derampers;

a diary (for catalysts)

a calculator (for maths)

and a solicitor… since @Offler keeps bringing one to a chat forum

perhaps a helium filled blow up doll for @broomtree.

I’ve been patient.

The assets are real.

The trolls are seasonal.

Cheers big fella, see you at production. 🎄🎈📈

Confucius say: When the well begins to flow, the patient farmer ignores the noise and counts the harvest. HE1 season approaching. 🇨🇳🧧🔥

Crack open the barbie, rigs are hummin’, kit’s bolted down, and the helium story’s lookin’ fair dinkum. Not shoutin’, not spruikin’… just quietly feelin’ like this arvo could get interesting. 🦘📈

Tomorrow feels like one of those days where the story starts speaking for itself ⏳

Exactly this. It’s not often you get cashflow switching on in one jurisdiction while de-risking accelerates in another.

One asset moves from explorer → producer, the other from discovery → commercial proof.

That’s how value compounds, quietly at first, then all at once. Patience here isn’t passive… it’s positioned. ⏳

@Offler, genuine question: what is your point exactly? I genuinely think “saying nothing” might work better for you here.

That institutions haven’t piled in yet? Pre-production AIM names are typically held via nominees, funds-of-funds or specific mandates, often deliberately below disclosure thresholds, so unless you’re sitting on the share register and their IC minutes, you simply don’t know who is or isn’t positioned, or why.

Institutions usually arrive after reserves, cashflow and de-risking. That’s not a red flag, it’s the rulebook.

Your maths is also… festive. AIM is apparently a 70% failure and a 40% success. I do worry about you. Even your solicitor might need a recess on that one. 🎄⚖️

🫳🎤 🧨🧨🔥

@broomtree you’re like the bloke shaking a Christmas present insisting it’s “probably socks”…..

meanwhile the box is ticking, wired up, and about to turn the lights on. 🧨🔥

The AGM made one thing crystal clear: HE1 has left the lab and put on a hard hat.

Tanzania is now engineering, permits and routes to first production, discovery is done.

Colorado is the near-term cash engine, with wells drilled, kit in place and first production imminent.

No hype, no hand waving, just delivery, discipline and a helium market doing the heavy lifting.

Explorers talk. Producers get paid. HE1 is crossing the line.

Pay-Day is close ⏳🧨🧨🧨🔥

AGM was very much forward-looking and reinforced that HE1 is now firmly in the delivery phase, not exploration hype.

Tanzania (Rukwa)

• Focus is on monetising the Itumbula discovery. Management reiterated that extended well test data has given confidence in reservoir continuity and flow characteristics.

• Near-term work centres on development planning, surface facilities and routes to first production rather than further speculative drilling.

• Clear message: Tanzania is now about engineering, permitting and execution, not proving helium exists.

USA (Galactica / Pegasus)

• This is the near-term cashflow catalyst.

• Wells drilled and infrastructure planning largely done; emphasis now on bringing first wells onstream and scaling production.

• Management were clear that Galactica provides a lower-risk, quicker path to revenue, which supports the broader group strategy.

Funding & Strategy

• Board stressed capital discipline – sequencing projects sensibly, prioritising production and avoiding unnecessary dilution.

• US production is expected to help self-fund Tanzanian development over time.

• Helium market fundamentals (supply tightness, strategic demand) remain a strong tailwind.

Overall Tone

• Calm, confident, and execution-focused.

• No over-promising, but a clear sense that the heavy lifting on discovery is done and the company is now about turning assets into revenue.

AGM reinforced that the next phase for HE1 is first production, cashflow and scale-up. Multiple near-term catalysts, with Galactica leading and Tanzania following. Risk now is mainly execution, but that’s exactly where value gets created. ⏳🧨

Https://youtu.be/tWrq7ExUeR4?si=VU4yQ9_BYsglJv06

He who laughs at the quiet drill soon chases the noisy pump, ancient proverb, updated for helium.😄⛏️🚀

Gathering system tied in ✔

Facility mechanically complete ✔

Commissioning underway ✔

First production: December (still) ✔

Translation for the back row: the pipes are connected, the plant is built, the switches are being flipped and helium is about to do what helium does best….. flow.

This is the point where projects stop being PowerPoint and start being paycheques. Commissioning isn’t a theory exam; it’s the dress rehearsal before opening night. At this stage, delays are counted in days, not excuses.

For HE1 holders, this isn’t just progress, it’s status change. Explorer ➝ developer ➝ producer-in-waiting, with a 50% seat at the table and near-term cashflow knocking on the door.

Derampers may wish to avert their eyes.

Helium doesn’t care.

Next update… The one with the word “production” in it. 🔥🧨🚀🚀🚀🚀🚀

https://www.bluestarhelium.com/wp-content/uploads/2025/12/61303353.pdf