Helium One Global, the primary helium explorer in Tanzania, said its joint venture partner Blue Star Helium has sold and shipped the first tube trailer of helium from the Pinon Canyon Plant in Colorado.
The sale marks the end of the plant's early production commissioning and optimisation phase.
Helium One holds a 50% working interest in the Galactica-Pegasus development, operated by Blue Star Helium (ASX: BNL).
Plant uptime and fill rates have risen recently after longer stretches of steady-state running, according to the operator's update.
A second tube trailer, the first under a three-month fixed-price offtake agreement announced on 4 June, is now on site and being filled.
Blue Star is examining deepening existing wells to expose more reservoir and lift flow rates, and plans, subject to permit approval, to drill three new wells for tie-in to the plant during the second half of 2026.
Chief executive Lorna Blaisse called the sale "a significant milestone", adding it "represents a significant milestone for Helium One, with the Company now generating its first revenues from the Galactica-Pegasus joint venture project."
Blue Star flagged tight North American helium pricing, citing demand from semiconductor, aerospace and defence customers alongside supply disruption linked to Middle East trade routes.
The initial Galactica wells were tied into first gas in the fourth quarter of 2025, with further wells due onstream through 2026 for both helium and carbon dioxide production.
