Helium One Global (AIM:HE1) shares moved up on Thursday, gaining 10.91% to 0.6p, after partner Blue Star Helium executed a three-month offtake deal covering early production from the Pinon Canyon processing plant.
The offtake agreement is a fixed‑price, confidentiality‑protected three‑month contract expiring on 31 August, with the buyer described as a publicly listed, investment‑grade US industrial gases distributor.
Also, the specific pricing terms were also withheld.
The JV will supply all helium produced at Pinon Canyon, Blue Star as operator will manage delivery, and the buyer provides contracted offtake and immediate cashflow while long‑term arrangements are negotiated.
Integrated operations at Pinon Canyon began in March 2026 and the operator reports commissioning and optimisation are ongoing, with intermittent tube‑trailer spot sales continuing as uptime and steady‑state production improve.
The short‑term deal is explicitly transitional, intended to bridge trailer‑by‑trailer sales to negotiated long‑term offtake contracts and to establish commercial momentum at the plant while co‑produced CO2 commercialisation discussions advance.
