What Helium One Global does

Helium One Global Ltd is a primary helium exploration and development company incorporated in the British Virgin Islands in September 2015 and listed on London's AIM (HE1) since November 2020, with a secondary OTCQB listing (HLOGF). The company is building a portfolio centred on the 480 km2 Southern Rukwa Helium Project in southwest Tanzania — a globally unusual primary (non-hydrocarbon-associated) helium system — in which it holds 100% equity via the Songwe Helium Ltd JV with the Tanzanian government (17% free-carried interest). In November 2024 it acquired a 50% working interest in the Galactica-Pegasus helium and CO2 project in Las Animas County, Colorado (246 km2), operated by Blue Star Helium (ASX: BNL), which has been the source of its first commercial production.

Technically, Helium One's portfolio rests on its primary helium characterisation at Rukwa — surface seeps up to 10.4%, sustained 5.5% helium flow during the ITW-1 extended well test, and peak 7.6% helium from faulted Karoo and fractured Basement plays — paired with the Lyons Formation development at Galactica, where discovery wells have flowed up to 6% helium (averaging ~3%) and a 98.3% CO2 stream at Jackson-27. Operational assets include a company-owned Epiroc Predator 220 drilling rig (2,400m depth capability) deployed in Tanzania and the Pinon Canyon processing facility in Colorado (designed/operated with Cimarron Midstream) which strips CO2 via an amine unit before loading refined helium into tube trailers.

Commercially, the company generates revenue by selling refined helium at US spot market pricing under short-term offtake agreements — initially to a single major US industrial gases corporation under a three-month agreement covering all Pinon Canyon Plant output through August 2026 — with a planned CO2 liquefaction stream at Galactica from H1 2026. Target end-markets are semiconductor and AI chip manufacturing (EUV lithography, wafer cooling), medical (MRI, assisted breathing), energy/aerospace, and industrial gases distributors. Operating headcount is reported at 1–10, with key personnel based in London, Tanzania (Dar es Salaam / Oyster Bay), and Colorado. The company has raised £8.0m (June 2024) and £3.5m (March 2026) institutional tranches to fund drilling and project development.

Name

Helium One Global

Legal name

Helium One Global Ltd

Website

https://helium-one.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Helium One Global is a primary helium exploration and development company operating the 100%-owned 480 km2 Southern Rukwa project in Tanzania and a 50% interest in the Galactica-Pegasus project in Colorado, USA, selling refined helium to industrial gases corporations serving semiconductor, medical, and aerospace end-markets.

Ownership category

akta.pro rank

Product category

Helium Gas Production

NAICS

Natural Gas Extraction (211130), Natural Gas Extraction (21113)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Helium & Rare Gases (Neon/Krypton/Xenon) (IMAEACAD)

akta.pro secondary industry

Process Gases & Gas Delivery Consumables (Specialty/Bulk/UHP) (HDAHAGAL)

Keywords

• Helium exploration
• Helium production
• Primary helium mining
• Industrial gas supply
• Mineral resource extraction

Headquarters

HQ city

Oyster Bay

HQ country

Tanzania

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Helium Sales: The company generates revenue from the sale of refined helium produced at its Colorado Galactica project and anticipates future helium revenue from its Southern Rukwa project in Tanzania. Helium is sold via tube trailers at spot market pricing. A three-month offtake agreement with a major US industrial gases corporation covers Pinon Canyon Plant output at fixed spot market pricing through August 2026.
2. CO2 Sales: The company plans to monetise CO2 extracted alongside helium at the Galactica project in Colorado. Wells such as Jackson-27 with 98.3% CO2 concentration are being timed to add a CO2 liquefaction revenue stream, with CO2 production expected in H1 2026.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Helium One Global explores, develops, and produces primary (non-hydrocarbon-associated) helium gas from two core assets: the Southern Rukwa Helium Project (480 km2, 100% equity) in southwest Tanzania and the Galactica-Pegasus Helium Development Project (246 km2, 50% working interest, operated by Blue Star Helium) in Colorado, USA. The company sells refined helium to industrial gases buyers via tube trailers and offtake agreements at spot pricing, with a dual-revenue CO2 liquefaction stream emerging from Galactica in H1 2026.

Product overview

Helium One Global is a helium exploration and development company operating across two continents. The company operates two primary projects: the Southern Rukwa Helium Project (100% owned) in Tanzania, which is a globally unique primary helium discovery with no associated hydrocarbons or CO2, and the Galactica-Pegasus Project (50% working interest, operated by Blue Star Helium) in Colorado, USA, which produces both helium and CO2. The company also owns an Epiroc Predator 220 drilling rig for its Tanzanian operations. Helium and CO2 gas production constitute the core commercial offerings, with first helium sales from the Colorado project commencing in 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Southern Rukwa Helium Project A 480 km2 primary helium exploration and development project located in the Rukwa Rift Basin in southwest Tanzania, held on 100% equity. Achieved Tanzania's first helium discovery in 2024 with surface helium seeps up to 10.4% concentration and no associated hydrocarbons or CO2, with a sustained 5.5% helium flow during Q3 2024 extended well testing.
• Galactica-Pegasus Helium Development Project A 246 km2 helium and CO2 development project in Las Animas County, Colorado, USA, with Helium One holding a 50% working interest and Blue Star Helium (ASX: BNL) as operator. Discovery wells confirmed flow up to 6% helium (average 3%) as free gas from the Lyons Formation, with a dual-revenue stream strategy across helium and CO2.
• Refined Helium Gas Primary helium gas produced from the Galactica project in Colorado (and under development at the Southern Rukwa project in Tanzania). Sold at spot pricing to industrial gases buyers; a critical material for MRI scanners, semiconductor fabrication (EUV lithography, wafer cooling, leak detection), space exploration, and other high-tech applications.
• CO2 (Carbon Dioxide) By-product Carbon dioxide extracted alongside helium from Galactica wells and processed via the Cimarron Midstream-designed Pinon Canyon Plant (which uses an amine unit to strip CO2 from the helium stream). Wells such as Jackson-27 with 98.3% CO2 concentration are timed for CO2 liquefaction to create a second income source alongside helium sales.

Quantifiable outcome

• Helium concentrations up to 10.4% at southern Rukwa surface seeps; 5.5% sustained flow during extended well test; peak 7.6% from faulted Karoo and Basement intervals.
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered supporting and core.

• Sproule ERCEsupportingImplementation/ SI/ Consulting Partner · 1 June 2025Independent competent person's report (CPR) provider engaged in June 2025 to evaluate contingent and prospective helium resources at the southern Rukwa Helium Project. Sproule ERCE determined 2C Gross Helium Contingent Resources of 296 mmscf and 3C case of 1.3 Bcf, plus Prospective Resources of 709 mmscf (2U) and 3.2 Bcf (3U).
• Songwe Helium LtdcoreStrategic or Co-development Partner · 1 June 2025Joint venture company incorporated in Tanzania for the southern Rukwa Helium Project following award of the 480 km2 Mining Licence. Government free carried interest agreed at 17%. This entity serves as the operating vehicle for the project as it moves toward commercial development, with regulatory framework agreements finalised in 2025.
• Blue Star Helium Ltd (ASX: BNL)coreStrategic or Co-development Partner · 1 November 2024Blue Star Helium operates the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA (246 km2). Helium One holds a 50% working interest. Blue Star drilled the State-16 development well in June 2024 which flowed 1.9% helium and 70% CO2. The partnership completed a six-well development drilling programme in H1 2025 and is advancing the Pinon Canyon Plant to initial commercial production.
• Cimarron Midstream (formerly IACX Energy LLC)supportingTechnology or IntegrationCimarron Midstream designed and part-operates the Pinon Canyon Plant at the Galactica project. The plant processes helium and CO2 gas from the connected wells, stripping CO2 via an amine unit before loading refined helium into tube trailers for sale.
• Government of Tanzania (Ministry of Minerals, Mining Commission)coreStrategic or Co-development PartnerThe Tanzania Mining Commission offered and the company accepted a 480 km2 Mining Licence for the southern Rukwa project. The government holds a 17% free carried interest through the Songwe Helium Ltd JV entity. The Mining Licence ceremony was held on 2 May 2026 in the Songwe region.
• University of Dar es SalaamsupportingStrategic or Co-development PartnerStrategic partnership with the University of Dar es Salaam to provide technical and academic skills transfer. The partnership aims to attract graduates to the private sector in Tanzania and supports knowledge development in geosciences relevant to helium exploration.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Imperial Helium: Canadian helium-focused junior pursuing development of helium production assets in Alberta, with comparable single-asset development model and exposure to global helium supply tightness — though earlier-stage than Helium One.
• Norsk e-Fuel / Nel ASA: Norwegian-listed hydrogen and clean fuel technology company with adjacent decarbonised industrial gas ambitions. Comparable as a small-to-mid cap AIM/Oslo-listed clean industrial gases developer, though focused on hydrogen/electrolyser technology rather than helium extraction.

Broad incumbents

• Linde plc: Global industrial gases major and one of the largest helium producers and distributors worldwide. Sells into the same semiconductor, medical, and aerospace end-markets and represents the type of strategic acquirer / offtake counterparty that dominates helium supply chains.
• Air Liquide: Global industrial gases major with significant helium production, distribution, and specialty gas capabilities serving the same semiconductor fabs, MRI manufacturers, and aerospace customers that Helium One targets. Major supplier of high-purity electronic gases for chip fabrication.
• Air Products and Chemicals: Global industrial gases incumbent with substantial helium production and electronics-grade specialty gases operations, supplying to the same semiconductor and high-tech manufacturing customers and operating in adjacent decarbonisation and hydrogen spaces.

Direct peers

• Royal Helium: Canadian helium exploration and production company focused on primary helium development in Saskatchewan. Operates in the same primary helium niche with comparable upstream development model targeting industrial gas buyers and end-use verticals like MRI and semiconductor fabrication.
• Desert Mountain Energy: Canadian helium-focused E&P company operating in Arizona and New Mexico with similar upstream model — small-cap, AIM/North American-listed helium developer targeting semiconductor and medical-grade end markets with single-asset production strategy.
• Aviator Hellium (formerly Avanti Energy): Canadian junior helium developer pursuing primary helium production in Montana and Alberta, targeting the same premium end-markets in semiconductor and medical sectors with comparable sub-scale pre-revenue model.
• Blue Star Helium: Australian-listed (ASX: BNL) helium exploration and production company that operates the Galactica-Pegasus project as Helium One's JV partner. Operates the same Lyons Formation helium play in Colorado with overlapping customer base in industrial gases distribution.

Others

• Cimarron Midstream (IACX Energy): US helium and CO2 processing midstream operator and existing Helium One JV partner at the Pinon Canyon facility. Comparable as a service provider to upstream helium producers, with the same gas processing expertise (amine CO2 stripping) required by Helium One's operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Heliumone
• LinkedInlinkedin.com/company/helium-one
• Instagraminstagram.com/heliumone1

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Helium One Global