Blue Star Helium completes Stage 1 milestone. ASX-listed BNL has transitioned its Pinon Canyon facility to 24/7 operations with six wells now online following completion of the Galactica project Stage 1. The company has secured initial spot-price helium sales with a second trailer arriving shortly. A trading halt has been called pending a capital raising announcement. Long-term offtake negotiations continue with multiple parties for helium and CO2 supply contracts. The global helium market remains structurally tight due to supply disruptions, positioning US-sourced producers favorably. CO2 liquefaction remains on track for Q2 2026. Blue Star operates the Galactica project as a 50 percent joint venture with Helium One Global Ltd.
Post from MarketNews_en
Log in to interact with content.