Blue Star Helium (AU:BNL) has released an update.
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Blue Star Helium Limited has announced a partnership with Helium One, which will invest US$1.5 million and fund the drilling of six development wells to earn a 50% stake in the Galactica / Pegasus project in Colorado. The drilling is set to begin in Q4 2024, with first helium and CO2 production anticipated for the first half of 2025. The deal is part of Blue Star’s strategic plan to accelerate growth and expand production operations in the region.
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