During Q2'24, Blue Star saw several developments on the Colorado leases, including an A$3mm equity raise to fund exploration at the Galactica/Pegasus and Serenity projects and closing a farm-out agreement with Helium One for 50% of Gal/Peg. Blue Star also increased its stake to 100% in the Serenity Project, where it targets beverage-grade CO2 production by H1'25. First helium production from Gal/Peg is also expected in H1'25. The company ended the half-year with a net loss of A$10mm, cash position of A$1.2mm and total assets of A$22mm.
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See AllHelium One plans to acquire a 50% interest in Blue Star Helium's Galactica-Pegasus project in Colorado, USA, and associated leases,...
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