2 Jan 2026capital raising announcement● Neutral
Administrative notice that the rights issue offer document and acceptance forms were despatched on 2 January 2026. The offer closes 23 January 2026. No new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Dec 2025admin correction● Neutral
Cleansing notice for 540,000,000 shares issued on 30 December 2025. These appear to be the placement shares (inference; the placement was announced as 544m). No new information.
22 Dec 2025admin correction● Neutral
Cleansing notice for the rights issue, stating up to 1,091,783,424 shares could be issued for about A$5.46m. Records 931.9m options and 14.2m performance rights outstanding. Administrative; no new information.
22 Dec 2025production update▲ GoodMajor
Pinon Canyon plant start-up completed and refined helium produced at Galactica, meeting the December 2025 target. Helium sales are expected from January 2026 via short-term contracts, with long-term offtake talks continuing.
22 Dec 2025capital raising announcement● Neutral
Offer document for the 10-for-33 rights issue at A$0.005 to raise about A$5.46m. Opens 2 January and closes 23 January 2026. Formal terms of the raising announced the same day; no new figures.
22 Dec 2025investor presentation● Neutral
December 2025 corporate presentation titled 'America's newest helium producer', issued alongside the raising and first helium. The visible text is mainly disclaimers; the rest was truncated, so no new substance can be confirmed.
22 Dec 2025capital raising announcement● NeutralMajor
Raising up to A$8.2m at A$0.005: a A$2.72m placement of 544m shares with free 0.6c options (1 per 2 shares, expiring 30 June 2026), plus a 10-for-33 rights issue for A$5.46m. Follows cash of A$1.905m at 30 September.
15 Dec 2025production update▲ Good
Gathering system has passed pressure testing and is tied in to the facility, which is substantially mechanically complete. Commissioning starts this week, and first production is still projected for December 2025.
26 Nov 2025production update▲ Good
Gathering system is substantially complete, plant site construction is finished and large equipment is arriving for assembly. First production still projected for December 2025, with commissioning expected in coming weeks.
10 Nov 2025production update▲ Good
The first section of the Galactica gathering system has been installed, and first production is still projected for December 2025. A construction progress step, not a change in plan.
31 Oct 2025production update▲ Good
Contractors broke ground on the Galactica production facility pad and gathering system, with first helium still on track for December. Construction starts at Jackson 31 and extends to the other wells and the plant.
21 Oct 2025investor presentation● Neutral
October 2025 corporate presentation repeating first helium from Galactica in December 2025. Shows 3,603m shares on issue, 932m options and a 0.7c share price. Nothing new beyond known facts.
15 Oct 2025quarterly activities report● Neutral
September 2025 quarter: Galactica on schedule for first helium in December 2025, WFE option declined, and the A$4.5m two-tranche placement completed. Cash was A$1.905m. The IACX helium recovery unit was confirmed ready for delivery.
13 Oct 2025contract award▲ GoodMajor
Signed a two-year equipment lease with Kinder Morgan for the amine unit that separates CO2 at Galactica, sized for up to 4.2 MMscfd of raw gas and up to 37,000 tons a year of CO2. First helium still due December; CO2 sales H1 2026.
25 Sept 2025other● Neutral
Administrative notice that 235,000,000 shares were issued on 25 September 2025. This is Tranche 2 of the July placement, so the shareholder meeting approval appears to have been obtained (inference); no new information.
18 Sept 2025asset acquisition disposition● NeutralMajor
Blue Star elected not to exercise its option to buy the Wiepking-Fullerton helium assets in Lincoln and Cheyenne Counties after evaluation. It says capital is better spent bringing Galactica to market and developing Las Animas. This ends the growth thread opened in December 2024.
18 Sept 2025production update▲ Good
Galactica facility development is described as well advanced, with first helium on schedule for December 2025 and first CO2 in H1 2026. Permits are in place and equipment packages are selected. Supports the H2 2025 target set in June.
12 Sept 2025half year report● Neutral
Half-year to 30 June 2025: loss of A$3.33m, down from A$10.35m a year earlier. Share price was A$0.005 at period end. Report recaps the Galactica six-well program and seven wells ready for tie-in; mostly known results.
19 Aug 2025agm notice● Neutral
Cover letter to shareholders saying a general meeting will be held in Perth on 19 September 2025 at 11:00am AWST, with the notice available online. It does not itself state the agenda; the meeting is presumably the one for Tranche 2 (inference).
7 Aug 2025other● Neutral
Administrative notice that 673,000,000 shares were issued on 7 August 2025. This is Tranche 1 of the July placement; no new information.
31 July 2025capital raising announcement● NeutralMajor
Raising A$4.5m through a placement of 908m shares at A$0.005, with one free option per two shares (1c, two years) subject to approval. Funds go to plant civils, gathering system and production facilities at Galactica. Tranche 2 needs a September general meeting.
What it means for a shareholder
908m new shares at A$0.005 to raise about A$4.5m. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.00742% to 0.00555% of the company. To keep it you'd need 67,387 more shares - about A$337 at the issue price.
Create a free account to see this worked out for your own holding.
31 July 2025quarterly activities report● Neutral
June 2025 quarter: the six-well Galactica program finished, Helium One now holds its 50% stake, and the Pinon Canyon plant permit was received. Bubba State 3 test repeated (740 Mcfd, 2.01% helium). Cash was A$865,000, zero debt; production still targeted H2 2025.
31 July 2025well test result▲ Good
Aloha Mula 12, third well on the Wiepking-Fullerton option, flowed at a constrained 3,000 Mcfd with negligible drawdown, modelled AOF 9,000 Mcfd and 1.41% helium. The CEO calls it the strongest well of the campaign; Big Wampum 4 is under test and no exercise decision yet.
8 July 2025drilling progress report● Neutral
The workover rig has moved to Aloha Mula 12, the third well in the Wiepking-Fullerton option test program, ahead of Big Wampum 4 as the fourth. Results from all four tests will inform the option decision. No new results.
10 June 2025production update● NeutralMajor
The six-well 2025 Galactica campaign is complete, and the company now targets first commercial helium production from the Pinon Canyon Plant in H2 2025. This moves the earlier H1 2025 target back. Plant design, civil works and well tie-ins remain to be done.
10 June 2025flow test result▲ Good
State 9 is flowing naturally at over 360 Mcfd, with projected constrained rates of 400-500 Mcfd (max 600). Helium is up to 1.52% with 80.48% CO2. The company calls it the strongest well on the eastern flank and the end of the drilling campaign.
3 June 2025drilling result▲ Good
State 9, the sixth and final campaign well, reached total depth at 1,225 feet with 60 feet of gas-saturated Lyons Sandstone, no water and robust natural flow. The rig is released. Lab results are pending.
21 May 2025drilling spud● Neutral
State 9, the sixth and final well of the Galactica campaign under the Helium One farm-in, has spudded and the conductor is set. Helium One funds the first US$450,000. No results yet.
15 May 2025flow test result▲ Good
Jackson 2 is flowing naturally at over 250 Mcfd, with projected constrained rates of 300-400 Mcfd (max 500). Helium is up to 1.22% with 77.77% CO2. State 9 is to be drilled next as the sixth well.
6 May 2025drilling result▲ Good
Jackson 2, the fifth campaign well, reached total depth at 1,232 feet with 73 feet of gas-saturated Lyons Sandstone, no water and strong natural flow. Lab results pending. The sixth Helium One-funded well will be State 9.