Past year: ▼ 35%(0.30c – 0.80c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Aug 2026material agreement▲ GoodMajor
The helium offtake with the unnamed US buyer, due to expire 31 August 2026, is extended to 31 March 2027 at a fixed price, still covering all Pinon Canyon output. This resolves the near-term expiry catalyst; long-term offtake talks continue.
18 Aug 2026investor presentation● Neutral
Updated August 2026 corporate presentation, with a CEO webinar on 20 August. The announcement itself gives no new results; presentation content beyond the cover and disclaimer was truncated and not read.
11 Aug 2026production update● Neutral
Third helium trailer delivered under the offtake agreement, with a fourth being filled. Deliveries are now on a scheduled basis. Output is expected to rise through debottlenecking, new wells and deepening. Repeats the pattern of the 14 and 28 July updates.
31 July 2026quarterly activities report● Neutral
June 2026 quarter: Pinon Canyon plant commissioning phase complete, all six wells available, cash A$5.0m with zero debt. No helium revenue yet, as first sale came after quarter end. CO2 sales, targeted for this quarter, were not achieved.
28 July 2026production update▲ Good
Second helium trailer delivered under the offtake agreement; the plant has stabilised at current production levels. Individual trailer exchanges will no longer be announced. Three new wells (H2 2026, subject to permit) and debottlenecking are planned to lift output.
14 July 2026production update▲ GoodMajor
First production tube trailer sold and leaving Pinon Canyon, ending the commissioning phase; the first trailer under the June offtake is being filled. Uptime has risen. Three new wells are planned for H2 2026, subject to permit, with well deepening under review.
30 June 2026admin correction● Neutral
Administrative notice that 2,000,000 shares were issued on 30 June 2026. No purpose stated. No new information.
25 June 2026admin correction● Neutral
Administrative notice that 22,000,000 shares were issued on 25 June 2026. No purpose stated. No new information.
23 June 2026admin correction● Neutral
Administrative notice that 1,250,000 shares were issued on 22 June 2026. No purpose stated. No new information.
5 June 2026capital raising announcement● Neutral
Notice that 678,563,674 shares were issued on 5 June 2026. Likely the Tranche 2 placement shares (668.99m) plus others (inference; approval outcome not seen). No new information.
4 June 2026contract award▲ GoodMajor
First formal helium offtake: a 3-month fixed-price agreement with a major US industrial gases buyer for all Pinon Canyon output, expiring 31 August 2026. Price reflects spot and is confidential. Long-term talks and CO2 discussions continue. Plant still filling trailers intermittently.
12 May 2026admin correction● Neutral
Administrative notice that 56,000,000 shares were issued on 12 May 2026. No purpose stated. No new information.
30 Apr 2026quarterly activities report● Neutral
March 2026 quarter: Stage 1 substantially complete with six wells tied in; first trailer sold at spot; 24/7 operation pending automation work. CO2 sales targeted for June quarter. A$10.0m placement completed, 37.1m options exercised for A$228,858. Largely repeats known events.
28 Apr 2026agm notice● Neutral
Chairman's letter confirming the AGM on 29 May 2026 at 11:00am AWST in Perth, with the notice of meeting available online rather than by post. Administrative.
22 Apr 2026agm notice● Neutral
AGM moved from 22 May to Friday 29 May 2026. Notice of meeting still being prepared. Administrative change.
14 Apr 2026admin correction● Neutral
Administrative notice that 2,657,095 shares were issued on 14 April 2026. No purpose stated. No new information.
8 Apr 2026admin correction● Neutral
Notice that 997,674,493 shares were issued on 8 April 2026. These match the Tranche 1 placement shares (inference). No new information.
2 Apr 2026agm notice● Neutral
2026 AGM set for 22 May 2026, with director nominations closing 10 April 2026. Administrative; the meeting also needs to approve the A$4.0m Tranche 2 placement.
31 Mar 2026other● Neutral
Appendix 4G, a checklist pointing to the corporate governance disclosures for the year ended 31 December 2025. Administrative filing with no substance beyond that.
31 Mar 2026annual report● Neutral
FY2025 annual report: first helium on 22 December 2025 after the Major Facilities Permit (April 2025) and plant build. Two raisings totalling A$7.24m funded it. Sustained commercial production is targeted by mid-2026, with 20-30 further drilling locations identified. Financial statements were truncated and not read.
31 Mar 2026other● Neutral
Corporate governance statement, approved by the board 31 March 2026, accompanying the annual report. Administrative compliance document with no new operational or financial information.
30 Mar 2026capital raising announcement▲ GoodMajor
Firm commitments for an oversubscribed A$10.0m institutional placement of 1,666,666,667 shares at A$0.006. Tranche 1 (A$6.0m, 997.7m shares) uses the rights shortfall and existing capacity; Tranche 2 (A$4.0m) needs approval at the May AGM. Funds go to Galactica, Pegasus and working capital.
What it means for a shareholder
1.67bn new shares at A$0.006 to raise about A$10.0m. That's 28% dilution: every existing holder's slice gets 28% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.00382% to 0.00277% of the company. To keep it you'd need 63,701 more shares - about A$382 at the issue price.
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30 Mar 2026admin correction● Neutral
Administrative notice that 32,143,000 shares were issued on 30 March 2026. No purpose stated (possibly option exercises; inference). No new information.
26 Mar 2026production update▲ Good
Stage 1 complete, with six wells tied in (Jackson 2, 4, 29, 31, State 9 and 16) and the plant moving to 24/7 operation. The first trailer will sell at spot price; long-term contract talks continue. CO2 liquefaction is on track for H1 2026 (the text also says Q2 2026).
24 Mar 2026admin correction● Neutral
Cleansing notice for 5,000,000 shares issued on 24 March 2026. The purpose is not stated (possibly part of the shortfall or another issue; inference). No new information.
5 Mar 2026production update▲ Good
Integrated operations have started, with the amine unit removing CO2 and the plant filling a tube trailer for spot-market sale. State 9, State 16, Jackson 31 and Jackson 29 are on production; Jackson 4 is temporarily offline. CO2 liquefaction is still targeted for H1 2026.
12 Feb 2026production update● Neutral
Plant was shut in after December's first helium to integrate the amine unit, with integrated operations due the following week. State 9 and State 16 are ready for tie-in; spot helium sales are arranged and long-term talks progress.
30 Jan 2026quarterly activities report▲ Good
December 2025 quarter: first helium achieved at Galactica on 22 December, placement of A$2.72m and rights issue of A$1.06m completed. First sales are targeted for early 2026 and CO2 for H1 2026. Mostly known events.
29 Jan 2026capital raising announcement▼ BadMajor
Rights issue closed with applications for 212.7m shares, raising about A$1.06m, roughly 20% take-up. The A$4.4m shortfall (879m shares) may be placed until 23 April 2026 at no less than A$0.005. Total raised so far is far below the A$8.2m headline.
20 Jan 2026production update▲ Good
After December's first helium, technical teams are optimising the plant and the first tube trailer has arrived on site. A filled 170 Mscf trailer is put at US$59,500-102,000 gross; no sales yet reported.
