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Blue Star Helium
(OTC:BNL)
Blue Star Helium (BNL) vs. iShares MSCI Australia ETF (EWA)
Blue Star Helium Business Overview & Revenue Model
Blue Star Helium Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.66K | 8.66K | 8.01K | 12.33K | 8.54K | 5.63K |
| Gross Profit | -877.41K | -86.19K | 113.46K | 12.33K | -406.08K | -290.25K |
| EBITDA | -4.75M | -12.32M | -3.19M | -6.04M | -1.39M | -1.70M |
| Net Income | -6.05M | -13.06M | -3.13M | -6.02M | -1.40M | -1.69M |
Balance Sheet | ||||||
| Total Assets | 21.17M | 22.74M | 22.50M | 19.61M | 22.73M | 9.04M |
| Cash, Cash Equivalents and Short-Term Investments | 865.19K | 2.69M | 6.87M | 6.82M | 15.63M | 4.91M |
| Total Debt | 10.58M | 11.45M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 14.56M | 12.32M | 583.18K | 878.04K | 818.71K | 630.03K |
| Stockholders Equity | 6.62M | 10.43M | 21.92M | 18.73M | 21.91M | 8.41M |
Cash Flow | ||||||
| Free Cash Flow | -4.26M | -3.10M | -6.78M | -8.85M | -4.33M | -4.88M |
| Operating Cash Flow | -2.40M | -2.82M | -3.20M | -2.15M | -1.53M | -1.31M |
| Investing Cash Flow | 1.17M | -2.59M | -3.56M | -6.70M | -2.80M | -3.57M |
| Financing Cash Flow | 977.60K | 1.32M | 6.98M | -4.43K | 15.06M | 8.72M |
Blue Star Helium Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | AU$5.64M | ― | -4.05% | ― | 12.37% | 66.67% | |
48 Neutral | AU$11.00M | -2.92 | -7.92% | ― | ― | 16.52% | |
45 Neutral | AU$18.07M | -12.50 | -1.94% | ― | ― | 89.19% | |
44 Neutral | AU$6.60M | ― | ― | ― | ― | ― | |
43 Neutral | AU$23.47M | ― | -67.38% | ― | -4.88% | 62.30% | |
39 Underperform | AU$8.35M | ― | -15.46% | ― | -9.56% | 87.68% |
Blue Star Helium Corporate Events
Blue Star Helium has notified the market of the issue of 270 million unquoted options, each exercisable at $0.006 and expiring on 30 June 2026. The substantial option grant, which will not be quoted on the ASX, represents a potential capital injection if exercised and may be linked to previously outlined funding or incentive arrangements, signalling ongoing efforts to support the company’s project pipeline and capital structure without immediate equity dilution.
Blue Star Helium has issued 540 million fully paid ordinary shares on 30 December 2025, using an exemption that allowed the placement without a formal disclosure document to investors under the Corporations Act. The company stated it is up to date with its financial reporting and continuous disclosure obligations and confirmed there is no excluded information relevant to the new share issue, signalling regulatory compliance and transparency around the capital raising for existing and potential shareholders.
Blue Star Helium Limited has applied to the ASX for quotation of 540 million new fully paid ordinary shares under the code BNL, with an issue date of 30 December 2025. The large volume of shares being quoted points to a significant capital-related transaction previously flagged to the market, which could materially affect the company’s funding capacity and shareholder base as it advances its helium exploration and development activities.
Blue Star Helium has released a corporate presentation dated 22 December 2025 outlining its progress toward first helium production from its Galactica project, scheduled to start up in December 2025, which would make it one of America’s newest helium producers. The document is framed as informational rather than an offer or financial product advice, emphasising that it contains summary, potentially incomplete information, and is subject to change, while underscoring the uncertainties and risks around forward-looking statements, investment outcomes, and regulatory constraints on any potential securities offering, particularly in jurisdictions such as the United States.
Blue Star Helium Limited has notified the ASX of a proposed securities issue comprising up to 544 million new fully paid ordinary shares and 272 million unquoted options, each exercisable at $0.006 and expiring on 30 June 2026, to be issued via a placement or similar capital-raising structure on or around 30 December 2025. The substantial equity and option issuance underscores the company’s need to strengthen its funding base for ongoing operations and project development, with the resulting dilution balanced by the potential to support future growth in its helium portfolio and enhance its positioning within the helium exploration and production industry.
Blue Star Helium has launched a capital raising of up to A$8.2 million to fund the advancement of its Galactica helium project in North America, positioning itself to become one of the region’s newest helium producers. The funding package comprises a A$2.72 million institutional placement of 544 million new shares and a non-renounceable rights issue to raise up to a further A$5.46 million, both priced at A$0.005 per share, with additional free options attached to placement shares; proceeds, alongside existing cash, will support general working capital and the transition of the Galactica project into its next development phase, including ramping up initial helium production, expanding plant throughput, and drilling and tying in additional wells across the scalable Galactica-Pegasus development area.
Blue Star Helium Limited has announced a trading halt of its securities on the ASX, pending the release of an announcement related to a capital raising effort. This move signals potential growth and investment plans for the company, emphasizing its strategy to strengthen operations and industry positioning, which could have implications for shareholders and market dynamics.
Blue Star Helium has announced significant progress in its Galactica project, with the completion of the gathering system and substantial mechanical completion of the production facility. The company is set to commence commissioning this week, aiming for first production by December 2025. This development marks a crucial milestone for Blue Star Helium, enhancing its operational capabilities and potentially strengthening its market position in the helium industry.
Blue Star Helium Limited has announced significant progress in the development of its Galactica production facility, with the on-site assembly of key components underway and the project remaining on schedule for first helium production in December 2025. The joint venture with Helium One Global Ltd, which holds a 50% working interest, underscores the strategic importance of this project in enhancing Blue Star’s position in the helium market.
Blue Star Helium Limited has announced significant progress in the construction of its Galactica production facility, marking a key milestone with the installation of the first section of the gathering system. The project, a joint venture with Helium One Global Ltd, remains on schedule for its first production output in December 2025, signifying a crucial step in the company’s transition towards production and reinforcing its position in the helium exploration industry.
Blue Star Helium Limited announced significant progress in its Galactica Project, with the first stage of development nearing completion and initial helium production scheduled for December 2025. The company also raised A$4.5 million through equity placement, strengthening its financial position as it advances its operations, although it decided not to pursue the WFE assets after evaluation.
Blue Star Helium has signed a lease agreement with Kinder Morgan for CO2 processing equipment, marking a significant step in the development of its Galactica project in Colorado. The project is on track to begin helium and CO2 production by December 2025, with the aim of establishing a major industrial gas supply area. This development is expected to deliver substantial value to stakeholders and positions Blue Star Helium as a reliable source of natural CO2 and helium.