Companies / BNL

BLUE STAR HELIUM LIMITED

ASX:BNLEnergy
6.15B shares on issueASX (delayed) · as of 28 July 2026$0.005price · delayed$30.8Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 216% in 24 months; 7 cash raises in 24 months

Cash runway0.9 quarters of funding
Share-count growth (24m)216.4%
Raise cadence (24m)7 cash raises
Options & rights overhang16.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BLUE STAR HELIUM LIMITED's ordinary share count grew 216.4% between July 2024 and June 2026, to 6.15B shares. The company raised capital seven times in that period for total disclosed proceeds of A$37.9M, most recently a A$4.7M placement in March 2026. Options and rights on issue could convert into 992M new shares, equal to 16.1% of the current share count, with none currently in the money and the nearest expiry in October 2026. At the March 2026 quarter the company reported A$2.3M in available cash, about 0.9 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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16.1%
Max option dilution
0.0%
ITM option dilution
6
Raises · last 12 months
0.9 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 6.15B per ASX (delayed) (28 July 2026).
3.42B4.42B5.43BDec 24Sept 25July 26Cash raise · 25 Mar 2026Cash raise · 25 Mar 2026Cash raise · 17 Dec 2025Cash raise · 17 Dec 2025Cash raise · 28 July 2025Cash raise · 28 July 2025

Cash runway

0.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$2.3M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
1 July 20263H · cancellationBNL : ORDINARY FULLY PAID6.15BAppendix 3H
30 June 20262A · quoted issueBNL : ORDINARY FULLY PAID6.15BAppendix 2A
30 June 20263G · unquotedORDINARY FULLY PAID6.15BAppendix 3G
26 June 20263G · unquotedORDINARY FULLY PAID6.13BAppendix 3G
25 June 20262A · quoted issueBNL : ORDINARY FULLY PAID6.15BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

7 cash raises in the last 24 months · 6 in the last 12 months

$4.7M
Placement
25 Mar 2026 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

16.1%
Total overhang · of current shares
0.0%
In the money · at current price
992.1M
Potential new shares
Oct 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
26 June 2026Trent SpryOther———3Y notice
26 June 2026Gregg PetersOther—9.0M—3Y notice
26 June 2026Neil RinaldiOther———3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

27 July 2026$PBlue Star Delivers Second Helium Trailer
13 July 2026$PFirst Helium Sold from Pinon Canyon
1 July 2026Notification of cessation of securities - BNL
30 June 2026Notification regarding unquoted securities - BNL
30 June 2026s708A Notice
30 June 2026Application for quotation of securities - BNL
26 June 2026Change of Directors' Interest Notices
26 June 2026Notification regarding unquoted securities - BNL
25 June 2026Change of Director's Interest Notice
25 June 2026s708A Notice
25 June 2026Application for quotation of securities - BNL
23 June 2026s708A Notice
23 June 2026Application for quotation of securities - BNL
9 June 2026Change in substantial holding
5 June 2026Change of Director's Interest Notice
5 June 2026Notification regarding unquoted securities - BNL
5 June 2026Application for quotation of securities - BNL
5 June 2026s708A Notice
5 June 2026Application for quotation of securities - BNL
4 June 2026Application for quotation of securities - BNL

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.