RE: Revenues4 Dec 2025 15:14
You can also use google to see what costs HE1 have yearly.
As you can see below, Salaries, rents and other overheads equate to exactly what HE1 will get from Galactica per year, circa $3million!
To date all salaries rents and over heads have come from raises taking HE1 to now having over 9 billion shares in issue.
They have taken the SP down from 29p back in 2021 when it had 600million shares in issue! Down to 0.37p with 9billion, all this within 4 years.
The Good news is they will soon have a revenue stream to pay the standard costs.
Im sitting on the sidelines of reinvesting whilst i wait to see how they are going to finance Tanz, what its really worth!
Galactica will not shift the SP north of 0.5, but hopefully one day in the future Tanz will.
Helium One Global Ltd (HE1) is an exploration-stage company with no revenue to date, so its primary "outgoings" consist of administrative expenses and exploration costs, the latter of which are often capitalised. The company's annual reports provide figures in US dollars (USD
For the financial year ended 30 June 2024, Helium One's key outgoings were:
Administrative expenses: approximately US$2.91 million (2023: US$2.77 million). This category generally covers salaries, rent, and other overheads.
Impairment losses: approximately US$5.77 million (2023: US$0.60 million). The total operating loss for the year ended 30 June 2024 was approximately US$8.68 million.Key Executive Salaries
Specific annual salaries for key executives during a recent period (around late 2024/early 2025) were reported as:
Ms. Lorna Blaisse, CEO and Principal Geologist: £214,650
Mr. Graham Jacobs, Finance & Commercial Director: £153,780
Ms. Sarah Cope, Head of Governance & Compliance: £55,290
These individual salaries contribute to the overall administrative expenses reported in the financial statements. The company does not pay dividends to shareholders as it focuses on capital growth and is in the process of moving towards production and generating near-term revenue from its projects in Tanzania and the USA