Completion of Acquisition of Keyes Helium Complex

Helix Exploration PLC (AIM: HEX, OTCQB: HEXFF), the US based helium production and liquefaction company, is pleased to announce the completion of the acquisition of the Keyes helium complex ("Keyes Helium Complex").

On 2 July 2026, the Company announced it had entered into a conditional share purchase agreement to acquire the Keyes Helium Complex, a strategically located helium purification and liquefaction facility in Oklahoma, for aggregate consideration of US$11 million ("Acquisition"). The Acquisition enables Helix to capture the full margin from wellhead to liquid delivery, positioning the Company as an independent, multi-source US liquefier with both its own production and liquefaction infrastructure.

Bo Sears, Chief Executive Officer of Helix, commented: "The completion of the Keyes Helium Complex acquisition is a defining milestone for Helix. It transforms our business from a helium producer into a fully integrated helium company, giving us the rare ability to control the value chain from production through to liquefaction. We have acquired a high-quality, cash-generative strategic asset at a substantial discount to replacement cost, with significant expansion potential and infrastructure that would be exceptionally difficult to replicate today. As one of only a handful of helium liquefaction facilities in the United States, the Keyes Helium Complex positions Helix at the centre of an evolving North American helium market and provides a strong platform to accelerate growth, enhance margins and create long-term value for our shareholders."

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