Result of General Meeting
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The General Meeting of the Shareholders of Mendell Helium was held today at 11.00 am (UK) at Arran House, Arran Road, Perth, Perthshire PH1 3DZ. The Company is pleased to confirm that all resolutions were duly passed.
Full details of the poll results are set out below:
| Resolution | For | Against | Discretion to Chairman | Percentage of Voting Rights | Withheld | Total |
|---|---|---|---|---|---|---|
| 01 | 29,010,843 | Nil | Nil | 25.18% | 10,000 | 29,020,843 |
| 02 | 29,010,843 | Nil | Nil | 25.18% | Nil | 29,020,843 |
| 03 | 28,728,843 | 292,000 | Nil | 25.18% | Nil | 29,020,843 |
The number of shares in issue at 6:30 p.m. (UK) on 11 July 2025 was 115,255,635. The Company does not hold any shares in treasury.
| Mendell Helium plc Nick Tulloch, CEO | Via our website investors@mendellhelium.com |
| Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray | Tel: +44 (0) 20 7213 0880 |
| SI Capital Limited (Broker) Nick Emerson | Tel: +44 (0) 1483 413500 |
| Stanford Capital Partners Ltd (Broker) Patrick Claridge/ Bob Pountney | Tel: +44 (0) 203 3650 3650/51 |
| Fortified Securities Guy Wheatley | Tel: +44 (0) 203 4117773 |
| Brand Communications ( Public & Investor Relations) Alan Green | Tel: +44 (0) 7976 431608 |
Overview of M3 Helium
Mendell Helium announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Mendell Helium to M3 Helium's shareholders. The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.
The ninth well, Rost, is in Fort Dodge, just to the east of Dodge City, Kansas. It was tested in July 2024 as containing 5.1% helium composition and a previous drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. M3 Helium owns a mobile Pressure Swing Adsorption production plant which has been installed on site and will be used to purify the produced helium. The plant is capable of processing up to 800 Mcf per day of raw gas and purifying it up to 99.999% helium.
The tenth well, Brobee, is a disposal well that has been tested at over 4,500 barrels of water per day at 640 psi.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.