Result of AGM
Mendell Helium PLC held its Annual General Meeting today, and all resolutions were duly passed. For resolution 01, 27,638,905 votes were cast in favor, with 113,918 withheld. Resolution 02 saw 27,585,679 votes for and 53,226 against, with 113,918 withheld. Resolution 03 had 27,425,679 votes for and 53,226 against, with 273,918 withheld. Resolutions 04, 06 and 07 each received 27,638,905 votes for, with 113,918 withheld. Resolution 05 had 27,585,679 votes for and 53,226 against, with 113,918 withheld. Resolutions 08 and 09 each received 27,478,905 votes for and 269,554 against, with 4,364 withheld. Resolution 10 received 27,748,459 votes for, with 4,364 withheld. The number of shares in issue as of October 29, 2025, was 116,155,653. The company does not hold any shares in treasury.
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The Annual General Meeting of the Shareholders of Mendell Helium was held today at 10.30 am (UK) at Edinburgh Printmakers, Castle Mills, 1 Dundee Street, Edinburgh, EH3 9FP. 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 | Withheld | Total |
|---|---|---|---|---|---|
| 01 | 27,638,905 | Nil | Nil | 113,918 | 27,752,823 |
| 02 | 27,585,679 | 53,226 | Nil | 113,918 | 27,752,823 |
| 0 3 | 27,425,679 | 53,226 | Nil | 273,918 | 27,752,823 |
| 04 | 27,638,905 | Nil | Nil | 113,918 | 27,752,823 |
| 05 | 27,585,679 | 53,226 | Nil | 113,918 | 27,752,823 |
| 06 | 27,638,905 | Nil | Nil | 113,918 | 27,752,823 |
| 07 | 27,638,905 | Nil | Nil | 113,918 | 27,752,823 |
| 08 | 27,478,905 | 269,554 | Nil | 4,364 | 27,752,823 |
| 09 | 27,478,905 | 269,554 | Nil | 4,364 | 27,752,823 |
| 10 | 27,748,459 | Nil | Nil | 4,364 | 27,752,823 |
The number of shares in issue at 6:30 p.m. (UK) on 29 October 2025 was 116,155,653. 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.
M3 Helium has interests in ten wells in South-Western Kansas of which five (Peyton, Smith, Nilson, Bearman and Demmit) are in production. Eight of the company's wells are within the Hugoton gas field, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells can quickly be tied into the infrastructure.
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 authorised at 5,000 barrels of water per day at 1,200 psi.
M3 Helium is also developing a Bitcoin mining operation in Nebraska where it has taken a lease of land prospective for biogenic methane and is drilling a pilot well (Jasper). It is onboarded for custody with Bitgo Inc. and its Bitcoin treasury management policy is available at https://mendellhelium.com/bitcoin-treasury.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.