Exercise of warrants
Mendell Helium PLC has announced the exercise of warrants for 250,000 new ordinary shares at 4 pence each, generating £10,000 in cash proceeds. These new shares are expected to be admitted to trading on the AQSE Growth Market on or around April 13, 2026, increasing the Company's total voting rights to 149,241,306. The announcement also details the ongoing acquisition of M3 Helium, which has a helium well in Kansas with a tested composition of 5.1% helium and a production rate of approximately 2,900 Mcf per day, alongside interests in other producing wells and a developing Bitcoin mining operation.
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Mendell Helium announces that the Company has received notice to exercise warrants over 250,000 new ordinary shares at an exercise price of 4 pence generating cash proceeds for the Company of £10,000.
Admission
Application has been made for 250,000 new ordinary shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market ("Admission"). Admission is expected to occur at 8:00 a.m. on or around 13 April 2026. The new ordinary shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company's enlarged share capital will comprise 149,241,306 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 149,241,306. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
| 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 |
| AlbR Capital Limited Gavin Burnell, Colin Rowbury, Jon Belliss | Tel: +44 (0) 207 4690930 |
| 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's flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a 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 although management believes on-site purification to around 75% will be more practical.
Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 5,000 barrels of water per day at 1,200 psi.
Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.