Release of Updated AIM Schedule One
Mendell Helium PLC has announced its proposed admission to trading on AIM, with ordinary shares expected to commence trading on June 16, 2026, following the release of an updated AIM Schedule One. Concurrently, the company plans to withdraw its ordinary shares from trading on the AQSE Growth Market on June 30, 2026. The company also notes its operations in Kansas, including the Rost 1-26 well which has tested at 5.1% helium composition and a drill stem test yielding approximately 2,900 Mcf per day, and its intention to invest surplus cash and hold treasury reserves in bitcoin, acknowledging the high-risk nature of this investment.
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Mendell Helium, the helium production company with operations in Kansas, notes the release of an updated Schedule One by the London Stock Exchange in respect of its proposed admission to trading on AIM ("Admission"). This is available to view on the London Stock Exchange website and the Company's website www.mendellhelium.com. The Company's ordinary shares of 1 pence each ("Ordinary Shares") are expected to commence trading on AIM on 16 June 2026.
In conjunction with the Admission, further to the announcement on 1 June 2026, the Company announces the proposed withdrawal of its Ordinary Shares from trading on the Access Segment of the Aquis Stock Exchange ("AQSE") Growth Market is expected to occur at 7:00 a.m. on 30 June 2026. A further announcement will be made in due course.
The Directors of the Company are responsible for the release of this announcement.
| 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 |
| Fortified Securities Guy Wheatley | Tel: +44 (0) 203 4117773 |
| OAK Securities Jerry Keen / Calvin Man | Tel: +44 (0) 20 3973 3678 |
| 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 Mendell Helium
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. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 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 (at $300/Mcf helium).
M3 Helium has subsequently drilled a second well, Rost 2-26, which is currently being completed. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.