Mendell Helium announces that a circular and notice of general meeting have been posted to shareholders to seek shareholder approval for the Fundraise (“Second Tranche Admission”) and the acquisition of M3 Helium, pursuant to the announcement of 30 April 2026.

Following completion of the Acquisition, Mendell Helium intends to use the net proceeds of the Fundraise to expand its operations in the Fort Dodge Area. This will include leasing additional land (with suitable locations already identified), drilling and recompleting production and water disposal wells, further development of helium purification facilities and general working capital purposes.

The General Meeting will be held at 10.00 a.m. on Monday 18 May 2026, at the Company’s offices at Office 12, Arran House, Arran Road, Perth, Perthshire PH1 3DZ.

An extract from the circular is set out in Appendix 1 below. Words and expressions defined in the circular have the same meaning in this announcement. Copies of the full text of the circular and notice of General Meeting are available on the Company’s website.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

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