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	15,080,057	Nil	Nil	18.02%	Nil	15,080,057
02	15,080,057	Nil	Nil	18.02%	Nil	15,080,057
03	15,080,057	Nil	Nil	18.02%	Nil	15,080,057
04	15,080,057	Nil	Nil	18.02%	Nil	15,080,057

The number of shares in issue at 6:30 p.m. (UK) on 12 May 2025 was 83,693,444. The Company does not hold any shares in treasury. 

Issue of Equity & Warrants

Further to the announcement on 25 April 2025, the Company has issued 1,941,691 new Ordinary Shares (“Follow On Fundraise Shares”) and a corresponding number of warrants pursuant to the Follow On Fundraise (as defined in the 25 April 2025 announcement). During April 2025, Mendell Helium raised, in aggregate, approximately £834,000 through the combined fundraise. Following the General Meeting, the Company now has allotment authorities in respect of investor warrants over 41,749,650 new Ordinary Shares exercisable at a price of 3 pence per share and broker warrants over 675,000 new Ordinary Shares exercisable at a price of 2 pence per share, each exercisable for a period of two years from the 14 April 2025.

Admission 

Application will be made for the Follow On Fundraise Shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (“Admission”). Admission is expected to occur at 8:00 am on or around 16 May 2025. 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  85,635,135 ordinary shares of 1 pence each. Therefore, the total number of voting rights in the Company will be  85,635,135. 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.

Capitalised terms used in this announcement shall, unless otherwise defined, have the same meaning as set out in the announcement on 25 April 2025. 

The Directors of the Company are responsible for the release of this announcement.

ENDS

Enquiries:

Mendell Helium plc Nick Tulloch, CEO	Tel: +44 (0) 20 8080 8176 nick@mendellhelium.com https://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 nine 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.