Business
Final Results
Mendell Helium PLC announced its audited results for the period ended 31 March 2025, revealing a loss for the period of £678,000. The company finished the year with cash of £75,526, subsequently announcing a fundraise of £796,000. The company disposed of its plant based health and wellness business to Orsus Therapeutics PLC, recognizing a gain of £400,000. Mendell Helium extended the option to acquire M3 Helium to 30 November 2025. The company had 43,885,495 ordinary shares in issue at the end of the period. A research & development tax rebate of £21,400 was received after the period end in July 2025. Disclaimer*
About this update from Mendell Helium Plc
[{"type":"text","content":"\n\n\n \nMendell Helium plc\n \n(\"Mendell Helium\" or the \"Company\")\n \nFinal results for the period ended 31 March 2025\nM3 Option Extension\nNotice of AGM\n \nMendell Helium is pleased to provide the Company's audited results for the period ended 31 March 2025.\n \nAs announced on 27 June 2024, the Company has an option to acquire M3 Helium Corp. (\"M3 Helium\"), a producer of helium based in Kansas and with an interest in six wells. There is no certainty that the Company's option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete its re-admission to trading on the AQSE Growth Market.\n \nHighlights in the Chairman's and CEO's statements include:\n· Plans to admit to trading on AIM remain on track and will follow production commencing at M3 Helium's Rost 1-26 well (\"Rost\")\n· Positive developments at Rost with increasing visible gas shows\n· Operations continuing at the Jasper well in Nebraska following earlier weather delays and equipment difficulties\n· Extension of date on which our option to acquire M3 Helium must be exercised to 30 November 2025\n \nThe Company's annual report and accounts for the year ended 31 March 2025 and notice of annual general meeting (\"AGM\") were posted on 30 September 2025 to Mendell Helium's shareholders. The AGM will be held at 10.30 am on Thursday 30 October 2025 at Edinburgh Printmakers, Castle Mills, 1 Dundee Street, Edinburgh, EH3 9FP.\n \nCopies of the annual report and accounts and notice of AGM are available on the Company's website: https://www.mendellhelium.com\n \nThis 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.\n \nNick Tulloch, Chief Executive Officer of Mendell Helium and Chairman of M3 Helium, said: \"We are pleased to publish our annual report for the year ended 31 March 2025 but we know that investors will be particularly interested in looking forward to production commencing at Rost and our planned admission to AIM. These events are, as we have said before, linked. Both Mendell Helium and M3 Helium believe that the time ...