Business
Further leases secured in Fort Dodge
Mendell Helium plc announced that its subsidiary, M3 Helium Corp., has secured two additional leases, Durler and Leffert, in Fort Dodge, Kansas, prospective for helium production. These leases are strategically located near existing holdings and are expected to support two production wells each, aligning with the company's strategy to accelerate development following a £5 million fundraising. The company believes these new leases could lead to cost savings through combined production facilities and access to disposal wells. 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 \nFurther leases secured in Fort Dodge\n \nMendell Helium is pleased to announce that M3 Helium Corp. (\"M3 Helium\") has signed two further leases for land in Fort Dodge, Kansas that it considers to be prospective for helium production.\n \nThe Durler and Leffert leases are located very close to M3 Helium's existing Bleumer and Enlow leases, around four miles from the Rost 1-26 and Rost 2-26 well sites, and were obtained for a modest cash consideration. Adding to M3 Helium's land holdings in Fort Dodge is consistent with the strategy set out in the Company's announcement of its fundraising on 30 April 2026, namely to accelerate the development of its production plans in Fort Dodge. As with the other leases, Mendell Helium believes that each of the Durler and Leffert leases could potentially accommodate two production wells.\n \nNick Tulloch, Chief Executive Officer of Mendell Helium and Chairman of M3 Helium, said: \"Since raising £5 million in an institution-led fundraise, we have moved quickly to put preparations in place for our forthcoming expansion of Fort Dodge. The Durler and Leffert leases are strategically located near M3 Helium's existing land holdings which, in time, may enable M3 Helium to achieve some cost savings in its development plans by combining production facilities and access to disposal wells.\"\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.\nENDS\n \nEngage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/link/PKa6Ve\n \nEnquiries:\n\n\n\n\nInvestor questions on this announcement\nWe encourage all investors to share questions\non this announcement via our investor website\n \n\n\nhttps://mendellhelium.com/s/a6a55a\n\n\n\n\nMendell Helium plc\nNick Tulloch, CEO\n \n\n\nVia our website\[email protected]\n\n\n\n\nCairn Financial Advisers LLP (AQSE Corporate Adviser)\nLudovico Lazzaretti / Liam Murray\n \n\n\nTel: +44 (0) 20 7213 0880\n\n\n\n\nSI Capital ...