Business
Sagebrush Working Interest and Operational Update
Quantum Helium Limited has increased its working interest in the Sagebrush Helium Project to 90% by acquiring Jackal Oil Company's minority stake for US$85,000, consolidating ownership in a project with a drilled helium discovery well. The company is nearing completion of its Sagebrush 3D seismic acquisition, with initial processed results expected in January, and anticipates an independent resource report for the Coyote Wash Helium Project from Sproule ERCE within a week. Following positive engagement with the BIA and the cessation of the government shutdown, flow testing of Sagebrush-1 is slated to commence early in the New Year upon final approvals. Disclaimer*
About this update from Quantum Helium Limited
[{"type":"text","content":"\n\n\n \n11 December 2025\n \nQuantum Helium Limited\n(\"Quantum\" or the \"Company\")\n \n \nQuantum Increases Working Interest in Sagebrush Helium Project to 90%\nOperational Update\n \nQuantum Helium Limited (AIM: QHE), advancing helium, hydrogen and hydrocarbon projects in the USA, is pleased to announce that it has increased its working interest in the Sagebrush Helium Project from 82.5% to 90% following the acquisition of Jackal Oil Company's minority interest. The Company is also pleased to report on progress across its helium portfolio in Colorado.\n \nHighlights\n· Quantum increases its working interest in the Sagebrush Helium Project from 82.5% to 90%\n· Sagebrush 3D seismic acquisition now in its final stages, with initial processed results expected in January.\n· Sproule ERCE independent resource report for Coyote Wash expected within a week, following completion of technical assessment.\n· Positive engagement with the BIA following cessation of government shutdown, with flow testing of Sagebrush-1 expected to commence early in the New Year upon receipt of final approvals.\nIncrease in Working Interest at Sagebrush\nThe Company has increased its working interest in the Sagebrush Helium Project in Colorado from 82.5% to 90% through the acquisition of Jackal Oil Company's minority interest. The remaining 10% working interest is owned by Quantum's Chief Executive, Howard McLaughlin and is not carried.\nThe interest was acquired for a cash consideration of US$85,000. Jackal elected to streamline its portfolio through a clean exit, and both parties agreed terms that facilitated a straightforward restructuring of ownership. The Board regards this as a highly favourable outcome for Quantum, consolidating ownership in a project where the Company already holds a drilled and cased helium discovery well that is being advanced towards production testing.\nThis transaction further strengthens Quantum's strategic position at Sagebrush as the Company enters a pivotal phase of operational activity.\nThere are no profits or losses attributable to the working interest being acquired.\nSagebrush 3D Seismic Survey\nThe high-resolution 3D seismic acquisition programme at Sagebrush is now in...