Half-year Report

Summary by AI BETAClose X

Mendell Helium plc reported a retained loss of £505,000 for the six months ended 30 September 2025, with administrative expenses reduced by 3.5% to £550,000. Post-period, M3 Helium's Rost 1-26 well is producing helium in commercial quantities, with a December 2025 flow rate of 250 Mcf per day, valued at approximately $1.4 million annually. The company is in advanced discussions with US investors for a new production well and has an agreement in principle to recomplete a disused well. Mendell Helium's option to acquire M3 Helium has been extended to 28 February 2026.

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