Mendell Helium plc is preparing to join the AIM market after publishing its Schedule One announcement, with trading expected to commence during the week beginning 15 June 2026.
As part of the transition, the company intends to cancel the trading of its ordinary shares on the Aquis Stock Exchange Growth Market later in June, consolidating its public market presence on AIM.
The move comes as Mendell advances its helium production strategy in Kansas, where one of its wells has returned a helium concentration of 5.1%, significantly above levels typically considered commercially attractive. A drill stem test delivered flow rates of approximately 2,900 Mcf per day, while more recent production testing achieved around 250 Mcf per day.
At current assumptions of US$300 per Mcf, the latest flow rates indicate potential annual helium revenues of approximately US$1.4 million from the well.
Alongside its helium operations, Mendell is pursuing a diversified strategy that includes the development of a Bitcoin mining business. The company has also stated its intention to allocate surplus cash reserves into bitcoin, providing investors with exposure to both helium production and digital assets.
Management believes the AIM listing will provide improved access to capital markets as the company progresses its helium development programme and broader growth strategy.
ENDS
Engage 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
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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