{"id":135302,"title":"Mendell Helium plc has secured £5 million in fresh capital","publisher":"Share Talk","author":"sharetalk","published":"2026-04-30T06:20:22+00:00","modified":"2026-04-30T06:20:22+00:00","canonical_url":"https://www.share-talk.com/mendell-helium-plc-has-secured-5-million-in-fresh-capital/","markdown_url":"https://www.share-talk.com/mendell-helium-plc-has-secured-5-million-in-fresh-capital.md","json_url":"https://www.share-talk.com/mendell-helium-plc-has-secured-5-million-in-fresh-capital.json","category":"Energy","categories":["Energy"],"tags":["Carter 2","Dodge City","Exxon","Garden City","Haskell County","Helium","Hugoton gas field","Kansas","M3 Helium","MDH","Mendell Helium","Mendell Helium plc","methane","Mike Whitlow","natural gas liquids","Nick Tulloch","nitrogen","Paul Mandel","Scout Energy Partners","south-west Kansas","USA","VOY","Voyager Life","western Kansas","Wyatt Earp"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/04/MDH-with_heading_4.webp?fit=1200%2C675&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Mendell Helium plc](https://www.investegate.co.uk/announcement/rns/mendell-helium-plc--mdh/placing-and-subscription-to-raise-5-million/9545342)has secured £5 million in fresh capital through a placing and subscription of 125 million new shares at 4p each, strengthening its balance sheet as it advances its US expansion strategy.\n\nIn parallel, the company has exercised its option to acquire M3 Helium Corp., with the transaction subject to shareholder approval.\n\nThe newly raised funds will be deployed to accelerate development at the Fort Dodge project, including the drilling of four additional wells and the construction of a second helium purification plant, both targeted for 2026. The asset is estimated to contain prospective helium resources ranging from 2.12 billion cubic feet (P90) to 9.78 billion cubic feet (P10), indicating significant upside potential.\n\n**Highlights**\n\n·    Fundraise to raise £5,000,000 at 4 pence per New Ordinary Share\n\n·    Acceleration of Fort Dodge development plans\n\n·    Completion operations on Rost 2-26 are taking place this week\n\n·    Re-completion operations on Schneweis Ventures 13 commencing in May 2026\n\n·    Plans to drill a further four new wells in Fort Dodge and construct a second helium purification plant during 2026\n\n·    CPR estimates Fort Dodge prospective resource of:\n\no  P90: 2.12 Bcf of helium (US$636 million at $300/Mcf helium)*\n\no  P50: 5.34 Bcf of helium (US$1.6 billion at $300/Mcf helium)*\n\no  P10: 9.78 Bcf of helium (US$2.9 billion at $300/Mcf helium)*\n\n·    Potential to commence dividend payments in 2027, subject to successful and commercial execution\n\n·    Certain employees and consultants to Mendell Helium and M3 Helium intend to participate in the Fundraise via the subscription\n\nLooking ahead, Mendell Helium has signalled an intention to initiate dividend payments from 2027, contingent on successful project execution and cash flow generation. The company has also received notice of warrant exercises, generating a further £25,000 in cash.\n\nOverall, the update reflects a transition toward scaled development and potential future cash returns, supported by a strengthened funding position."}