Half Year Results for the Six Months to 31 December 2025
Quantum Helium Limited (AIM: QHE), announces its Half Year results for the six months to 31 December 2025.
Summary
The Company’s principal focus during the period was on advancing and de-risking its existing helium portfolio in the USA, including increasing its interest in the Sagebrush Project and delivering independent third-party validation of its resources. This resulted in (compared to same half year period in the 2025 Financial Year, “H125”):
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Revenue: $322,858 (HY:24 $64,542) |
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Gross loss: $394,493 (HY:24 $18,955) |
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Net loss: $1,557,571 (HY:24 $2,537,131) |
The Company’s cash and cash equivalents as at 31 December 2025 was $3,398,391.
All amounts are in Australian Dollars
Operational Review
· Continued strategic repositioning to a helium-focused US portfolio
· Company rebranded to Quantum Helium Limited, reflecting its strategic focus on helium exploration and development
· Completion of high-resolution 3D seismic acquisition at the Sagebrush Project
· Increase in working interest at Sagebrush to 90%, enhancing exposure to project upside
· Independent Sproule ERCE resource reports validates over 1 BCF of 2U gross helium prospective resources across Sagebrush and Coyote Wash
· Coyote Wash established as a material standalone helium project with 0.97 BCF 2U gross helium prospective resource
· Ongoing oil production from Sagebrush wells, with approximately 5,500 barrels gross produced between July and December 2025, generating US$259,744 gross revenue to help support helium exploration and development
· Significant progress towards Sagebrush-1 extended production test, with all long-lead items secured
· Successful capital raise of approximately £2.17 million (before expenses), strongly supported by both institutional and retail investors
· Strengthened Board and management team aligned with next phase of growth
Post-Period End
· BIA approval received for the Coyote Wash IMDA, unlocking the pathway to drilling and testing
· Formal BIA approval of the Sagebrush lease assignment, a major regulatory milestone
· All documentation for Sagebrush operatorship confirmed in good standing, with final designation expected shortly
· High-resolution 3D seismic interpretation confirms a large, well-defined structure at Sagebrush
· Company now fully prepared to commence extended production test at Sagebrush-1 upon operatorship approval
· Executive team site visit to Colorado, advancing technical alignment and stakeholder engagement
· Directors increased shareholdings, demonstrating continued confidence in the Company’s strategy and outlook
Carl Dumbrell, Executive Chairman of Quantum Helium, commented: “The six-month period to 31 December 2025 represents a transformational phase for Quantum Helium Limited. During this time, the Company repositioned its strategy, strengthened its Board and management team, and delivered a series of significant technical, operational and corporate milestones that have materially advanced our Colorado helium portfolio.
Key changes during the period included the formal the appointment of Howard McLaughlin as Chief Executive Officer in September 2025 alongside my transition to Executive Chairman and the appointment of Andrew Scott as Executive Director. These changes have strengthened both the technical and capital markets capabilities of the Company at a critical stage of its development.
Operationally, the Company made substantial progress across both Sagebrush and Coyote Wash. We completed a high-resolution 3D seismic acquisition programme at Sagebrush, increased our working interest to 90%, and received independent resource validation from Sproule ERCE across both projects. Notably, the Sproule report for Coyote Wash confirmed 2U gross helium prospective resources of 0.97 BCF, taking total independently verified helium resources across the portfolio to over 1 BCF.
In parallel, the Company progressed key regulatory milestones required to commence operations at Sagebrush, including completion of bonding requirements and continued engagement with the Bureau of Indian Affairs (“BIA”). We also successfully completed a capital raise during the period, ensuring the Company is well funded to advance its near-term objectives.
Post period end, the Company has continued to build strong momentum. The Irrevocable Letter of Credit has been approved by the BIA, 3D seismic interpretation has confirmed a large structure at Sagebrush we believe is helium-bearing, and approval of the Coyote Wash IMDA has been secured. Importantly, the Company has also received formal BIA approval for the assignment of the Sagebrush lease, representing a major regulatory milestone and clearing the way for the final step of operatorship designation.
The Company is now fully prepared to commence the extended production test at Sagebrush-1, with all long-lead items secured. Upon confirmation of operatorship, which is expected in the near term, the Company intends to move immediately into testing operations.
On behalf of the Board, I would like to thank our shareholders for their continued patience and support as we have worked through what has been a detailed but necessary regulatory process. We believe the Company is now exceptionally well positioned, and we expect the remainder of 2026 to be a significant and highly active period for Quantum as we move into testing, development and further value creation“.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (‘MAR’) which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon publication via Regulatory Information Service (‘RIS’), this information is now in the public domain
Enquiries:
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Quantum Helium Limited Carl Dumbrell Chairman |
