Operatorship Approved for Sagebrush
Mobilisation for Extended Production Test to Commence After Easter
Quantum Helium Limited (AIM: QHE) has secured approval from the Bureau of Indian Affairs to assume operatorship of the Sagebrush Project in Colorado, marking a key regulatory milestone that enables the company to take full operational control of the asset.
Following this approval, mobilisation for an extended production test at the Sagebrush-1 well is expected to begin shortly after Easter. The test is designed to confirm commercial deliverability and could facilitate the conversion of more than 1 billion cubic feet (Bcf) of independently assessed prospective helium resources into reserves, a critical step toward monetisation.
The update comes against a supportive helium market backdrop, where supply security concerns continue to underpin pricing and demand dynamics. Quantum’s position is further strengthened by its existing oil production, which generated over US$600,000 in gross revenue during 2025, providing a degree of cash flow support as the company advances its helium-focused strategy.
Highlights
· Notification received of approval of operatorship for the Sagebrush Project by the BIA
· Final regulatory step completed, enabling Quantum to take operational control
· Mobilisation for extended production test at Sagebrush-1 to commence post-Easter
· Over 1 Bcf of independently assessed prospective helium resources across Sagebrush and Coyote Wash
· Strong market backdrop with increasing global focus on helium supply security
Howard McLaughlin, Chief Executive Officer of Quantum Helium, said: “This is a major milestone for Quantum and reflects a significant amount of work by the team to advance Sagebrush through the regulatory framework.
We would also like to thank the Ute Mountain Ute Tribe for their continued support and engagement throughout, which has been invaluable in reaching this point, and we are grateful to our shareholders for their patience throughout what has been a detailed approval phase.
Receiving notification of operatorship approval marks a key step forward for the Company, allowing us to move into the next phase of activity, with mobilisation for the extended production test scheduled to commence shortly after the Easter break. Sagebrush-1 has already demonstrated the presence of helium, and this next stage is focused on confirming its commercial potential and advancing our resources towards reserves.
With increasing global focus on helium supply security, particularly in the United States, we believe Sagebrush is strongly positioned as we enter this important and exciting phase of operations.”
