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Blencowe Resources #BRES – Exercise of Share Options
Blencowe Resources Plc (LSE: BRES) announces that Executive Chairman Cameron Pearce has exercised share options in the Company.
The share options were issued on 16 December 2021, with a 6p exercise price and a term of five years to maturity. Cameron Pearce was issued 1,500,000 options respectively and is exercising 1,000,000 at 6p, resulting in proceeds of approximately £60,000 for the Company.
|
Director |
Share Options Granted |
Exercise Cost at 6p |
Current Holdings |
Holdings on Admission* |
% Holdings on Admission |
|
Cameron Pearce |
1,000,000 |
£60,000 |
16,516,667 |
17,516,667 |
3.40 |
Admission and Total Voting Rights
An application has been made for 1,000,000 new ordinary shares to be admitted to trading on the Equity Shares (Transition) category of the official list and the main market of the London Stock Exchange from 8.00 a.m. on 10 September 2026 (“Admission”).
In accordance with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, the Company’s enlarged issued ordinary share capital will comprise 501,276,099 ordinary shares. The Company does not hold any ordinary shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA’s Disclosure Guidance and Transparency Rules.
Cadence Minerals #KDNC – Azteca Refurbishment Complete. Mechanical completion achieved; commissioning scheduled next week
Cadence Minerals plc (AIM: KDNC) announces that refurbishment of the Azteca processing plant at the Amapá Iron Ore Project is complete, with mechanical completion achieved on 3 September 2026. The plant now moves into commissioning. Commercial operations and shipments remain subject to successful commissioning and receipt of the operating licence (Licença de Operação) for Azteca (the “Operating Licence”).
Highlights
- Mechanical completion achieved: Refurbishment finished on 3 September 2026. All eight plant systems are complete.
- Execution delivered: Azteca advanced from approximately 48% completion on 2 July 2026 to mechanical completion on 3 September 2026.
- Commissioning next: Cold commissioning is scheduled to start next week. Wet commissioning will follow, with hot commissioning subject to completion of the applicable regulatory requirements.
- Safe delivery: No safety incidents were recorded during the reporting period.
- Remaining gates clear: Commercial operations and shipments remain subject to successful commissioning and grant of the Operating Licence.
Kiran Morzaria, Chief Executive Officer, commented: “Mechanical completion closes the refurbishment phase. The next job is to prove the plant through commissioning.
We will progress sequentially through cold, wet and hot commissioning, identifying and resolving issues as they arise. Commercial operations and shipments remain dependent on successful commissioning and grant of the Operating Licence.
Azteca is intended to establish the first production and cash-flow platform at Amapá. Successful delivery would move the project from refurbishment into operations and support the wider redevelopment strategy.”
Execution Update
All eight plant systems are complete: the hopper/feed system, transfer conveyor, screen, process tank, magnetic-separation circuit, piping, spiral concentrator and electrical system. The Company recorded no safety incidents during the reporting period.
Regulatory Position
The previously granted installation licence (Licença de Instalação) (the “Installation Licence”) authorised the refurbishment and installation works now completed at Azteca. DEV has submitted its application for the Operating Licence to SEMA/AP.
DEV is permitted to undertake cold and wet commissioning. Hot commissioning remains subject to completion of the applicable regulatory requirements.
Grant of the Operating Licence remains required before commercial operations and shipments can commence.
Next Steps
Cold commissioning is scheduled to start next week. The completed equipment, electrical distribution and control systems will be tested without ore. Completion of this stage will allow the programme to move into wet commissioning.
Wet commissioning will introduce process water and trial material through the wet circuit. Following completion of this stage, hot commissioning will commence once the applicable regulatory requirements have been completed.
Hot commissioning will involve limited processing of run-of-mine material to tune plant grade and recovery. Any concentrate produced during this stage will be stockpiled. Commercial operations and shipments will remain subject to successful completion of commissioning and grant of the Operating Licence.
Cadence Ownership
As of 31 May 2026, Cadence’s total investment in the Amapá Project was approximately US$16.1 million. Cadence holds a 36.2% equity interest in Pedra Branca Alliance Pte Ltd (“PBA”), which owns 100% of DEV Mineração S.A. (“DEV”), the owner and operator of the Amapá Project.
About the Amapá Project
The Amapá DR Iron Ore Project is a fully integrated iron ore operation in Brazil with established mine, rail, port and beneficiation infrastructure. The Project hosts a JORC-compliant Mineral Resource of 276 million tonnes at 38% Fe and a Proven and Probable Ore Reserve of 195.8 million tonnes at 39.34% Fe.
An updated Pre-Feasibility Study published on 3 December 2024 confirmed the potential to produce 67.5% Fe direct reduction grade concentrate at 5.5 Mtpa, with a post-tax NPV (10%) of US$1.97 billion over a 15-year mine life.
As part of a staged redevelopment strategy, Azteca is intended to be recommissioned as the initial production facility, targeting approximately 380,000 tonnes per annum of approximately 65% Fe concentrate from existing tailings. This initial production is intended to generate early cash flow to support ongoing operations and the broader development of the Project, subject to successful commissioning, completion of related regulatory workstreams and receipt of the Operating Licence.
For further information, contact;
| Cadence Minerals plc | +44 (0) 20 3582 6636 | |
| Andrew Suckling | ||
| Kiran Morzaria | ||
| Zeus (NOMAD & Broker) | +44 (0) 20 3829 5000 | |
| James Joyce | ||
| Darshan Patel
Matthew Diaz-Rainey |
||
| Fortified Securities – Joint Broker | +44 (0) 20 3411 7773 | |
| Guy Wheatley | ||
| Public & Investor Relations – Brand Communications | +44 (0) 7976 431608 | |
| Alan Green | ||
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
Cautionary and Forward-Looking Statements
This announcement contains forward-looking statements. Such statements are based on the current expectations, assumptions and beliefs of the Directors and are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance and may often be identified by words such as “believe”, “expect”, “intend”, “may”, “plan”, “should”, “will”, “could” and similar expressions. Actual results may differ materially from those expressed or implied by such statements due to a range of factors, many of which are outside the control of the Company, including changes in economic conditions, market conditions, regulatory developments, the actions of governmental authorities, the availability of funding and other risks affecting the Company’s operations. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement. Except as required by law or applicable regulation, the Company undertakes no obligation to update or revise any forward-looking statements.
Cavendish – Blencowe Resources #BRES Hypersonic rocket test further broadens hi-value pathway
Blencowe Resources reported further successful testing of graphite from its 100%-owned Orom-Cross project in Uganda, with material successfully incorporated into multiple critical components of a Pluto Aerospace hypersonic rocket, including an advanced ablative nozzle insert, performance-enhancing anti-friction and ice-phobic coatings applied to the fins, and a lithium-ion battery (LiB) powering its altimeter.
In the 18 August test, attended by US government agencies, the rocket achieved a speed of Mach 5.5 and acceleration approaching 150G, representing a substantial improvement on the previous test programme undertaken in April. Each rocket component containing Orom-Cross graphite successfully performed its intended function.
In our view, this result provides further evidence that Orom-Cross is one of the few graphite projects capable of supplying products of the quality required for demanding specialist, high value applications.
Price target 47.9p, implying 488% upside from current levels
Brand Communications Monthly Highlights Newsletter August 2026
Brand Communications Monthly Highlights Newsletter August 2026:
✅ Key announcements from #GDH #QHE #ECR #KDNC #BRES #FCM #GRX #URU #SVML #AYM #MDH #SCSP #FDR
✅ Broker notes from Zeus, Cavendish, OAK Securities
✅ @StockBoxMedia Research Talks August 3rd, 9th, 23rd & 30th covering #KDNC #AYT #OHGR #CGNR #NNL #MDH #EV1 #TRI #PALM #GDH #CMO #ZOO #BRES #DGQ #VVV #BUX
Read: https://mailchi.mp/branduk/brand-communications-highlights-newsletter-august-2026
Stockbox podcast with Alan Green, Mark Fairbairn and Dan Flynn covering #BRES, #DGQ, #VVV & #BUX
Stockbox podcast with Alan Green, Mark Fairbairn and Dan Flynn covers:
- Blencowe Resources #BRES
- Delta Gold Technologies #DGQ
- VVV Sports #VVV
- Buxton Resources #BUX
Cadence Minerals #KDNC – Azteca Refurbishment Update
Refurbishment 97% complete and ahead of plan as of 22 August; Operating Licence application submitted
Cadence Minerals plc (AIM: KDNC) announces that, as of 22 August 2026, refurbishment of the Azteca processing plant at the Amapá Iron Ore Project had reached 97% weighted physical completion, compared with 95% planned and 87% reported on 10 August 2026. The Company continues to target completion of the refurbishment works by 31 August 2026. In parallel, DEV Mineração S.A. (“DEV”), the Brazilian operating company for the Amapá Project, has formally submitted its application for the operating licence (Licença de Operação) for the Azteca plant (the “Operating Licence”) to the Amapá State Environmental Secretariat (“SEMA/AP”).
Once the refurbishment is complete the plant is intended to progress into integrated commissioning. Commercial operations and shipments remain subject to successful commissioning and receipt of the Operating Licence.
Highlights
- Ten-point advance: As of 22 August 2026, weighted physical completion was 97%, compared with 95% planned and 87% reported on 10 August 2026.
- Critical path moves ahead: Electrical installation advanced from approximately 69% to 95%. The principal execution constraint identified in the previous update is now ahead of schedule.
- Core processing systems delivered: The hopper/feed system, transfer conveyor, screen and process tank are complete. Magnetic separation and piping are approximately 99% and 98% complete, respectively.
- Final close-out underway: The remaining work is concentrated in technical handovers, spiral concentrator completion, electrical panels and final equipment connections.
- Commissioning next: The programme continues to target completion of the refurbishment works by 31 August 2026 before progressing into integrated commissioning.
- Operating Licence: DEV Mineração has submitted its application for the Azteca operating licence to SEMA/AP.
Kiran Morzaria, Chief Executive Officer, commented: “Execution is what matters. Azteca moved from 48% to 77%, then to 87%, and reached 97% by 22 August.
Electrical installation was the principal execution focus. It has advanced to 95%, moving from behind the mechanical workstreams to ahead of plan.
At that reporting date, the remaining work was defined: close the technical handovers, complete the spiral concentrator and electrical panels, connect the equipment and move into commissioning.
Our focus is clear: complete the refurbishment against the 31 August target and maintain execution discipline through commissioning. Successful commissioning and the Operating Licence remain the gateways to commercial operations and the first operating platform at Amapá.”
Execution Update
As of 22 August 2026, the refurbishment programme was 97% complete against 95% planned. This represented a ten-percentage-point advance from the 87% reported on 10 August 2026
At that reporting date, 58 of the 64 identified activities had been completed. The remaining six are in progress.
The hopper/feed system, transfer conveyor, screen and process tank are complete. Magnetic separation has reached approximately 99% completion and piping approximately 98%. The spiral concentrator has reached approximately 85% completion, compared with approximately 78% planned.
Electrical installation advanced from approximately 69% to 95%, compared with approximately 87% planned. Electrical works were the principal execution focus on the previous update. That workstream is ahead of plan.
The remaining work is specific. Three of the six outstanding activities are close-out items: the magnetic separation technical handover, the water piping technical handover and the remaining electrical panel activity. The balance comprises completion of the spiral concentrator and the final equipment connections. Management is focused on closing these items, completing the spiral concentrator and executing the final equipment connections.
The Company recorded no lost time injuries or reportable safety incidents during the reporting period.
Operating Licence Workstreams
The previously granted installation licence (Licença de Instalação) (the “Installation Licence”) authorises the approved refurbishment and installation works at Azteca.
DEV has formally submitted its application for the Operating Licence to SEMA/AP. The application is now subject to technical review, which may include requests for additional information and a site inspection. Grant of the Operating Licence remains required before commercial operations and shipments can commence.
Next Milestones
Management’s immediate priority is to close the remaining technical handovers, complete the spiral concentrator and electrical panels and execute the final equipment connections. The programme continues to target 31 August 2026 for completion of the refurbishment works.
The next execution phase is integrated commissioning. This will test the completed systems together and establish whether the plant is ready to progress towards commercial operations. Commercial operations and shipments remain subject to successful commissioning, completion of the related regulatory workstreams and receipt of the Operating Licence.
Cadence Ownership
As of 31 May 2026, Cadence’s total investment in the Amapá Project was approximately US$16.1 million. Cadence holds a 36.2% equity interest in Pedra Branca Alliance Pte Ltd (“PBA”), which owns 100% of DEV Mineração S.A. (“DEV”), the owner and operator of the Amapá Project.
About the Amapá Project
The Amapá DR Iron Ore Project is a fully integrated iron ore operation in Brazil with established mine, rail, port and beneficiation infrastructure. The Project hosts a JORC-compliant Mineral Resource of 276 million tonnes at 38% Fe and a Proven and Probable Ore Reserve of 195.8 million tonnes at 39.34% Fe.
An updated Pre-Feasibility Study published on 3 December 2024 confirmed the potential to produce 67.5% Fe direct reduction (“DR“) grade concentrate at 5.5 Mtpa, with a post-tax NPV (10%) of US$1.97 billion over a 15-year mine life.
As part of a staged redevelopment strategy, Azteca is intended to be recommissioned as the initial production facility, targeting approximately 380,000 tonnes per annum of approximately 65% Fe concentrate from existing tailings. This initial production is intended to generate early cash flow to support ongoing operations and the broader development of the Project, subject to successful commissioning, completion of related regulatory workstreams and receipt of the Operating Licence.
| For further information, contact:
|
||
| Cadence Minerals plc | +44 (0) 20 3582 6636 | |
| Andrew Suckling | ||
| Kiran Morzaria | ||
| Zeus (NOMAD & Broker) | +44 (0) 20 3829 5000 | |
| James Joyce | ||
| Darshan Patel
Chris Wardley |
||
| Fortified Securities – Joint Broker | +44 (0) 20 3411 7773 | |
| Guy Wheatley | ||
| Public & Investor Relations – Brand Communications | +44 (0) 7976 431608 | |
| Alan Green | ||
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
Cautionary and Forward-Looking Statements
This announcement contains forward-looking statements. Such statements are based on the current expectations, assumptions and beliefs of the Directors and are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance and may often be identified by words such as “believe”, “expect”, “intend”, “may”, “plan”, “should”, “will”, “could” and similar expressions. Actual results may differ materially from those expressed or implied by such statements due to a range of factors, many of which are outside the control of the Company, including changes in economic conditions, market conditions, regulatory developments, the actions of governmental authorities, the availability of funding and other risks affecting the Company’s operations. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement. Except as required by law or applicable regulation, the Company undertakes no obligation to update or revise any forward-looking statements
Seed Capital Solutions #SCSP – Notice of GM. Form of Proxy
Seed Capital Solutions plc announces that as a direct result of the aborted acquisition of 4D Medica SA (“4DM”) (“Transaction”), the Company requires new funding by way of the issuance of new ordinary shares in the Company (“Shares”).
The Company does not however, currently have the authority to issue sufficient Shares to satisfy its short-term working capital requirements and settle its professional creditors incurred in respect of the Transaction.
Notice is given that a General Meeting (“GM”) of the members of the Company will be held at the office of Axis Capital Markets Ltd, 73 Watling St, London, EC4M 9BJ at 1000 hrs (BST) on 17 September 2026. The purpose of the GM is to seek approval by shareholders of the authorities required to enable the Company to raise the necessary funding.
Background
As previously announced, the Company had accrued adviser costs in respect of the proposed acquisition of 4DM which was terminated on 10 July 2026 and which the Company had expected to be settled from an associated fundraising.
The Company has agreed to settle up to £125,000 of these professional creditors through an issue of new ordinary shares, and a further £50,000 in cash (“Creditor Settlement”).
The Board is therefore convening a shareholder GM to seek approval for the authorities necessary to issue the new Shares to creditors and to undertake an equity fundraising.
Subject to shareholder approval, the Board intends to raise sufficient capital to enable the Company to satisfy its ongoing obligations, estimated to be no more than £85,000 for the next 12 months, settle certain professional liabilities as above and to provide some initial capital to pursue suitable acquisition and investment opportunities (“Fundraising”).
The Company’s broker has indicated its support for the Fundraising, subject to the relevant shareholder approvals being obtained.
Resolutions
The Resolutions to be proposed at the GM are therefore as follows:
Resolution 1 is an ordinary resolution which seeks to authorise the Directors, pursuant to section 551 of the Companies Act 2006, to allot shares and other relevant securities up to the limits set out in the Notice of General Meeting.
Resolution 2 is a special resolution which seeks to permit the Directors, within the limits set out in the Notice of GM, to allot equity securities for cash without first offering those securities to existing shareholders in proportion to their existing holdings. The Directors consider this authority necessary to provide the flexibility required to undertake the proposed fundraising and address the Company’s immediate funding requirements.
Suspension
On completion of the Creditor Settlement and Fundraising following the GM, the Company will subsequently make a request to the FCA to lift the temporary suspension of its listing on the Official List of the FCA of its shares.
Financial Results calendar
As previously announced, following the change of the accounting reference date from 30 June to 31 December, as announced on 29 June 2026, in accordance with UKLR6.4.16 the Company will prepare and publish a second interim report in respect of the six-months ending 30 June 2026, to be published on or before 30 September 2026.
Form of Proxy
A copy of the Notice of GM and Form of Proxy is being posted to Shareholders today and is available on the Company’s website at https://seedcapitalsolutionsplc.com/wp-content/uploads/2026/08/260825-SCS-GM-Notice-FINAL.pdf
ENDS
FOR FURTHER INFORMATION, PLEASE CONTACT:
Seed Capital Solutions plc
Chairman Damion Greef
Website: https://seedcapitalsolutionsplc.com/ Tel: +44 (0)1535 647 479
Brand Communications
Public & Investor Relations
Alan Green Tel: +44 (0) 7976 431608
ABOUT SEED CAPITAL SOLUTIONS PLC
Seed Capital Solutions Plc (LON: SCSP) has been formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite
Quantum Helium #QHE – Sagebrush Engineering Update and Colorado Drilling Opportunities
Quantum Helium Limited (AIM: QHE) is pleased to provide an update on engineering work at its Sagebrush Project (90% Working Interest) and on additional drilling opportunities across its Colorado portfolio.
Following the initial Sagebrush-1 Extended Production Test (“EPT”) completed earlier this year, the Company is finalising an engineering assessment to define the next phase of testing, stimulation and field development.
The EPT confirmed helium-bearing gas at approximately 2.5%, strong reservoir connectivity and rapid pressure recovery. It also identified commercial oil in the Leadville Formation.
Quantum expects the next programme to use a more extensive stimulation treatment to increase contact with the natural fracture network and improved sustained flow rates from which to base development planning. Final recommendations are expected shortly.
In parallel, permitting and drill planning are advancing across five additional opportunities across the Company’s Sagebrush and Coyote Wash (100% Working Interest) projects.
Highlights
- Engineering assessment nearing completion; the next Sagebrush-1 programme is expected to include further testing and a larger stimulation treatment
- EPT confirmed approximately 2.5% helium, strong reservoir connectivity, rapid pressure recovery and commercial Leadville oil
- Larger stimulation treatment intended to increase fracture-network contact and improve flow rates
- Permit applications being prepared for the near-term Little Ute SE and Yellow Jacket SE oil targets in the Sagebrush project area
- Three larger follow-on prospects have also been identified: Mariano Wash SE and Sagebrush East within Quantum’s existing project areas, and Lula within adjacent acreage for which an application is being prepared for submission to the Tribe.
Sagebrush Reservoir Optimisation
The initial EPT was designed to characterise the Leadville reservoir and guide future development. It confirmed helium-bearing gas at approximately 2.5%, consistent with historic results from Sagebrush-1.
After the initial acid stimulation, reservoir pressure recovered rapidly to more than 70% of estimated virgin pressure within four days, with analysis indicating that recovery could exceed 90% with additional build-up time. The response demonstrated strong connectivity with the reservoir’s natural fracture network and provides an encouraging technical basis for further optimisation. While consistent flow rates were not established during the initial programme, due in part to liquids build-up, the results are informing the design of the next stimulation and testing programme aimed at improving reservoir contact and sustained flow performance.
The test also identified commercial oil within the Leadville Formation, adding a potential development opportunity alongside helium.
Engineering and Reservoir Optimisation
The engineering and reservoir optimisation assessment combines EPT results with seismic, geological, reservoir and historic well data. It is evaluating a larger stimulation and testing programme designed to increase fracture-network contact and improve gas and oil productivity.
The assessment will define:
- the stimulation and test design;
- the likely effect of increased reservoir contact on gas and oil productivity;
- reservoir drainage, well spacing and any need for additional development wells;
- production and surface facility requirements; and
- the pathway to commercial helium production and integrated oil development.
Final recommendations are expected shortly and will determine the scope of the next Sagebrush-1 programme which will be funded from the Company’s existing cash resources. Shareholders will be updated when the programme is finalised.
Building the Next Generation of Drilling Opportunities
Technical evaluation has identified five new drilling opportunities across and adjacent to Quantum’s Colorado acreage: two near-term oil targets and three larger helium and oil prospects.
Permit applications are being prepared for the two most advanced Ismay targets: Little Ute SE and Yellow Jacket SE.
Little Ute SE (within existing Sagebrush acreage)
The Company’s integrated technical evaluation, incorporating seismic interpretation and other geological and subsurface workstreams, has identified an interpreted extension of the Upper and Lower Ismay reservoirs.
Yellow Jacket SE (within existing Sagebrush acreage)
Interpretation of the Company’s seismic and wider subsurface dataset supports an extension of the productive Upper Ismay trend.
Figure 1. Sagebrush acreage shown in green, Coyote Wash acreage shown in yellow, including the two lowest-risk candidates.
Three larger follow-on opportunities have also been identified:
Mariano Wash SE (within existing Coyote Wash acreage)
Integrated seismic and geological interpretation has identified a Lower Ismay oil target at Mariano Wash, with a secondary Upper Ismay objective interpreted as an extension of existing production.
Lula (adjacent to Sagebrush acreage)
A dip-closed Mississippian helium and oil prospect extending towards basement. Technical interpretation indicates a potential multi-Bcf gas accumulation with helium concentrations of approximately 1-2% or more; Sagebrush-1 results also indicate possible oil charge.
Sagebrush East (within existing Sagebrush acreage)
A higher-impact Mississippian helium and oil prospect associated with the wider Sagebrush-1 structure and under continued technical evaluation.
Figure 2. Near-term field extensions and larger helium prospects.
An updated investor presentation covering the Colorado portfolio is being finalised and will be published on the Company’s website.
Additional Acreage
Quantum is in the process of preparing to submit applications for additional acreage around its existing projects. If successful, the applications would increase exposure to geological trends identified through recent technical work. Further details will be provided as the applications progress.
Colorado Growth Strategy
Quantum aims to build a multi-field helium and oil business in Colorado. It holds independently assessed gross 2U helium resources of 1.104 Bcf at Sagebrush and Coyote Wash, alongside existing oil production and newly identified Leadville oil potential.
The Sagebrush programme, Coyote Wash, five additional drilling opportunities and possible acreage expansion provide a multi-year pipeline of exploration, appraisal and development activity.
Quantum’s immediate priorities are to complete the Sagebrush engineering and optimisation assessment and recommended next phase, advance permitting and infill drill planning, and assess opportunities to expand its acreage and production base.
OTC Markets Update
Quantum has now provided all requested documentation in connection with its proposed OTC Markets listing in the United States, with the application confirmed to be in good standing and the review process nearing completion. The Company expects to receive further confirmation shortly regarding the anticipated listing date and will update shareholders as the process progresses.
Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: “Our work at Sagebrush continues to strengthen our confidence in the project. The initial programme confirmed helium at approximately 2.5%, strong reservoir connectivity and rapid pressure recovery, while also identifying commercial oil within the Leadville Formation.
The engineering and optimisation assessment is now shaping a more extensive stimulation and testing programme designed to increase reservoir contact, improve Sagebrush-1 flow performance and provide the technical foundation for the next stage of commercial development
At the same time, we are advancing permitting for the lower-risk Little Ute SE and Yellow Jacket SE oil targets, while Mariano Wash SE, Lula and Sagebrush East provide further significant helium and oil growth opportunities. We are not only progressing Sagebrush towards its next phase, but also building a broader Colorado drilling pipeline with the potential to support a multi-field helium and oil business.”
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:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 Joint Broker OAK Securities Jerry Keen / Robert Bell Tel: +44 (0) 203 973 3678 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) explores, develops and produces helium, hydrogen and hydrocarbons, with projects in the United States and Australia. The Company targets opportunities that can generate operating cash flow and offer development upside while continuing exploration. Its portfolio includes several US projects and Australian royalty interests
Penina Investments (Gledhow Investments Plc #GDH) Presentation
The Penina Investments (Gledhow Investments Plc #GDH) Presentation can be found at the link below: