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#GDH Gledhow Investments PLC – Total Voting Rights
In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, Gledhow has 169,684,984 Ordinary Shares of £0.01 each in issue, each carrying the right to one vote.
The Company holds no Ordinary Shares in treasury.
Accordingly, the figure of 169,684,984 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information please contact:
Gledhow Investments plc
Guy Miller
+44 (0) 20 7220 9795
#MDH Mendell Helium PLC – Exercise of Convertible Loan Notes
Mendell Helium (LON: MDH), the helium production company with operations in Kansas, announces that it has received notice to exercise convertible loan notes (“Conversion”) over 9,799,999 new ordinary shares at an exercise price of 3 pence per share (“New Ordinary Shares”), generating cash proceeds for the Company of £280,000.
The New Ordinary Shares issued also reflect the 5% fee due on Conversion (which is itself payable through the issue of New Ordinary Shares). Following Conversion, the Company has no further convertible loan notes outstanding.
The convertible loan notes were issued in December 2025 as part of a fundraising at that time.
Admission
Application has been made for 9,799,999 New Ordinary Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 28 August 2026. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 354,836,937 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 354,836,937. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson
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Tel: +44 (0) 1483 413500 |
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
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Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
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Overview of Mendell Helium
Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium.
M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi. Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).
M3 Helium has subsequently drilled and completed a second well, Rost 2-26, which is currently being de-watered. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day.
At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.
#MDH Mendell Helium PLC – Warrant Extension, Director Shareholding & RPT
Mendell Helium (LON: MDH) provides the following update on certain of its outstanding warrants.
Warrants Extension
The Company announces that it has agreed to renew the period within which the 4p 2025 Warrants (defined below) may be exercised by an additional six months expiring on 26 December 2026. If the 4p 2025 Warrants have not been exercised by 26 December 2026, the 4p 2025 Warrants will lapse. As part of this renewal, the Company has also made it a term of the 4p 2025 Warrants that they must be exercised into new Ordinary Shares in the event that the closing mid market price of an Ordinary Share is above 7 pence for a period of ten trading days. The terms of the 6p 2025 Warrants (defined below) Warrants have not been amended.
The Company announces that it has also agreed to renew the period within which the 6p 2024 Warrants (defined below) and Broker Warrants (defined below) may be exercised by an additional approximately five months to also expire on 26 December 2026. If the 6p 2024 Warrants and Broker Warrants have not been exercised by 26 December 2026, the 6p 2024 Warrants and Broker Warrants will lapse.
In aggregate, the Company has extended the exercise period for 25,955,553 warrants, all of which will expire on 26 December 2026.
Nick Tulloch, CEO, and Eric Boyle, Chairman, hold 1,735,283 and 416,666 6p 2024 Warrants respectively and, accordingly, excused themselves from the Board’s decision in respect of the 6p 2024 Warrants.
Related Party Transaction
The participation of Nick Tulloch and Eric Boyle in the 6p 2024 Warrants extension is a “related party transaction” for the purposes of Rule 13 of the AIM Rules (the “Transaction”). Paul Mendell and John Brown, being directors of the Company independent of the Transaction, having consulted with the Company’s nominated adviser, Cairn Financial Advisers LLP, consider that the terms of the Transaction are fair and reasonable in so far as the Company’s shareholders are concerned.
Background
On 23 June 2025, the Company announced a £515,000 gross fundraise through a subscription (the “Subscription”) for ordinary shares of 1p each (“Ordinary Shares”). For every two new Ordinary Shares issued pursuant to the Subscription, investors received one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 4 pence per Ordinary Share, exercisable within one year of Admission (“4p 2025 Warrants”) and one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 6 pence per Ordinary Share, exercisable within three years of Admission (“6p 2025 Warrants”). There are 10,647,750 4p 2025 Warrants outstanding representing 3.1% of the Company’s issued share capital which expired on 26 June 2026. There are 13,522,750 6p 2025 Warrants outstanding and the terms of these warrants have not been amended.
On 27 June 2024, the Company announced a £864,468 gross fundraise through a subscription (the “2024 Subscription”) for Ordinary Shares. For every two new Ordinary Shares issued pursuant to the 2024 Subscription, investors received one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 6 pence per Ordinary Share, exercisable within two years of Admission (“6p 2024 Warrants”). The Company also issued 900,000 warrants to the brokers who facilitated this fundraising (“Broker Warrants”). The Broker Warrants allow the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 3 pence per Ordinary Share, exercisable within two years of Admission. There are 14,407,803 6p 2024 Warrants and 900,000 Broker Warrants outstanding representing, in aggregate, 4.5% of the Company’s issued share capital which expired on 19 July 2026.
The Company’s fundraising that was announced on 30 April 2026 (the “April 2026 Fundraising”) limited the ability for certain investors to exercise their 4p 2025 Warrants, 6p 2024 Warrants and Broker Warrants.
As at the date of this announcement, there are 108,533,799 warrants over new Ordinary Shares outstanding in the Company.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
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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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson
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Tel: +44 (0) 1483 413500 |
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
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Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
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Overview of Mendell Helium
Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium.
M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi. Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).
M3 Helium has subsequently drilled a second well, Rost 2-26, which is currently being completed. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day.
At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
A) Nick Tulloch B) Eric Boyle
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2 |
Reason for notification |
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a. |
Position/Status |
A) Director B) Director |
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b. |
Initial notification/ Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Mendell Helium PLC |
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b. |
LEI |
213800XIUQ3AHRZ6UF89 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a. |
Description of the financial instrument, type of instrument Identification Code |
Warrants over new ordinary shares
ISIN: GB00BLD3FF28 |
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b. |
Nature of the transaction |
Extension of 6p 2024 Warrants |
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c. |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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6 pence |
1,735,283 |
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6 pence |
416,666 |
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d. |
Aggregated information – Aggregated Volume – Price |
See above
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e. |
Date of the transaction |
27 July 2026 |
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f. |
Place of the transaction |
Off-Market
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#MDH Mendell Helium PLC – Settlement Agreement & Issue of Equity
Mendell Helium (LON: MDH) announces that further to disclosures made in the Company’s admission document dated 11 June 2026, the Company has entered into a settlement agreement (the “Agreement”) with a former broker to the Company.
Pursuant to the terms of the Agreement, the former broker has agreed to exercise warrants over 500,000 new ordinary shares at 3 pence per share. The £15,000 warrant exercise amount will be offset against part of an outstanding obligation owed by the Company to the former broker.
Admission
Application has been made for 500,000 new ordinary shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 31 July 2026. The new ordinary shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 341,886,938 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 341,886,938. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
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:
|
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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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray
|
Tel: +44 (0) 20 7213 0880 |
|
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SI Capital Limited (Broker) Nick Emerson
|
Tel: +44 (0) 1483 413500 |
|
|
Fortified Securities Guy Wheatley
|
Tel: +44 (0) 203 4117773
|
|
|
Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
|
Tel: +44 (0) 207 4690930
|
|
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
|
Overview of Mendell Helium
Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium.
M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi. Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).
M3 Helium has subsequently drilled a second well, Rost 2-26, which is currently being completed. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day.
At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.
#URU URU Metals Limited – Result of shareholder analysis
URU announces that, following the completion of an independent third-party shareholder register analysis of depositary interest holdings, the Company is aware of the following significant shareholders as at 30 June 2026, being those with an interest in 3% or more of the depositary interests representing the ordinary issued share capital of the Company (“Ordinary Shares”).
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Shareholder |
Holding of Ordinary Shares |
% of interest in Ordinary Shares in issue based on issued share capital as at 30 June 2026 |
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Mr John Zorbas |
12,605,800 |
13.00 |
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Hargreaves Lansdown Asset Mgt |
12,242,109 |
12.63 |
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Axis Capital Markets |
11,104,329 |
11.45 |
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Interactive Investor |
8,168,889 |
8.42 |
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Ms Sharon J Tansley |
5,000,000 |
5.16 |
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Halifax Share Dealing |
4,731,352 |
4.88 |
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Barclays Wealth |
4,007,083 |
4.13 |
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A J Bell Securities |
3,911,738 |
4.03 |
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Shore Capital Stockbrokers |
3,518,839 |
3.63 |
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Mr Steven Geoghegan |
3,332,588 |
3.44 |
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Mrs J M Burne |
3,256,359 |
3.36 |
Other than as previously announced by RNS, URU has no further information pursuant to Rule 17 Schedule Five of the AIM Rules for Companies in respect of any dealings by the above mentioned shareholders in the Ordinary Share capital of the Company.
For further information, please contact:
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URU Metals Limited John Zorbas (Chief Executive Officer)
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+1 416 504 3978
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Caroline Rowe / Devik Mehta |
+ 44 (0) 203 470 0470 |
#URU URU Metals Limited – Extension of Convertible Loan Maturity Date
URU announces that the repayment date for the convertible loan from Boothbay Absolute Return Strategies LP (“Boothbay”) has been extended to 30 September 2026 (“Maturity Date”) and Boothbay has also agreed that it will not convert sums due under the convertible loan note into ordinary shares of the Company (“Ordinary Shares”) prior to 30 September 2026.
Details regarding the convertible loan note were announced by the Company on 6 May 2020, and the maturity date for the note has been extended on a number of occasions since this date by agreement of the parties. As of today, the total amount advanced by Boothbay Absolute Return Strategies LP to the Company was US$500,000.
Unless repaid by the Company, amounts due to Boothbay under the convertible loan note shall convert at or prior to the Maturity Date:
(i) at a price that is a 35 per cent. discount to the Volume Weighted Average Price (“VWAP”) per share in the 5 trading days prior to the noteholder serving a conversion notice;
(ii) on completion of an equity fundraising by the Company, at a price that is a 35 per cent. discount to the price per share paid by investors on such equity fundraising;
(iii) on a share sale (meaning a sale of Ordinary Shares giving control of the Company, whether for cash and/or by way of exchange for shares in another company and/or for other consideration, and whether or not control of the Company changes as a result of such transaction), a 35 per cent. discount to the price per share paid on such a share sale; or
(iv) if there is no conversion notice served, equity fundraising or share sale prior to the Maturity Date, at a 35 percent. discount to the VWAP per share in the 5 trading days prior to the maturity date.
In the event that Boothbay is issued with any new Ordinary Shares pursuant to a conversion of the loan note, it will be issued with one warrant attaching to each new Ordinary Share issued, with an exercise period of 18 months from the date of grant and exercisable at £0.85 per new Ordinary Share.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
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URU Metals Limited John Zorbas (Chief Executive Officer)
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+1 416 504 3978
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Caroline Rowe / Devik Mehta |
+ 44 (0) 203 470 0470 |
#MDH Mendell Helium PLC – Exercise of warrants
Mendell Helium announces that it has received notice to exercise warrants over 625,000 new ordinary shares at an exercise price of 4 pence per share, generating cash proceeds for the Company of £25,000.
Admission
Application has been made for 625,000 new ordinary shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 23 April 2026. The new ordinary shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 150,866,306 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 150,866,306. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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:
|
Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
|
|
|
Mendell Helium plc Nick Tulloch, CEO
|
Via our website investors@mendellhelium.com |
|
Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray
|
Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson |
Tel: +44 (0) 1483 413500 |
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Stanford Capital Partners Ltd (Broker) Patrick Claridge/Bob Pountney
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Tel: +44 (0) 203 3650 3650/51
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
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Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608 |
#MDH Mendell Helium PLC – Exercise of warrants
Mendell Helium announces that the Company has received notice to exercise warrants over 250,000 new ordinary shares at an exercise price of 4 pence generating cash proceeds for the Company of £10,000.
Admission
Application has been made for 250,000 new ordinary shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 13 April 2026. The new ordinary shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 149,241,306 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 149,241,306. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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:
|
Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
|
|
|
Mendell Helium plc Nick Tulloch, CEO
|
Via our website investors@mendellhelium.com |
|
Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray
|
Tel: +44 (0) 20 7213 0880 |
|
SI Capital Limited (Broker) Nick Emerson |
Tel: +44 (0) 1483 413500 |
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Stanford Capital Partners Ltd (Broker) Patrick Claridge/Bob Pountney
|
Tel: +44 (0) 203 3650 3650/51
|
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Fortified Securities Guy Wheatley
|
Tel: +44 (0) 203 4117773
|
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AlbR Capital Limited Gavin Burnell, Colin Rowbury, Jon Belliss
|
Tel: +44 (0) 207 4690930
|
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
|
Overview of M3 Helium
Mendell Helium announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Mendell Helium to M3 Helium’s shareholders. The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.
M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. M3 Helium owns a mobile Pressure Swing Adsorption production plant which has been installed on site and will be used to purify the produced helium. The plant is capable of processing up to 800 Mcf per day of raw gas and purifying it up to 99.999% helium although management believes on-site purification to around 75% will be more practical.
Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 5,000 barrels of water per day at 1,200 psi.
Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.
M3 Helium is also developing a Bitcoin mining operation in Nebraska where it has taken a lease of land prospective for biogenic methane and has drilled a pilot well (Jasper). It is onboarded for custody with Bitgo Inc. and its Bitcoin treasury management policy is available at https://mendellhelium.com/bitcoin-treasury.
Forward Looking Statements
These forward-looking statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as ‘anticipates,’ ‘expects,’ ‘intends,’ ‘plans,’ ‘believes,’ ‘seeks,’ ‘estimates,’ and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.
Important Notices
Mendell Helium plc (the “Company”) intends in the future to invest surplus cash and hold treasury reserves in bitcoin. Bitcoin is a type of cryptocurrency or crypto asset. Whilst the Board of Directors of the Company considers holding bitcoin to be in the best interests of the Company, the Board is aware that the financial regulator in the UK (the “Financial Conduct Authority” or “FCA”) considers investment in bitcoin to be high risk. However, the Board of Directors of the Company consider bitcoin to be an appropriate store of value and growth for the Company’s reserves and, accordingly, the Company may in the future be materially exposed to bitcoin. Such an approach is innovative, and the Board of Directors of the Company wish to be clear and transparent with prospective and actual investors in the Company on the Company’s position in this regard. An investment in the Company is not an investment in bitcoin, either directly or by proxy.
The Company is neither authorised nor regulated by the FCA and cryptocurrencies (such as bitcoin) are unregulated in the UK. As with most other investments, the value of bitcoin can go down as well as up, and therefore the value of bitcoin holdings can fluctuate. The Company may not be able to realise any future bitcoin exposure for the same as it paid in the first place or even for the value the Company ascribes to bitcoin positions due to these market movements. As bitcoin is unregulated, the Company is not protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme. Prospective investors in the Company are encouraged to do their own research before investing.
#AYM Anglesey Mining PLC – Placing and Subscription to raise approximately £680,000 and Appointment of AlbR Capital as Joint Corporate Broker
Anglesey Mining plc (AIM:AYM), the minerals exploration and development company, is pleased to announce that AlbR Capital Limited has conditionally raised aggregate gross proceeds of approximately £680,000, by means of a placing (the “ Placing ”) of 10,491,663 new ordinary shares of nominal value £0.01 (“ Ordinary Shares ”) each in the capital of the Company (the “ Placing Shares ”), to certain institutional and other investors raising gross proceeds of approximately £630,000, and a direct subscription of 833,333 new Ordinary Shares (the “ Subscription Shares ”), to raise approximately £50,000 (the “ Subscription ”) (together the “ Fundraising ”), in each case at a price of £0.06 (6 pence) per share (the “ Issue Price ”).
Participants in the Fundraising will receive 1 warrant for every new Ordinary Share subscribed for, exercisable at £0.07 (7 pence) per share for a period of 12 months from date of grant (the ” Warrants “). If exercised in full, the exercise of the Warrants would provide an additional £792,749.72 of gross proceeds to the Company.
The Subscription is being supported by the Company’s largest shareholder, Energold Minerals Inc. (“ Energold ”), which will invest £49,999.98 at the Issue Price. Upon completion of the Fundraising, Energold will be interested in 14,951,233 ordinary shares of nominal value £0.01 each (“ Ordinary Shares ”), representing approximately 23.1% of the enlarged issued share capital.
The Fundraising is being undertaken by AlbR Capital Limited (” AlbR “). The Company is also pleased to announce that AlbR has been formally appointed as joint Corporate Broker, with immediate effect.
The appointment of AlbR follows the £350,000 investment by Energold and the recent restructuring of the Company’s balance sheet, eliminating approximately £4 million in debt, as further described in the announcement of 5 December 2025.
Anglesey is now fully focused on advancing an exploration and development strategy for its 100%-owned Parys Mountain copper-zinc-lead-gold-silver project (see “ Use of Proceeds ” below).
Pursuant to the engagement of AlbR, 400,000 new Ordinary Shares will be issued to AlbR in respect of its annual retainer for the next 12 months (“ Retainer Shares ”). The Retainer Shares will be issued based on the closing mid-price on Friday, 6 March 2026 of £0.075 (7.5 pence) per Ordinary Share.
Anglesey Mining CEO, Rob Marsden, commented : “We are pleased to welcome AlbR, as we seek to expand the Company profile and broaden the Company’s shareholder base. AlbR has already been assisting the Company and we look forward to working with them as we continue to advance Parys Mountain.”
Use of Proceeds
The net proceeds of the Fundraising are expected to be applied towards:
- £250,000: initiation of dewatering the existing shaft to facilitate exploration efforts, advance the pumped energy storage project and support eventual mine development.
- £50,000: analysis of existing core samples from previous drilling campaigns which have not, thus far, been incorporated into resource models.
- £100,000: for ongoing exploration to include aero-geophysics and ground follow up.
- £200,000: for G&A/Working Capital.
The actual use of proceeds may vary at the Company’s discretion based on the results of work undertaken or other factors.
Further Details of the Fundraising and Warrants
The Company has, conditional on Admission of the Placing Shares and Subscription Shares, raised £679,499.76 (before expenses) through the Placing and Subscription with institutional and other investors for a total of, in aggregate, 11,324,996 new Placing Shares and Subscription Shares at 6 pence per share. The Placing Shares and Subscription Shares will be issued on a non-pre-emptive basis pursuant to the authorities granted to the Board at the Company’s annual general meeting held in February.
Jim Williams, non-executive director of the Company, is participating in the Placing for an aggregate subscription of £9,999.96 for 166,666 Placing Shares.
The Placing Shares, Subscription and Retainer Shares, when issued and fully paid, will rank pari passu in all respects with the existing Ordinary Shares in issue and therefore will rank equally for all dividends or other distributions declared, made or paid after the issue of the new Ordinary Shares.
The Issue Price represents a discount of approximately 20 per cent to the closing middle market price of 7.5 pence per Ordinary Share on 6 March 2026, being the latest business day prior to the announcement of the Fundraising.
Participants in the Fundraising will be issued with one Warrant for each new Ordinary Share subscribed for, resulting in the issue of 11,324,996 Warrants. The Warrants will be exercisable at a price of 7 pence for a period of 12 months from the date of issue. The Warrants will not be transferable and will not be traded on an exchange.
Related Party Transaction
Energold has agreed to subscribe, in aggregate, for 833,333 Subscription Shares at the Issue Price and will receive 833,333 Warrants, on the same terms and conditions as other participating investors. Energold is a related party for the purposes of Rule 13 of the AIM Rules by virtue of being a substantial shareholder in Anglesey, and its participation in the Fundraising constitutes a related party transaction (as defined by the AIM Rules).
The Directors of Anglesey, save for Brendan Cahill (a representative of Energold), consider, having consulted with the Company’s nominated adviser, that the terms of Energold’s participation in the Fundraising are fair and reasonable insofar as the shareholders of the Company are concerned.
Admission to Trading
Application will be made for the 10,491,663 Placing Shares, 833,333 Subscription Shares and the 400,000 Retainer Shares to be admitted to trading on AIM (” Admission “). Admission is expected to occur at 8.00 a.m. on or around 13 March 2026.
Total Voting Rights
Following Admission, the Company’s enlarged issued share capital will comprise 64,814,303 Ordinary Shares. The Company holds no shares in treasury. This figure may be used by shareholders for the purposes of the FCA’s Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
ALBR Capital Limited Tel: +44 (0)20 7562 0930
Joint Broker
Lucy Williams / Duncan Vasey
LEI: 213800X8BO8EK2B4HQ71
About Anglesey Mining plc:
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Appendix: Notification And Public Disclosure Of Transactions By Persons Discharging Managerial Responsibilities And Persons Closely Associated With Them
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a) | Name: | Jim Williams | ||||||
| 2. | Reason for the notification | |||||||
| a) | Position/status: | Non-Executive Director | ||||||
| b) | Initial notification/Amendment: | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name: | Anglesey Mining Plc | ||||||
| b) | LEI: | 213800X8BO8EK2B4HQ71 | ||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
| a) | Description of the financial instrument, type of instrument:
Identification code: |
Ordinary Shares of 1 pence each
GB00BVMZHW05 |
||||||
| b) | Nature of the transaction: |
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||||||
| c) | Price(s) and volume(s): |
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||||||
| d) | Aggregated information:
Aggregated volume: Price: |
N/A – single transaction | ||||||
| e) | Date of the transaction: | 9 March 2026
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| f) | Place of the transaction: | Outside a trading venue |
#SVML Sovereign Metals Limited – Results of Meeting and Issue of Performance Rights
A General Meeting (GM) of Sovereign Metals Limited (Company) (ASX:SVM; AIM:SVML; OTCQX: SVMLF) was held today, 18 February 2026, at 11.00am (AWST).
The resolutions voted on were in accordance with the Notice of GM previously advised to shareholders. All resolutions were decided on and carried by way of poll.
In accordance with Section 251AA of the Corporations Act 2001 and ASX Listing Rule 3.13.2, the details of the poll and proxies received in respect of each resolution are set out below.
Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the Company) advises that it has today issued 8,650,000 unlisted performance rights to Directors following shareholder approval as follows:
· 3,600,000 unlisted performance rights subject to the “Bankable Definitive Feasibility Study Milestone” expiring on or before 30 June 2026; and
· 5,050,000 performance rights subject to the “Construction and Finance Milestone” that have no exercise price and expire 30 June 2028.
Following the issue of these unlisted performance rights, the Company has the following securities on issue:
· 646,938,703 fully paid ordinary shares (of no par value);
· 4,992,500 unlisted performance rights subject to the “Grant of Mining Licence Milestone” expiring on or before 31 March 2026 (expected to lapse unvested);
· 6,190,000 unlisted performance rights subject to the “Final Investment Decision Milestone” expiring on or before 30 June 2026 (expected to lapse unvested);
· 9,022,500 unlisted performance rights subject to the “Bankable Definitive Feasibility Study Milestone” expiring on or before 30 June 2026; and
· 13,262,500 performance rights subject to the “Construction and Finance Milestone” that have no exercise price and expire 30 June 2028.
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Enquiries |
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Dylan Browne Company Secretary +61 8 9322 6322 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat |
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Joint Broker |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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