£513,000! UK Helium Exploration Company Boosts Investment in US Helium Project. On December 9, UK-based helium exploration company Mendell Helium PLC completed a funding round of approximately £513,000. The entire amount will be directed towards the expansion of the Fort Dodge helium project in Kansas, USA, injecting new momentum into helium exploration and development in North America. This funding was secured in two parts: 1. Between November 17 and December 4, the company issued 7,102,320 new ordinary shares, raising £213,000; 2. The remaining £300,000 was raised through a convertible loan note (CLN), a form of debt that can be converted into company shares. These funds will be deployed in sync with the expansion progress of its associated entity, US helium producer M3 Helium Corporation, at the Fort Dodge project. The terms of this convertible loan note are designed for flexibility and security: investors holding the note can convert it into company shares at a price of 3 pence per share before Mendell's planned listing on the AIM market (London's Alternative Investment Market for growing companies), or at 4.5 pence per share after listing. If not ultimately converted, the funds will remain undrawn until the company completes its AIM listing or until February 14, 2026, whichever is later. The core purpose of this financing is clear: it targets M3 Helium Corporation—Mendell holds the right to acquire M3 Helium (this right has been extended to February 28, 2026), and M3 Helium holds interests in six helium production wells in Kansas, making it a key player in local helium development.
This project-focused financing initiative clearly demonstrates the capital market's recognition of the future value of helium as a strategic resource. It also indicates that continued activity in upstream exploration and development will drive the evolution of the global helium supply system. As a reliable partner in the global gas storage and transportation sector, NETC Aluminum Alloy Gas Cylinders provide crucial technical assurance for the safe storage and transport of helium throughout the entire chain—from wellhead production to end-use applications—through their exceptional sealing performance, safety, and outstanding high-purity gas retention capabilities, supporting the stability and expansion of global helium supply chains.
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