When the results will be published27 Apr 2026 21:01
For those who have not seen 8 April RNS
Quantum holds over 1.1 Bcf of independently verified prospective helium resources across its Sagebrush and Coyote Wash projects, positioning the Company as one of the largest verified helium resource holders among London-listed peers.
The commencement of testing at Sagebrush-1 represents a major value inflection point, moving the Company from discovery towards potential production.
With global helium markets tightening and spot prices rising significantly, the Company believes this test is well timed within a highly supportive macro environment.
Outlook
Testing is expected to run over the coming weeks, with results to be announced once analysis has been completed.
Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: "Commencing the extended production test at Sagebrush-1 is a major milestone for Quantum and an important step forward for the Company.
This well has already demonstrated the presence of helium, and this programme is focused on confirming flow rates and commercial potential. The results will be critical in moving our prospective resources towards reserves and defining the pathway to development.
We will keep shareholders informed as testing progresses and look forward to reporting the results in due course.
With strong momentum across our Colorado portfolio and increasing global demand for helium, we believe this is a highly significant phase for the Company."