December RNS13 Apr 2026 16:13
In my opinion this RNS showed the confidence in this drill please read
11 December 2025
Quantum Helium Limited
("Quantum" or the "Company")
Quantum Increases Working Interest in Sagebrush Helium Project to 90%
Operational Update
Quantum Helium Limited (AIM: QHE), advancing helium, hydrogen and hydrocarbon projects in the USA, is pleased to announce that it has increased its working interest in the Sagebrush Helium Project from 82.5% to 90% following the acquisition of Jackal Oil Company's minority interest. The Company is also pleased to report on progress across its helium portfolio in Colorado.
Highlights
· Quantum increases its working interest in the Sagebrush Helium Project from 82.5% to 90%
· Sagebrush 3D seismic acquisition now in its final stages, with initial processed results expected in January.
· Sproule ERCE independent resource report for Coyote Wash expected within a week, following completion of technical assessment.
· Positive engagement with the BIA following cessation of government shutdown, with flow testing of Sagebrush-1 expected to commence early in the New Year upon receipt of final approvals.
Increase in Working Interest at Sagebrush
The Company has increased its working interest in the Sagebrush Helium Project in Colorado from 82.5% to 90% through the acquisition of Jackal Oil Company's minority interest. The remaining 10% working interest is owned by Quantum's Chief Executive, Howard McLaughlin and is not carried.
The interest was acquired for a cash consideration of US$85,000. Jackal elected to streamline its portfolio through a clean exit, and both parties agreed terms that facilitated a straightforward restructuring of ownership. The Board regards this as a highly favourable outcome for Quantum, consolidating ownership in a project where the Company already holds a drilled and cased helium discovery well that is being advanced towards production testing.
This transaction further strengthens Quantum's strategic position at Sagebrush as the Company enters a pivotal phase of operational activity.
There are no profits or losses attributable to the working interest being acquired.
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