REG - Helix Exploration - Admission to trading on OTCQB Market

Helix ExplorationAnnouncement

29/05/2025 12:00

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RNS Number : 6206K  Helix Exploration PLC  29 May 2025

 29 May 2025

 

Helix Exploration PLC

("Helix Exploration" or "Helix" or the "Company")

Helix Exploration PLC admission to trading on OTCQB Market

Helix Exploration, the helium exploration and development company with
near-term production assets within the 'Montana Helium Fairway', is pleased to
announce that its shares ("Ordinary Shares") have been approved to trade on
the OTCQB Venture Market ("OTCQB") in the United States and will commence
trading on the stock market at 09:30 EST / 14:30 BST on Thursday 29(th) May
2025 under the symbol "HHEXF".

This will not affect trading of the Company's Ordinary Shares on AIM, which
will continue under the symbol "HEX", and no new Ordinary Shares have been
issued through this process. The Company will continue to make all
announcements and disclosures to the London Stock Exchange through
the Regulatory News Service and is not subject to any Sarbanes-Oxley or US
Securities and Exchange Commission reporting requirements.

Trading on the OTCQB offers enhanced investor benefits in the form of easier
trading access for investors located in the U.S. and potentially greater
liquidity due to a broader geographic pool of potential investors. Through
trading on the OTCQB, Helix will be able to engage with a network of U.S.
investors ensuring that they have the same level of information and disclosure
available to investors in the United Kingdom, but through U.S.-facing
platforms and portals. In addition, the OTCQB trading facility will
provide U.S. based investors with the ability to access the Company's
Ordinary Shares in U.S. dollars during U.S. market hours.

 

Bo Sears, CEO of Helix Exploration, commented:

"I am pleased to be able to announce a milestone for Helix with our shares now
approved for trading on the OTCQB market in New York. We look forward to
welcoming U.S. investors to Helix at a pivotal moment for the Company, as we
progress from explorer to developer and prepare to commence production at our
Rudyard project in Montana.  With the helium market undergoing major
structural challenges, our near-term production, strong reservoir performance,
and low-cost operating model uniquely position Helix as large domestic
source of helium"

 

The Directors of the Company are responsible for the release of this
announcement.

 

Enquiries

Helix Exploration

 Bo Sears       via Camarco
 David Minchin  info@helixexploration.com

Cairn - Nominated Adviser

 Liam Murray          +44 (0)20 7213 0880
 Ludovico Lazzaretti
 James Western

 

Hannam & Partners - Joint Broker

 Neil Passmore      +44 (0)20 7907 8502
 Leif Powis

 Tavira Financial  - Joint Broker
 Chris Kipling                         +44 (0)20 7100 5100

 Oliver Stansfield

 Jonathan Evans

Camarco - Financial PR

 Emily Hall     +44 (0)20 3757 4980
 Tilly Butcher  helixexploration@camarco.co.uk

 Billy Clegg

 

Notes to Editors

Helix Exploration is a helium exploration company focused on the exploration
and development of helium deposits within the 'Montana Helium Fairway'.
Founded by industry experts with extensive experience of helium systems in the
US, the Company listed in April 2024.

Helix is focused on production at its Rudyard Project in northern Montana,
taking advantage of existing infrastructure and low-cost processing to target
first gas in 2025. The Company has three production wells targeting up to
236ft Helium / Nitrogen gas in the Souris and Red River formations, flowing up
to 3,800 Mcf/day at 1.1% helium. Rudyard field can support multiple production
wells and has potential to generate net revenue of $115 - $220 million over a
12 - 14 year life of field.

Helix is committed to open and transparent communication with investors and
the wider market as the project progresses through development into
production.

"Our approach is simple: build scale efficiently, develop resources
strategically, and deliver near-term cash flow." CEO - Bo Sears

The Company's Admission Document, and other information required pursuant to
AIM Rule 26, is available on the Company's website
at https://www.helixexploration.com/ (https://www.helixexploration.com/) .

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.

 

 

 

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