REG - Helix Exploration - Commencement of Plant Construction

Helix ExplorationAnnouncement

15/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250715:nRSO0163Ra&default-theme=true

RNS Number : 0163R  Helix Exploration PLC  15 July 2025

15(th) July 2025

 

Helix Exploration PLC

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

Commencement of Plant Construction

Helix Exploration, the helium exploration and development company with
near-term production assets within the 'Montana Helium Fairway', is pleased to
announce the commencement of civils work and plant construction at its
flagship Rudyard Project, Montana.

Highlights:

·   Civil construction underway at the Rudyard Plant site, including
ground clearance and compaction prior to installation of a reinforced concrete
pad.

·    PSA plant and membrane modules from Texas to Montana on track for
delivery in August 2025.

·    Compressor units expected to follow soon after.

·    First helium production targeted to commence once final equipment
delivery & integration is completed onsite.

Bo Sears, CEO of Helix Exploration, commented:

"We are now fully underway with construction at the Rudyard Plant site,
another important step toward being the first helium producer in the State of
Montana. With four production wells already drilled, a fifth in progress, and
equipment mobilisation underway, Helix remains focused on delivering one of
the most cost-effective and rapid developments in the North American helium
sector."

Background

Civil works commenced at the Rudyard Plant site in early July 2025, with pad
grading and compaction progressing ahead of equipment installation. The site
occupies the highest point on the 20-acre lease, allowing for optimal drainage
and layout.

The PSA & membranes are scheduled for delivery to Montana as soon as the
pad work is completed.

Preparations for the gas gathering system are also advancing with material
procurement  underway.  On-site installation should begin in August 2025
depending on delivery of 4" piping from Wyoming.

Final integration and commissioning of the plant remain contingent on delivery
of the helium compressor skid.  Coordination with vendors and programmers is
ongoing to finalise the control logic, with a preference for a soft-start
configuration to reduce fuel usage and improve control during initial startup.

First helium production will commence following completion of compressor
installation, plant hookup, and regulatory inspection.

Helix will continue to provide updates on construction progress via RNS and
social media channels as activity progresses.

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.

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 1.2% helium. Rudyard field can support multiple production
wells and has potential to generate net revenue of $115 - $220 million over a
12.5 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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUSORRVRUBAUR