REG - Quantum Helium Ltd - BIA Approval of Irrevocable Letter of Credit

Quantum HeliumAnnouncement

26/01/2026 07:05

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RNS Number : 3313Q  Quantum Helium Limited  26 January 2026

 

26 January 2026

 

Quantum Helium Limited

("Quantum" or the "Company")

 

 

BIA Approval of Irrevocable Letter of Credit

Quantum Helium Limited (AIM: QHE) is pleased to announce that the Irrevocable
Letter of Credit ("ILOC") required for bonding has now been formally approved
by the U.S. Bureau of Indian Affairs ("BIA").

Approval of the ILOC marks an important regulatory milestone for the Company
and reflects the strong and constructive engagement that has taken place with
the BIA over recent weeks. This approval clears an important prerequisite for
the advancement of operations at the Sagebrush Project.

With the ILOC now approved, the next steps are the assignment of the relevant
leases and the formal designation of operatorship, both of which are
progressing with the BIA. The Company notes that discussions with the BIA have
been positive and productive, and momentum across the process continues to
build.

Howard McLaughlin, Chief Executive Officer of Quantum Helium, commented: "We
are very pleased to have received BIA approval of the Irrevocable Letter of
Credit. This outcome follows a number of highly constructive meetings with the
BIA and confirms that the process is now moving forward positively. With this
key milestone secured, we are now focused on completing assignment and
operatorship and moving efficiently toward the extended production test at
Sagebrush.

All long-lead items required for the extended production test have now been
secured, allowing the Company to move forward with confidence as soon as final
approvals are in place. I would like to thank our shareholders for their
patience and continued support, and we look forward to a strong and highly
active 2026 as we progress towards testing and development across our Colorado
portfolio."

Enquiries:

 Quantum Helium Limited     NOMAD and Joint Broker

 Carl Dumbrell              SP Angel Corporate Finance LLP

 Chairman                   Stuart Gledhill / Richard Hail / Adam Cowl

                            +44 (0) 20 3470 0470
 Brand Communications       Joint Broker

 Alan Green                 CMC Markets UK Plc

 Tel: +44 (0) 7976 431608   Douglas Crippen

                            +44 (0) 020 3003 8632

 

Updates on the Company's activities are regularly posted on its website:
www.quantum-helium.com

 

Notes to editors

Quantum (AIM: QHE) is a helium, hydrogen and hydrocarbon exploration,
development, and production company with projects in the US and Australia.
Quantum's strategic objectives remain consistent: to identify opportunities
which will provide operating cash flow and have development upside, in
conjunction with progressing exploration. The Company has several projects in
the US, in addition to royalty interests in Australia.

 

 

 

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