REG - Quantum Helium Ltd - Sagebrush Operatorship Approved

Quantum HeliumAnnouncement

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RNS Number : 0244Z  Quantum Helium Limited  01 April 2026

 

 

01 April 2026

 

Quantum Helium Limited

("Quantum" or the "Company")

 

 

Operatorship Approved for Sagebrush

Mobilisation for Extended Production Test to Commence After Easter

Quantum Helium Limited (AIM: QHE) is pleased to announce that it has received
notification that operatorship of the Sagebrush Project in Colorado has been
approved by the Bureau of Indian Affairs ("BIA").

This key milestone follows an extensive and proactive engagement process
undertaken by the Company and its advisors with regulatory authorities and
stakeholders. The Company's recent visit to Colorado, including meetings with
the Ute Mountain Ute Tribe and regulatory bodies, contributed positively to
the progression and successful conclusion of the approvals process.

With notification of operatorship approval now received, Quantum is moving
into the next operational phase at Sagebrush, with mobilisation for the
extended production test at the Sagebrush-1 well expected to commence shortly
after Easter.

Highlights

·      Notification received of approval of operatorship for the
Sagebrush Project by the BIA

·      Final regulatory step completed, enabling Quantum to take
operational control

·      Mobilisation for extended production test at Sagebrush-1 to
commence post-Easter

·      Over 1 Bcf of independently assessed prospective helium resources
across Sagebrush and Coyote Wash

·      Strong market backdrop with increasing global focus on helium
supply security

Operational Update - Sagebrush-1

The extended production test at Sagebrush-1, which is expected to run over a
number of weeks, represents a key near-term operational milestone for Quantum.

The well historically encountered non-combustible gas with measured helium
concentrations of approximately 2.76%, providing strong technical validation
of the helium potential within the Leadville Formation. The upcoming test is
designed to assess flow rates and confirm commercial deliverability.

Importantly, the extended production test is expected to support the
progression of the Company's existing helium resources into reserves,
representing a significant step forward in the commercial development of the
project.

Extensive planning and procurement of long-lead items have already been
completed, allowing the Company to move efficiently into the testing phase
following notification of operatorship approval.

The Company will update the market once testing has commenced and as
operations progress

Strategic Position

Quantum has prospective helium resources of over 1 Bcf across its Sagebrush
and Coyote Wash projects, providing a strong foundation for development.

The Company's strategy of combining helium exploration with existing oil
production - which generated over US$600,000 in gross revenue in 2025 -
provides both technical and financial support as it advances towards helium
production.

Market Context

The advancement to testing at Sagebrush comes at a time of increasing global
focus on helium supply security, with recent geopolitical developments in the
Middle East disrupting a significant portion of global production. Industry
sources indicate that up to one-third of supply has been impacted, with
suppliers already implementing allocation measures and prioritising critical
sectors such as medical imaging, semiconductor manufacturing and aerospace.

Against this backdrop, the importance of secure and domestic helium supply in
the United States has become increasingly apparent. Quantum's Sagebrush and
Coyote Wash projects, with over 1 Bcf of independently assessed helium
resources, are well positioned within this evolving market, with the upcoming
production test at Sagebrush-1 representing a key step towards potential
future supply.

Outlook

With notification of operatorship approval now received, Quantum is entering a
highly active operational phase, with the extended production test at
Sagebrush-1 set to be the immediate focus.

The Company believes that the combination of independently verified helium
resources, existing oil production providing revenue support, and near-term
operational catalysts positions it strongly as it advances towards potential
helium development.

Howard McLaughlin, Chief Executive Officer of Quantum Helium, said: "This is a
major milestone for Quantum and reflects a significant amount of work by the
team to advance Sagebrush through the regulatory framework.

We would also like to thank the Ute Mountain Ute Tribe for their continued
support and engagement throughout, which has been invaluable in reaching this
point, and we are grateful to our shareholders for their patience throughout
what has been a detailed approval phase.

Receiving notification of operatorship approval marks a key step forward for
the Company, allowing us to move into the next phase of activity, with
mobilisation for the extended production test scheduled to commence shortly
after the Easter break. Sagebrush-1 has already demonstrated the presence of
helium, and this next stage is focused on confirming its commercial potential
and advancing our resources towards reserves.

With increasing global focus on helium supply security, particularly in the
United States, we believe Sagebrush is strongly positioned as we enter this
important and exciting phase of operations."

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018. Upon publication via Regulatory
Information Service ('RIS'), this information is now in the public domain

 

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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