Mendell Helium plc (MDH), a helium producer operating in Kansas, USA, has confirmed that all 12 resolutions put to shareholders at its Annual General Meeting were duly passed. The meeting was held on 3 November 2026 at Edinburgh Printmakers, Castle Mills, Edinburgh, with voting conducted by poll across a total share base of 357,930,937 shares in issue. The result provides a degree of shareholder continuity for the company as it advances production at its Kansas wells, and investors will be watching how the board uses its refreshed mandate to progress operations at the Rost and Schneweis sites.

Key Points

  • Mendell Helium plc (MDH) — helium producer listed on the UK market, operating through wholly owned subsidiary M3 Helium in Kansas, USA
  • All 12 resolutions at the AGM held on 3 November 2026 were duly passed by shareholder poll
  • Total shares in issue at 6:30 p.m. on 3 November 2026 stood at 357,930,937; the company holds no shares in treasury
  • Investors may be watching whether AGM outcomes support continued drilling and development at the Rost 2-26 and Schneweis wells

Poll Results Show Broad Shareholder Support Across All 12 AGM Resolutions

Across the 12 resolutions voted upon, the highest level of support was recorded for Resolution 1, which received 75,395,467 votes in favour against 730,627 against, out of a total of 76,126,094 votes cast. Resolution 3 saw the greatest opposition, with 6,163,826 votes against, while Resolution 11 attracted 5,741,798 votes against. No resolution was decided on the Chairman's discretion. The company did not disclose the specific subject matter of each resolution in this announcement, though all were confirmed as passed.

Rost 1-26 Flagship Well Producing in Fort Dodge, with Rost 2-26 Showing 11.5% Helium Composition

M3 Helium's flagship asset, the Rost 1-26 well in Fort Dodge, Kansas, commenced production in early November 2025 and recorded a flow rate of 250 Mcf per day in December 2025, equating to approximately $1.4 million of helium per year at $300/Mcf. A second well, Rost 2-26, is currently being de-watered and has reported a helium composition of 11.5%, which the announcement describes as encouraging. M3 Helium treats raw gas on site and uses two leased tube trailers for deliveries to its offtaker. Additional leases in the Fort Dodge area could support up to eight new production wells.

Schneweis Joint Venture and Hugoton Field Assets Broaden M3 Helium's Kansas Portfolio

Beyond the Rost wells, M3 Helium has entered a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A well, which recorded a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day. Since returning to production, the well has recorded peak flow rates of up to 700 Mcf per day, though rates have been variable during de-watering. M3 Helium also holds interests in five producing wells — Peyton, Smith, Nilson, Bearman, and Dimmitt — within the Hugoton gas field in south-western Kansas, all connected to infrastructure including the Jayhawk gas processing plant.