Highlights

  • The PSA compressor, critical for helium production, will arrive onsite at Rudyard within three days.
  • Helix is in early-stage discussions with Tier 1 partners regarding hydrogen-related opportunities.
  • Additional 1,363 acres have been acquired at Rudyard for a modest cash consideration.

Helix Exploration PLC (LSE:HEX) is advancing toward first helium production at its flagship Rudyard Project, located in Montana’s Helium Fairway. The final long-lead item for production, the PSA compressor, has been fully assembled and is being transported to Rudyard. It is expected to arrive onsite within the next three days. All preparatory work has been completed offsite to minimize installation time. Commissioning is anticipated to take approximately 4–5 business days once the compressor is in place.

Offtake Discussions Underway
The Company is engaged in ongoing discussions with industry participants regarding offtake agreements. These discussions are expected to conclude after first helium gas is produced, with further updates to be provided in due course.

Hydrogen Potential
Helix Exploration is in active discussions with several globally recognised Tier 1 partners regarding potential hydrogen-related collaboration. These discussions remain in the early stages, and the Company will update the market on any further developments.

Expansion of Rudyard Holdings
The Company has acquired additional leases at Rudyard totaling 1,363 acres for a modest cash consideration. This acquisition adds to Helix’s existing landholdings in the Montana Helium Fairway.

Drilling Operations Update
Drilling at the Inez#1 site has been slower than usual due to severe winter weather. Operations are currently paused for the holiday season, with the drilling campaign expected to resume afterward.

Share Price Snapshot
HEX was trading at GBX 27.50 per share as of 22 December 2025.