Mendell Finally Acquires M3 Helium and Raises £5mm

May 5
10 min read

Mendell Helium has finally exercised its option to acquire M3 Helium after ~22 months from when the option was initially acquired in June 2024, and has raised £5mm through a placing of 125mm new ordinary shares at 4p/sh (~35% discount to previous close).

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Helix Purchases Drilling Rig and Confirms a Deep Helium and Argon at Rudyard

Hybrid Air Vehicles Hits Funding Delay Despite £1.6bn Order Book

Hybrid Air Vehicles, the UK government-backed maker of the helium airship - Airlander, is struggling to secure the £310mm it needs to reach commercial production, despite reporting a $2.2bn (£1.65bn)

Pulsar Helium Reports Q1’26 Results

Pulsar Helium reported its Q1’26 financial and operational results during which it drilled five core-hole wells at its Topaz Project in Minnesota, all encountering high-pressure gas, and is now planni