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Voyager Set to Acquire Kansas-based He Producer M3 Helium

UK listed Voyager announced an agreement to potentially acquire M3 Helium Corp, a Kansas-based helium producer, through the issuance of 57.6mm shares, making up 57% of its share capital. M3 Helium, currently operating five wells with proven economic viability and access to essential infrastructure, aims to scale up operations and further explore the Hugoton North Play and Fort Dodge areas. An independent resource report in Jan'24 concluded a P50 (best estimate) contingent resource size of ~23bcf of helium for M3's acreage. The company recently raised £864k to advance drilling and operational development, amidst preparations for re-admission to trading on the AQSE Growth Market (a smaller competitor to the UK AIM market).

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