Helix Exploration, the helium exploration and development company with near-term production assets within the Montana Helium Fairway, has announced its audited Annual Report and Financial Statements for the year ended 30 September 2025.
Highlights:
- Year of significant transformation, building on the Group's successful IPO in 2024 and laying the foundations for the next stage of growth
- Commencement of production at Rudyard Project post period end, marking a major milestone for the Company
- Rudyard exceeded expectations, with successful testing of Linda #1, Weil #1 and Inez #1 confirming excellent reservoir quality, strong flow rates and helium concentrations of up to 1.2%
- Scalability and upside demonstrated, with results supporting multiple production wells, meaningful cash flow potential over the life of the project, and further upside from ongoing evaluation at Inez and additional planned wells
- Processing facility fully operational post year-end, featuring a cost-effective Xebec PSA plant, positioning Helix as one of the most efficient helium production platforms in North America and establishing the Company as the first helium producer in Montana
- Strong financial position, following a £4.5 million institutional fundraise in June 2025 to bring the Group to production and a further £2.2 million raised post period end in March 2026 to provide working capital headroom while negotiating offtake agreements
Keith Spickelmier, Non-Executive Chairman, said:
'FY2025 has been a year of significant transformation for Helix. We have delivered exceptional operational progress at Rudyard and, subsequent to the period end, achieved the major milestone of first production. With a high-quality asset base, an efficient production platform and a strong financial position, Helix is well-placed for its next phase of growth.'
Source: Helix Exploration
