Quantum Helium Establishes Large Independently Verified Helium Resource Base in Colorado

Quantum Helium Limited (LSE:QHE) said it has received an independent resource assessment from Sproule ERCE confirming a 2U (best estimate) gross recoverable helium resource of 0.97 billion cubic feet (BCF) at its wholly owned Coyote Wash project in Colorado. When added to the previously certified 0.134 BCF at the nearby Sagebrush project, the company’s total independently verified 2U gross helium resources in Colorado now stand at 1.104 BCF.

The certification places Quantum Helium among the London market’s largest holders of independently assessed helium resources and implies a potential gross in-ground value of approximately US$331 million. In addition to helium, Sproule ERCE identified prospective recoverable oil volumes of up to 750,000 barrels associated with an Ismay formation target on the Coyote Wash acreage and highlighted three potential well locations.

Operationally, the company said 3D seismic acquisition at Sagebrush has been completed, while regulatory approvals are progressing for an extended flow test at the Sagebrush 1 discovery well. These developments underpin an active work programme planned for 2026 and mark a transition toward resource maturation and potential value creation.

From an outlook perspective, Quantum Helium’s positioning is supported by its growing independently certified resource base and strategic focus on industrial gases. However, financial constraints, ongoing cash flow pressures and weak valuation metrics continue to weigh on sentiment, despite some positive corporate developments and modest technical momentum.

More about Quantum Helium Limited

Quantum Helium Limited is a helium, hydrogen and hydrocarbon exploration, development and production company with assets in the United States and Australia. The group is focused on building a portfolio of cash-generative projects with development upside while continuing targeted exploration. Alongside its US projects, the company also holds royalty interests in Australia, positioning it within the specialist industrial gases and energy sector on the London market.