Schneweis Well Recompletion Project

planned

M3 Helium Corporation, a subsidiary of Mendell Helium plc, is partnering with Ritchie Exploration to recomplete the Schneweis well in Kansas using a proven de-watering technique to restore and enhance helium and hydrocarbon production. The well is connected to pipeline infrastructure, allowing for the sale of helium and hydrocarbons without the need for surface purification facilities. M3 Helium will fund the recompletion and a new disposal well, securing an initial 85% net profit interest, which will reduce to 70% after cost recovery. Ritchie Exploration retains an option to increase its stake to 50%.