Helix Exploration (HEX) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum and introduction of directors in attendance.

• Attendees encouraged to submit questions throughout the meeting.

• Emphasis on efficient scaling, strategic resource development, and near-term cash flow as guiding principles for the year.

Overview of voting outcomes

• All resolutions passed, most unanimously in the room and with strong proxy support.

• Resolutions included adoption of annual accounts, appointment of auditors, auditor remuneration, share allotment, and waiver of preemptive rights.

• Proxy votes in favor ranged from 97.04% to 100%.

Strategic initiatives and plans

• Focus on building a helium production company, with significant progress made within a year of IPO.

• Drilled two wells (Clink #1 and Darwin #1), acquired Weil #1 well and additional acreage.

• Plant construction nearly complete; production targeted by end of summer or early fall.

• Fast-tracked Rudyard project to production, with two wells drilled and a third planned for April 2025.

• Plans to expand to 6–8 production wells by end of 2026, self-financing growth through cash flow.