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Pulsar Helium Announces Update for Jetstream Well
Testing Program at Topaz, Minnesota
2025-06-17
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, Portugal, June 17, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a leading helium project development company, announces that the well clean up and ow testing program for the Jetstream #1 and #2 wells at the Company’s Topaz Project in Minnesota is to commence in mid-July and is scheduled to be completed in early-August. Drawing on research from geologically comparable settings, the Company has tailored its well clean-up procedure to ensure optimal results. The Company is funded for this work program and the data will provide signicant insights to the Topaz project’s production potential.
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Helium-Announces-Update-for-Jetstream-Well-Testing-Program-at-Topaz-Minnesota-2025.pdf
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Pulsar Announces Financial and Operating Results for the Six Months Ended March 31, 2025
Pulsar Helium Inc.
Thu, May 29, 2025 at 2:00 AM EDT
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, PORTUGAL / ACCESS Newswire / May 29, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), the helium project development company, is pleased to announce its financial and operating results for the six months ended March 31, 2025 (the "Period").
Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the Period, which are available on the Company's website at www.pulsarhelium.com and the Company's SEDAR+ profile at www.sedarplus.ca.
All figures are in US dollars ("US$") unless otherwise stated.
The Company's primary focus is the exploration and development of the Topaz Project, located in northern Minnesota, USA, close to the Canadian border. The Company's assets within the Topaz Project comprise leases of private mineral rights over a total of 5,979 gross acres in Minnesota, where the State of Minnesota passed new helium-targeted legislation in May 2024 providing increased certainty of developing the project. The Topaz Project comprises primarily helium (with the gas not being a by-product of hydrocarbon production), representing a more sustainable development project.
Operational Highlights in the Period
On January 13, 2025, the Company announced the successful completion of the deepening operation for the Jetstream #1 appraisal well. The drilling operation reached total depth ("TD") of 5,100 feet (1,555 metres) on January 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond.
On February 3, 2025, the Company announced the successful completion of a drilling operation at the Jetstream #2 appraisal well, reaching total depth of 5,638 feet (1,718 metres) on February 1, 2025. Mud log data reported helium levels up to 3.5%, which were proved to be contaminated with air and uncontaminated samples, once collected, are expected to report higher and truer levels.
On February 20, 2025, the Company announced that down-hole testing equipment is scheduled to mobilise to site on February 24, 2025. The tools consist of an optical televiewer and LithoScanner, both of which will be run on both the Jetstream #1 and #2 appraisal wells. These tests will further refine the Company's understanding of the reservoir properties and production potential.
On April 28, 2025, the Company announced that pressure and flow testing operations were conducted on the Jetstream #1 and Jetstream #2 appraisal wells with well-head pressure at both being highly encouraging, reaching 122 pounds per square inch gauge ("PSIG") at Jetstream #1 and 151 PSIG at Jetstream #2. Well-head pressure at Jetstream #2 is greater than Jetstream #1 was in February 2024 (145 PSIG) when it achieved a flow rate of 821,000 cubic feet per day, under well-head compression.
During flow testing activities, it was discovered that drilling fines (rock dust) created by the air drilling method (that pulverizes the rock) were present within fractures and partially coating the wellbore wall. The creation of drilling fines is commonplace when air drilling. Although gas flow may be restricted, pressure communication still occurs (albeit also constrained) which is why the Company was unaware of the restricted flow until testing commenced.
The Company has performed a preliminary clean-up on both wells to mobilise the drilling fines, achieving improved flow results, demonstrating that the drilling fines are mobile and can be removed. Despite the currently restricted conditions, stable and consistent flow rates were achieved with both wells flowing natural flow and on compression.
Further flow testing of both wells will commence when clean-up is complete and the drilling fines have been removed.
Financial Summary for the Period
Loss for the Period was $7,118,554 and comprises:
Administration costs of $1,955,208 (which includes non-cash share-based compensation of $299,943 and non-cash depreciation of $26,489).
Exploration and evaluation expenditures of $5,771,409 relate to the deepening of Jetstream #1 and drilling of Jetstream #2 at the Topaz project as described above.
Listing fees of $355,003 related to Admission.
A non-cash gain on revaluation of warrant liability of $963,006.
Funding and Cash Position: $1,659,888 at March 31, 2025.
On October 18, 2024, the Company's common shares commenced trading (the "Admission") on the AIM market of the London Stock Exchange plc ("AIM") under the symbol PLSR. Concurrent with Admission, the Company completed of a total gross funding of £5 million which included the £1.125 million cornerstone investment completed in August 2024.
On January 9 and March 21, 2025, the Company completed a brokered private placement, in two tranches, for gross proceeds of $2,427,498 which included participation from high net worth and institutional investors from the USA, including University Bancorp, Inc. ("University Bancorp") that now holds 4.93% of the issued and outstanding common shares of the Company.
In April 2025, the Company entered into a project financing facility line of credit note with University Bancorp, pursuant to which University Bancorp has extended the Company a $4,000,000 project finance facility (the "Facility"). In April and May, 2025, the Company drew, in aggregate, $2,000,000 of the Facility.
Selected Financial Results
Six months ended March 31, 2025
Six months ended March 31, 2024
Statement of Loss:
Revenue
$Nil
$Nil
Net loss $7,118,554
$20,092,828
Basic and diluted loss per common share
$0.06
$0.24
Financial Position:
Total assets
$ 2,941,370
$2,910,871
Total liabilities
$5,349,970
$15,247,063
* During the Period, the Company recorded a non-cash gain on revaluation of warrant liability of $963,066 (2024 - loss of $13,037,216)
Thomas Abraham-James, President & CEO of Pulsar, commented: "We are extremely encouraged by the progress made at the Topaz Project during the first half of 2025. The successful drilling and flow testing of both Jetstream #1 and #2 appraisal wells, along with the positive well-head pressures recorded, reinforce the significant potential of our Topaz primary helium project. With the support of recent project financing and ongoing technical advancements, Pulsar is well-positioned to unlock further value for our shareholders and advance towards sustainable helium production."
Marketing Engagement and Clarification on Marketing Engagement
The Company also announces the engagement of Oak Hill Financial Inc. (the "Oak Hill Engagement").
Oak Hill Financial Inc. ("Oak Hill") is a Toronto, Ontario, Canada based capital market advisory firm that provides advisory and capital markets services to private and public growth companies. The Company signed an agreement with Oak Hill on May 28, 2025, for a monthly fee of CAD$7,200, to be paid in cash, with the services commencing on June 2, 2025 (the "Effective Date"), and expiring 3 (three) months from the Effective Date, after which the agreement will renew on a month to month basis unless terminated by either party with five (5) days' notice. Oak Hill has advised the Company that it does not hold any securities of or other interest in the Company. Oak Hill and the Company are unrelated and unaffiliated entities.
The Oak Hill Engagement remains subject to the approval of the TSX Venture Exchange.
Further to the Company's news release dated April 7, 2025 which included an announcement of the Company's engagement of VSA Capital Limited ("VSA Capital"), the Company advises that it engaged VSA Capital on April 4, 2025, and not on April 1, 2025, as previously disclosed. The Company also clarifies that it paid VSA Capital the £5,000 annual cash fee in full and in advance of VSA Capital providing services to the Company. All other terms relating to the engagement between the Company and VSA Capital remain unchanged and are as previously disclosed.
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Person Signoff
In accordance with the AIM Note for Mining and Oil and Gas Companies, the Company discloses that Thomas Abraham-James, President, CEO and Director of the Company has reviewed the technical information contained herein. Mr. Abraham-James has approximately 20 years in the mineral exploration industry, is a Chartered Professional Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM CP (Geo)), a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London.
Forward-Looking Statements
This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the completion of the private placement, the independent resource estimate for helium and CO2 at Topaz; the potential of CO2 as a valuable by-product of the Company's future helium production; the potential impact of deepening Jetstream #1 and the potential impact of such deepening on the next iteration of the resource estimate; the potential impact of the results of Jetstream #2; and the potential for future wells. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates and the potential for delays in the commencement of drilling; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus dated July 31, 2023 filed on the Company's profile on www.sedarplus.ca. Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release and interview are expressly qualified in their entirety by this cautionary statement.
SOURCE: Pulsar Helium Inc.
https://finance.yahoo.com/news/pulsar-announces-financial-operating-results-060000896.html
Helium In The Headlines: Your Monthly Recap - Exploring Helium’s Role in Today’s World
Welcome to Pulsar Insights - your go-to source for fresh perspectives on how helium intersects with the latest global developments. Each week, we explore current news cycles and uncover where helium plays a role - whether front and centre or behind the scenes. From tech breakthroughs and space exploration to medical innovation, quantum computing, environmental sustainability, and critical minerals, helium’s impact is broader than you might think!
For your convenience see below summary of the most recent #PLSRINSIGHTS posts:
May 14, 2025 | Cryogenics Allow MIT Scientists to Capture the First Images of Quantum Interactions
'In a breakthrough that may define a new era in computing, MIT researchers have captured the first-ever images of quantum interactions - made possible by cryogenics. Using helium to cool their system to temperatures close to absolute zero, thermal noise is virtually eliminated, allowing sensors to operate with unprecedented precision, helping the team to unlock new levels of imaging clarity.'
Click to read article
May 7, 2025 | National Security Starts at Source: As Defence Budgets Soar, Helium Matters More Than Ever
'As global conflict escalates and alliances harden, national security strategies are being redrawn - not just around borders, but around supply chains.'
Click to read article
April 30, 2025 | From Marathons to Manufacturing: The Robotics Boom Relies on Helium
'As investment in robotics accelerates, helium is emerging as a critical enabler - especially in fast-growing areas like drone and automation startups, which have seen some of the biggest funding surges in the past quarter. In the three months to the end of March 2025, there were 34 CVC-backed deals worth a combined $1.3 billion - a 183% increase year-on-year, and the biggest jump of any industrial sub-sector.'
Click to read article
April 23, 2025 | As the White House Eyes Critical Raw Material Supply Chains, Pulsar is Well Positioned with Helium Assets in the USA and Greenland
'In a climate where the global helium supply chain is increasingly strained, location is everything. Pulsar’s footprint in two geopolitically aligned jurisdictions enhances its relevance - and its visibility. These locations provide rare exposure to helium-dependent markets across North America and Europe, adding operational resilience and market diversification at a time when both are in short supply.'
Click to read article
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I believe very little dilution will happen here to get this company up and running. I'm hearing banks will loan money to build the plant once the economic viability is done vs dilution. Good long term hold here in my opinion.
Pulsar Helium discusses test results and how it plans to improve helium flow rates at Topaz
Pulsar Helium Announces an Update for Well-Testing
at the Topaz Helium Project in Minnesota
2025-04-28
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA,
JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL
OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, Portugal, April 28, 2025 (GLOBE NEWSWIRE) --
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a primary helium
development company, announces an update for well-testing activities at Jetstream #1 and Jetstream #2 at its
agship Topaz project in Lake County, Minnesota.
Pressure and ow testing operations were conducted on the Jetstream #1 and #2 appraisal wells with well-head
pressure at both being highly encouraging, reaching 122 PSIG* at Jetstream #1 and 151 PSIG at Jetstream #2. Well-
head pressure at Jetstream #2 is greater than Jetstream #1 was in February 2024 (145 PSIG) when it achieved a ow
rate of 821,000 cubic feet per day, under well-head compression.
During ow testing activities, it was discovered that drilling nes (rock dust) created by the air drilling method (that
pulverizes the rock) were present within fractures and partially coating the wellbore wall. The creation of drilling
nes is commonplace when air drilling Although gas ow may be restricted, pressure communication still occurs
(albeit also constrained) which is why the Company was unaware of the restricted ow until testing commenced.
The Company has performed a preliminary clean-up on both wells to mobilise the drilling nes, achieving improved
ow results, demonstrating that the drilling nes are mobile and can be removed. Despite the currently restricted
conditions, stable and consistent ow rates were achieved under with both wells owing natural ow and on
compression.AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
pulsarhelum.com
Pulsar Helium Inc
Further ow testing of the Jetstream wells will recommence when clean-up of the wells is complete and the drilling
nes have been removed, all of which are anticipated to be completed in the next 6 - 10 weeks.
Thomas Abraham-James, President & CEO of Pulsar, commented:
“We are pleased with these preliminary ndings and look forward to being able to resume ow testing when the
rock dust has been removed from the wells. Our technical team is taking the necessary measures to complete the
clean-up and we will advise investors as soon as these works are complete and when testing will be resumed.”
*PSIG = Pounds per Square Inch Gauge. Indicating how much pressure is above or below the local atmospheric
pressure.
About the Topaz Project
The Topaz project is located in northern Minnesota, USA where Pulsar is the rst mover and holds exclusive leases.
Drilling at the Jetstream #1 appraisal well has now reached total depth (“TD”) of 5,100 feet (1,555 metres) on January
11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. The Jetstream #1
appraisal well previously reached TD of 2,200 feet (671 metres) on February 27, 2024, identifying top-tier helium
concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO concentrations
exceeding 70% - with the latter expected to further contribute to the project economics. Drilling of, the Jetstream #2
appraisal well was completed on February 1, 2025, reaching a TD of 5,638 feet (1,718 metres). The deepening of
Jetstream #1 and completion of the drilling of Jetstream #2 are pivotal steps in advancing Pulsar’s strategy to
address the increasing global demand for helium as the Company moves another step closer to production.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
2AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
pulsarhelum.com
Pulsar Helium Inc
https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin Partners LLP, a rm incorporated in the United Kingdom and
regulated by the UK Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX
Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of
its agship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the rst
mover in both locations with primary helium occurrences not associated with the production of hydrocarbons
identied at each.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is dened in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking StatementsAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
pulsarhelum.com
Pulsar Helium Inc
This news release and the interview contains forward-looking information within the meaning of Canadian
securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations
and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or performance (often, but not always, through the use of words or
phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates",
"believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not
historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not
limited to, statements relating to the completion of the ow testing and pressure build up tests of Jetstream #1 and
Jetstream #2, the timing of completion of the ow testing and pressure testing; the potential impact of the drill
results, ow testing and pressure testing on the deepening of Jetstream #1, the drilling Jetstream #2 on the next
iteration of the resource estimate; the potential of CO as a valuable by-product of the Company’s future helium
production; and the potential for future wells. Forward-looking statements may involve estimates and are based
upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost
estimates, management's expectations regarding the availability of capital to fund the Company's future capital and
operating requirements and the ability to obtain all requisite regulatory approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early
stage of development. The future value of the Company is therefore dependent on the success or otherwise of its
activities, which are principally directed toward the future exploration, appraisal and development of its assets, and
potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes
have been dened at the Topaz Project. However, estimating helium volumes is subject to signicant uncertainties
associated with technical data and the interpretation of that data, future commodity prices, and development and
operating costs. There can be no guarantee that the Company will successfully convert its helium volume to
reserves and produce that estimated volume. Estimates may alter signicantly or become more uncertain when
new information becomes available due to for example, additional drilling or production tests over the life of eld.
As estimates change, development and production plans may also vary. Downward revision of helium volume
estimates may adversely aect the Company's operational or nancial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice.
These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be
inaccurate and require adjustment or, even if valid when originally calculated, may alter signicantly when new
information or techniques become available. As further information becomes available through additional drilling
and analysis the estimates are likely to change. Any adjustments to volume could aect the Company's exploration
and development plans which may, in turn, aect the Company's performance. The process of estimating helium
2AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
pulsarhelum.com
Pulsar Helium Inc
resources is complex and requires signicant decisions and assumptions to be made in evaluating the reliability of
available geological, geophysical, engineering, and economic date for each property. Dierent engineers may make
dierent estimates of resources, cash ows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the
Company's control, which could cause actual results and events to dier materially from those that are disclosed in
or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that
Pulsar may be unsuccessful in completing the ow testing and pressure testing of Jetstream #1 and Jetstream #2, in
drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting
exploration, including that ow-testing, pressure testing and drill costs may be higher than estimates ; commodity
prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary
Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the AIM
Admission Document published on October 14, 2024 found on the Company’s web site at
https://pulsarhelium.com/investors/aim-rule-26/default.aspx.
Forward-looking statements contained in this news release are as of the date of this news release, and the
Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by law. New factors emerge from time to time,
and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent
to which any factor, or combination of factors, may cause results to dier materially from those contained in any
forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be
correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-
looking statements contained in this news release are expressly qualied in their entirety by this cautionary
statement.
Source: Pulsar Helium
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Helium-Announces-an-Update-for-Well-Testing-at-the-Topaz-Helium-Project-in-Minnesota-2025.pdf
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A well designed and informative website. Very professional!!!
Looks like Pulsar has a new website:
https://pulsarhelium.com/overview/default.aspx
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53% of the shares are out of the public's hands as it stands today with 7 large investors. This is a good long term hold here as big money is involved.
Pulsar Helium timeline looks at production in 2028
02/22/2025 08:00 AM
Pulsar Helium Inc. has released a three year timeline with production possibly starting 2028.
In 2026 the company would reach a final investment decision and initiate DNR permitting assuming final legislation has passed.
In 2027 Pulsar would hire 14-24 people and look to complete a modular processing facility at Chart Industries that would process crude helium and beverage grade CO2. Breaking ground on a processing facility would take place in the fourth quarter of 2027.
In 2028 the company could reach production of helium and CO2 with a three phase powerline and the reconstruction of Forest Road 112 to Highway 2 completed.
Pulsar announced that down-hole testing equipment is scheduled to mobilize to site on Monday, Feb. 24. The tools consist of an optical televiewer and LithoScanner, both of which will be run on both the Jetstream #1 and #2 appraisal wells.
The data collection process, expected to take approximately two days, will provide valuable insights into reservoir characteristics.
Jetstream #1 was deepened to a total depth (TD) of 5,100 feet (1,555 meters), while Jetstream #2 reached a TD of 5,638 feet (1,718 meters).
Jetstream #1 has had helium readings of up to 14.5 percent, one of the highest percentage finds in the world.
Flow rate and bottom-hole pressure testing will occur in March 2025 once well head pressures are anticipated to have stabilized. The flow testing will be conducted over a period of up to two weeks for each well.
All data will then be sent to an independent resource estimator for a resource update, and to Chart Industries for production scenario assessment and conceptual processing facility design.
Pulsar has captured the attention of regional officials with its discovery of vast helium deposits near Babbitt, and the prospect of new era of mining - and new jobs - in the region.
Pulsar has received initial approval and permitting for exploration, which is continuing, and further work is planned through 2025.
ACTIVITY at the Pulsar Helium site has picked up this winter with additional testing being done at the site east of Babbitt near Highway 2.
https://www.elyecho.com/article/2685,pulsar-helium-timeline-looks-at-production-in-2028
Weekly Chart
2025 Annual and Special Meeting
To be held Friday, May 2, 2025
https://central.proxyvote.com/pv/agnfwd/en_ca;jsessionid=2C96C884EDE645ADAC767B6AAD064DEF
Potentially larger helium deposit than first thought near Babbitt.
https://thetowernews.com/potentially-larger-helium-deposit-than-first-thought-near-babbitt/
To the best of my Knowledge they have the 5000 acres in northern MN and an area in Greenland. The spot in MN could be the biggest find of helium in the world.
Just started my research here...the latest presentation shows a small 5,000 acre lease in Minnesota
Is this the extent of their resource in North America?
tia,futr
Possibility? It's going to be one of, if not the largest concentration of Helium mines in the World! Go back and read all of the previous news releases and the background experiences of Management and get ready to be blown away.
Pulsar Announces The Commencement Of Well-Testing At The Topaz Helium Project In Minnesota
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce the commencement of well-testing activities at Jetstream #1 and Jetstream #2 at its flagship Topaz project in Lake County, Minnesota.
Well-testing activities are expected to occur in two sequential phases, the initial phase will focus on flow testing at the Jetstream #1 and Jetstream #2 appraisal wells, followed by a second phase of extended pressure build-up monitoring.
The initial phase of flow testing began on April 1, 2025, and is expected to continue over approximately four weeks.
The second phase will consist of extended pressure build-up monitoring through the end of June 2025.
The well-testing program data is needed to prepare a resource update.
Thomas Abraham-James, President & CEO commented: “The commencement of well-testing activities at the Jetstream #1 and #2 wells at our Topaz helium project in Minnesota is a significant milestone. Flow, pressure and gas sample data will be collected and will build upon the drilling success achieved at Topaz to date. We look forward to keeping the market updated with progress.”
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Helium-Announces-the-Commencement-of-Well-Testing--at-the-Topaz-Helium-Project-in-Minnesota-2025.pdf
Possibility of Helium in high concentrations has caught my attention-
futr
Im loaded up on this. It just seems too good to be true
I agree, I think some investors are likely waiting for the test results that they are performing over the next two weeks.
Everything seems to indicate that this is going to be a grand slam home run. I'd be interested in hearing of any concerns anyone has that I'm not seeing.
My company is doing a job next to Chart Industries, I wanted to walk into their office and tell them to get going building the Topaz plant! Haha I'll be buying more over the next couple weeks and then a long term hold here.
It will be interesting to see how the test that start March 29th and go for a couple weeks turns out. You'll want a position by then, unless it turns out really bad haha. It has potential for 10x from where we are today if them tests come back positive.
NEWS RELEASE
Pulsar Helium Announces Project Finance Facility and Closing of Final Tranche of Private Placement
2025-03-24
CASCAIS, PORTUGAL / ACCESS Newswire / March 24, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce that University Bancorp, Inc. has signed a term sheet to extend a US$4 million Project Finance facility to Pulsar's wholly owned Minnesota operating subsidiary, Keewaydin Resources, Inc. ("Keewaydin") in the form of a line of credit (the "Facility"). The Facility will be guaranteed by Pulsar and secured by a pledge of all of the shares of Keewaydin and a first lien on all assets of Keewaydin. The Facility will mature on March 31, 2026, and will bear interest on any amount drawn at 12% per annum. A utilization fee of 2% will be charged on the balance of any draws on the Facility, however such fees shall be reimbursable by Keewaydin at maturity. Keewaydin will draw funds from the Facility as needed to fund operational activities on Pulsar's Topaz helium project ("Topaz") in the near term.
The Facility is subject to the execution of definitive documentation and certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange, if required.
With positive drilling results to date at Topaz and imminent flow testing of the two Jetstream wells, the Company has re-evaluated the need to raise additional equity capital at this point. Contractors have confirmed their availability to mobilize to Topaz and commence flow testing of the Jetstream #1 and #2 wells on or around March 29, 2025, with each well to be flowed for a period of approximately two weeks. At the same time, uncontaminated gas samples will also be collected from each well and sent for laboratory analysis.
In addition, on March 21, 2025, the Company closed the second and final tranche (the "Final Tranche") of the brokered private placement (the "Private Placement"), previously announced on December 30, 2024, January 10, 2025, and February 19, 2025 through the issuance of 1,124,994 new common shares ("Common Shares") (the "Offered Shares"), at a purchase price of US$0.38 per Offered Share (equivalent to approximately C$0.55 / GBP0.30) for gross proceeds of US$427,498. Together with the First Trance, the Company raised a total of US$2,427,498 gross proceeds and issued a total of 6,388,154 new Common Shares pursuant to the Private Placement.
In connection with the Final Tranche, the Company paid a cash fee of US$25,650 to its Co-Placing Agent, University Bank.
The Offered Shares issued in connection with the Final Tranche are subject to a four-month and one day hold period.
Thomas Abraham-James, President & CEO of Pulsar Helium, commented:
"We welcome the Project Finance transaction for our Topaz helium project in Minnesota. This provides the working capital required to advance the project and avoids additional shareholder dilution. Initial drilling results at Topaz have been positive, and the upcoming flow tests on both Jetstream wells mark an exciting milestone as we move closer to our goal of helium production."
Admission to AIM and Total Voting Rights
Application is being made to the London Stock Exchange plc for the admission of the 1,124,994 Offered Shares issued pursuant to the Final Tranche to be admitted to trading on AIM, which is expected to occur and dealings commence at 8.00 a.m. on or around March 27, 2025. The Offered Shares will rank pari passu with the Company's existing Common Shares.
On Admission, the total number of Common Shares in issue will be 133,692,971 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.
About the Topaz Project
The Topaz project is located in northern Minnesota, USA where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well has reached total depth (TD) of 5,100 feet (1,555 metres) on January 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. The Jetstream #1 appraisal well previously reached TD of 2,200 feet (671 metres) on February 27, 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO2 concentrations exceeding 70% - with the latter expected to further contribute to the project economics. In addition, the Jetstream #2 appraisal well was completed on February 1, 2025 reaching a TD of 5,638 feet (1,718 metres) The deepening of Jetstream #1 and completion of the drilling of Jetstream #2 are pivotal steps in advancing Pulsar's strategy to address the increasing global demand for helium as the Company moves another step closer to production.
https://finance.yahoo.com/news/pulsar-helium-announces-project-finance-060000783.html
Thanks Blue
They are running tests this month. Click on the link
I don't have a position here yet, but this could be an interesting play. I see they don't expect to extract any helium until 2028, is it to early to be in?
Excellent!!!
Second hole big success
https://www.voxmarkets.co.uk/rns/announcement/29ca6d96-bce3-4db4-8416-7ac3bd2f1efb/
NEW PRAGUE, Minn. — Experts call an accidental discovery on the Iron Range one of the most significant helium reservoirs in the world.
WCCO visited the site in Babbitt in February 2024 to see the underground mine.
This summer, engineers at Pulsar Helium hope to start building a plant that will extract helium gas and store it on the surface.
That's where Chart Industries, based in New Prague, comes in.
"As the gas comes out of the ground, the next stage is refining that gas and creating a pure helium product, and that's the equipment provided here by Chart, and then the storage tanks will store the helium before it goes off to where the customers need it to be," said Thomas Abraham James, chief executive with Pulsar Helium.
Organizers already have an idea of what the layout of the plant will look like.
"The tanks would be right next to the production facility, so right there onsite near the well heads and maybe two to four to start off with," he said.
The cost to design and build the plant in Babbitt could be up to $50 million.
Helium is a $3 billion industry, and blimps and balloons aren't the markets inflating that price. It's used in rockets, aerospace, semiconductors, welding and MRI machines.
When compressed into a liquid, helium is the safest and most efficient coolant around. It takes some special tanks to keep it that way. Liquid helium is around 450 degrees below zero.
"There's walls within, so double-walled insulation, with super insulation in between, and vacuum-pressured tanks and that's what helps keep that gas a liquid at supercritical cold temps," Amy George with Chart Industries said.
Chart is expected to complete its design for the plant this spring, and it could be up and running by the summer of 2026.
CBS News : Video at link
https://www.cbsnews.com/minnesota/news/new-prague-helium-plant-iron-range-babbitt/
Another update (Jan 17, 2025)
https://finance.yahoo.com/news/pulsar-helium-commences-drilling-jetstream-070000561.html
Pulsar Helium Announces Successful Completion of
Deepening of the Jetstream #1 Appraisal Well, Topaz
Project, Minnesota, USA
2025-01-13
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, Portugal, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF)
(“Pulsar” or the “Company”), a leading helium project development company, is pleased to announce the successful completion of the deepening operation for the Jetstream #1 appraisal well, that previously owed up to 14.5% helium concentration, at its agship Topaz Project in Minnesota, USA. The drilling operation reached Total Depth (TD) of 5,100 feet (1,555 metres) on January 11 , 2025, successfully penetrating the entire interpreted helium- bearing reservoir and beyond.
Key Achievements
Successful Deepening: Jetstream #1 reached its target depth of 5,100 feet on January 11 , 2025.
Expanded Reservoir: Initial data supports the Company’s interpreted larger helium-bearing reservoir zone with multiple helium zones encountered throughout the deepening operation from 2,200 feet to 5,100 feet. Promising Helium Readings: Mud log gas levels containing up to 7.24% helium were encountered during drilling. These samples are diluted by atmospheric air due to the rotary air drilling method used and unaected samples for laboratory analysis will be acquired in due course.
Comprehensive Data Collection: Down-hole wireline logging data was acquired over January 11 -12 , this th thAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
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Pulsar Helium Inc
data will be integrated with additional downhole data that will be acquired over the coming weeks.
Next Steps: Additional data collection, including optical televiewer, pressure, and ow testing, will be
conducted after the completion of drilling of Jetstream #2.
Jetstream #2 Preparation: The drill rig is now moving onto the Jetstream #2 pad, with spudding anticipated around January 17 , 2025.
Thomas Abraham-James, President & CEO of Pulsar Helium, commented on the drilling:
"The deepening of the Jetstream #1 well has been a resounding success, exceeding our expectations and reinforcing our condence in the Topaz Project's potential. The expanded reservoir height and encouraging helium readings are testament to the quality of our geological model and the expertise of our team. As we move forward with Jetstream #2 and additional testing, we are increasingly optimistic about the project's ability to contribute signicantly to the global helium supply chain. This success not only validates our exploration strategy but also positions Pulsar Helium as a key player in addressing the critical demand for helium in various high-tech industries."
Expanded Reservoir Potential
The deepening operation has revealed promising indications of an expanded helium-bearing reservoir. Multiple helium-bearing zones have been identied in the interpreted geophysical anomaly over the interval from 1,750 – 5,100 feet, representing a signicant potential increase in reservoir height over previous estimates. The increased reservoir thickness potentially enhances the project's resource potential and underscores the value of the Topaz Project.
Ongoing Analysis and Testing
Pulsar Helium is currently conducting a thorough analysis of the down-hole wireline logging data collected from Jetstream #1. Additional testing, including optical televiewer and pressure/ow assessments will be gathered after completion of the drilling of Jetstream #2, scheduled for early March, and will further rene the Company's understanding of the reservoir's properties and production potential.
Looking Ahead: Jetstream #2
Building on the success of Jetstream #1, Pulsar Helium is preparing to commence drilling operations for the step-out well, Jetstream #2. This well is scheduled to spud on or around January 17 , 2025, and is planned to reach a depth of at least 5,000 feet. Jetstream #2 will play a crucial role in delineating the characteristics of the helium-bearing reservoir and further validating the project's potential.
Strategic Signicance
The Jetstream #1 appraisal well previously reached total depth (TD) of 2,200 feet (671 metres) on February 27, 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO concentrations exceeding 70% - with the latter expected to further contribute to the project economics. The deepening of Jetstream #1 is a pivotal step in advancing Pulsar’s strategy to address the increasing global demand for helium as the Company moves another step closer to production. The deepening of Jetstream #1 will target the full height of the helium reservoir, guided by insights from recently acquired geophysical data, previous drilling data, and onsite testing.
This news release does not constitute an oer to sell or a solicitation of an oer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be oered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301
+44 (0) 2033 55 9889
Strand Hanson Limited
2AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
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Pulsar Helium Inc
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Helium-Announces-Successful-Completion-of-Deepening-of-the-Jetstream-1-Appraisal-Well-Topaz-Project-Minnesota-USA-2025.pdf
Pulsar Helium Announces Drilling Has Commenced at the Jetstream #1 Appraisal Well, Topaz Project, Minnesota, USA 2025-01-06
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE,
CASCAIS, Portugal, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF)
(“Pulsar” or the “Company”), a leading helium project development company, announces that drilling for the deepening of the Jetstream #1 appraisal well commenced at 6:00PM (central time) on January 2 , 2025, at its agship Topaz Project in Minnesota (“Topaz” or the “Project”). As part of this crucial phase, Pulsar plans to deepen the Jetstream #1 appraisal well by a minimum of 1,640 feet (500 metres), to a total depth of no less than 3,840 feet (1,170 metres) which is anticipated to be completed later this week. Upon completion, a series of downhole tools will be used to gather data on the well characteristics.
Highlights
Drilling: Deepening of Jetstream #1 is underway and anticipated to be completed later this week. On site are the same Capstar crew and rig used to drill Jetstream #1 in February, 2024.
Downhole testing: Open-hole wireline logging will commence immediately upon the completion of drilling.
Flow testing will occur at a later time when the well pressure has stabilised.
Step out well: The drill pad for the step out well, Jetstream #2, is complete and the conductor rig is scheduled to install the conductor by the end of January 8 .
nd thAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
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Pulsar Helium Inc
Thomas Abraham-James, President & CEO of Pulsar, commented on the commencement of drilling:
“Deepening of the Jetstream #1 well has commenced and is progressing extremely well. The assessment of the full height of the previously discovered high helium concentration reservoir is a key stage in progressing Topaz.
Previous drill data obtained in February 2024 indicated that we only reached the top of the reservoir and that it may extend for a further 1,640 feet. Immediately upon completion we will run down-hole tools, and I look forward to keeping the market updated with our progress.”
Strategic Signicance
The Jetstream #1 appraisal well previously reached total depth (TD) of 2,200 feet (671 metres) on February 27 , 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO concentrations exceeding 70% - with the latter expected to further contribute to the project economics. The deepening of Jetstream #1 is a pivotal step in advancing Pulsar’s strategy to address the increasing global demand for helium as the Company moves another step closer to production. The deepening of Jetstream #1 will target the full height of the helium reservoir, guided by insights from recently acquired geophysical data, previous drilling data, and onsite testing.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301
+44 (0) 2033 55 9889
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Helium-Announces-Drilling-Has-Commenced-at-the-Jetstream-1-Appraisal-Well-Topaz-Project-Minnesota-USA-2025.pdf
Weekly Chart
Pulsar Helium Commences Field Activities for Deepening the Jetstream #1 Appraisal Well at the Topaz Project in Minnesota, USA
2024-12-09
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, Portugal, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF)
(“Pulsar” or the “Company”), a leading helium project development company, announces the commencement of field activities at its fagship Topaz Project in Minnesota (“Topaz” or the “Project”). The Company reports that personnel and equipment have begun arriving on-site, with deepening of the Jetstream #1 appraisal well set to commence when all equipment is on site and scheduled to conclude before the Christmas holiday. As part of this crucial phase, Pulsar plans to deepen the Jetstream #1 appraisal well by a minimum of 1,640 feet (500 metres).
Highlights
Field mobilisation: Personnel and equipment started arriving on-site on the 7 of December.
Drilling schedule: The deepening of the Jetstream #1 appraisal well is scheduled to begin when the rig and all associated equipment is on site and conclude prior to the Christmas holiday.
Well extension: Pulsar aims to deepen the Jetstream #1 well by a minimum of 1,640 feet (500 metres),
penetrating the entire modelled helium-bearing reservoir.
Data acquisition: A mass spectrometer will be acquiring gas compositional data throughout the drilling with wireline log acquisition to occur immediately upon completion of drilling. thAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
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Pulsar Helium Inc
Site preparedness: The Jetstream #1 drill pad is fully prepared and permitted.
Continuous operations: Comprehensive site upgrades are completed, allowing continuous drilling and access to support ancillary activities throughout December and into 2025.
Thomas Abraham-James, President & CEO of Pulsar, commented on the recent development at the Topaz Project:
“Deepening Jetstream #1 is a major step forward for Pulsar. The February 2024 well that was drilled within the prospect did not reach the desired depth owed concentrations that are extremely high by global standards, signicantly surpassing the commonly accepted economic viability threshold. During this deeper drilling phase, we plan to build on this and unlock a helium resource of size and quality to advance our goal to become a signicant helium supplier. “I look forward to updating our shareholders on the drilling results in the near future.”
Subscribe and watch today's live Interview with Pulsar’s President & CEO Thomas Abraham-James, streamed on investormeetcompany.com at 13:00GMT: investormeetcompany.com/pulsar-helium-inc-1/register Strategic Signicance
The Jetstream #1 appraisal well previously reached total depth (TD) of 2,200 feet (671 metres) on the 27 of February 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO concentrations exceeding 70% - with the latter expected to further contribute to the project economics. The deepening of Jetstream #1 is a pivotal step in advancing Pulsar’s strategy to address the increasing global demand for helium as the Company moves another step closer to production. The deepening of Jetstream #1 will target the full height of the helium reservoir, guided by insights from recently acquired survey data, previous drilling phases, and onsite testing.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
th2AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
Pulsar Helium Inc
+ 1 (218) 203-5301
+44 (0) 2033 55 9889
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin Partners LLP, a rm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its agship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the rst mover in both locations with primary helium occurrences not associated with the production of hydrocarbons
identied at each.
For further information visit:
Website https://pulsarhelium.comAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
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Pulsar Helium Inc
X https://x.com/pulsarhelium
LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is dened in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates",
"believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the results of drilling, results of an updated independent resource estimate for helium and CO2 at Topaz; the potential of CO2 as a valuable by-product of the Company's future helium production; the estimated Geological Chance of Success for Prospective Resources and the Chance of Commerciality of Topaz; the potential impact of deepening Jetstream #1 and the potential impact of such deepening on the next iteration of the resource estimate; the expected timing to commence drilling; and the potential for future wells. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating
requirements and the ability to obtain all requisite regulatory approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been dened at the Topaz Project. However, estimating helium volumes is subject to signicant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter signicantly or become more uncertain when
new information becomes available due to for example, additional drilling or production tests over the life of eld.AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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Pulsar Helium Inc
As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely aect the Company's operational or nancial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter signicantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could aect the Company's exploration and development plans which may, in turn, aect the Company's performance. The process of estimating helium resources is complex and requires signicant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash ows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to dier materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates and the potential for delays in the commencement of drilling; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the AIM Admission Document published on October 14, 2024 found on the Company’s web site at https://pulsarhelium.com/investors/aim-rule-26/default.aspx.
Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to dier materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward- looking statements contained in this news release are expressly qualied in their entirety by this cautionary
statement.AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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Source: Pulsar Helium
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Pulsar Partners with Leading Space Balloon Launch
Company to Champion University Science
Programmes
2024-11-22
CASCAIS, Portugal, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF)
("Pulsar" or the "Company"), the helium project development company, is pleased to announce a partnership with Send My Stu To Space Ltd (“SMSTS”). Pulsar’s in-house initiative ‘Pulsar Scholars’, the quarterly bursary programme designed to support students in higher-education studying Science, Technology, Engineering and Mathematics (“STEM”), will partner with SMSTS’s Academic Space Programme which is designed to give students an opportunity to test their science projects at altitude.
SMSTS deploys helium and hydrogen lled biodegradable natural latex space balloons, providing suborbital ights into the upper stratosphere (at an altitude of approximately 130,000 feet above sea level). The environment in the middle segment of the near-space, upper stratosphere, 30–48 kilometres above sea level, is similar to the
environment on the surface of Mars: dry, cold, hypobaric pressure, and exposed to high doses of UV irradiation, making it ideal for students looking to test cube satellites and other scientic and technological experiments for durability.
Highlights
The bursary funds of US$2,500 provided quarterly by the Pulsar Scholars initiative to STEM students will be used to pay SMSTS to test student projects and experiments in suborbital conditions.
This partnership will provide students with reliable, proven, and sustainable test ights at heavily discounted rates for educational missions.AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal connect@pulsarhelium.com
Pulsar Helium Inc
By covering the full cost of the ight, the bursary ensures students have access to the resources and support they need to advance and test their projects eectively. Marc Farrington, Pulsar’s Head of PR & Partnerships commented: “Our in-house outreach initiative, Pulsar Scholars, has been providing quarterly bursaries of US$2,500 to support higher education students pursuing STEM subjects
since 2023. Through our partnership with SMSTS, Pulsar Scholars will support their Academic Space Programme giving students an opportunity to test and validate the durability of their projects in one of the world’s most extreme environments.”
The Partnership
As SMSTS transitions from hydrogen-lled space balloons to align more closely with best practices in ballooning, primary helium is becoming the preferred lifting gas for its suborbital ights, oering sustainability on par with hydrogen.
SMSTS is expanding its Academic Space Programme, oering students the opportunity to test their science projects at high altitudes. Recognising the vital role of higher education in advancing scientic discovery, Pulsar, a science-focused company, has introduced the Pulsar Scholars initiative to support cutting-edge student projects. As part of this initiative, Pulsar will award quarterly bursaries of USD$2,500 to STEM students seeking to test their projects and experiments in suborbital conditions. The bursary funds will be used by students to pay SMSTS, which provides reliable, proven, and sustainable test ights at heavily discounted rates for educational missions. By covering the full cost of the ight, the bursary ensures students have access to the resources and support they need to advance
and test their projects eectively.
About Send My Stu to Space Ltd
Founded by a team of educators, professors, and scientists passionate about making the wonders of spaceight accessible to young people, SMSTS has established itself as a leader in educational space balloon ights. With hundreds of sustainable ights completed and a awless 100% client payload recovery rate, the SMSTS operates under strict regulations set by the Federal Aviation Administration (“FAA”) and adheres to the Code of Federal Regulations (“CFR”). Trusted by prominent brands such as Mastercard, Oreo, Sony, Movember, and Canterbury, aswell as launching with sta and students from top universities like the University of Maine, a renowned public land-grant research institution, and Middlebury College, one of the prestigious “Little Ivies,” SMSTS continues to uphold its reputation for innovation and excellence.AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal connect@pulsarhelium.com
Pulsar Helium Inc
For more information, visit: https://sendmystutospace.com/
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its agship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the rst mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identied at each.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301
+44 (0)2033 55 9889
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said IzagarenAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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Pulsar Helium Signs Agreement With Chart Industries
for Helium and CO2 Capture And Production
2024-11-20
CASCAIS, Portugal, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF)
("Pulsar" or the "Company"), the helium project development company, is pleased to announce that its wholly owned Minnesotan subsidiary, Keewaydin Resources Inc., has signed an agreement (the “Agreement”) with Earthly Labs, a subsidiary of Chart Industries (NYSE: GTLS, market capitalisation approx. USD$7.1 billion), a leading supplier of industrial gas processing plant and equipment. The Agreement outlines a procurement roadmap, specic to Pulsar's needs, and facilitates access to advanced gas processing technologies, including helium and carbon dioxide capture, essential for servicing a potential production scenario at Pulsar's agship Topaz project in Minnesota ("Topaz").
The Agreement sets out the following principal terms for how the parties could work together, which would befurther detailed in a master services agreement to be entered into:
Pulsar would agree to purchase the Chart carbon capture solution to capture helium and CO from Topaz, allowing Pulsar to monetise these products, whilst also reducing its emissions Under the terms of the agreement, Chart will complete engineering studies and provide helium and CO plant and storage recommendations for Pulsar Thomas Abraham-James, President & CEO of Pulsar, commented: “We are thrilled to have signed an Agreement with Chart Industries, the gold standard when it comes to gas processing equipment. We look forward to working towards the signing of a master service agreement and utilising this impressive cutting-edge technology. This development is one of great signicance for Pulsar, as it is in line with our commitment to realise production at 2
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Topaz whilst monetising both its helium and CO products, all while reducing emissions. The additional benet of Earthly Labs and Chart carrying out engineering studies means that we will reduce third-party costs, while reducing risk and time-to-value.”
Details of the Agreement
The Agreement states that Keewaydin Resources Inc. and Earthly Labs will work together to enter into a binding agreement under which Earthly Labs will sell its CiCi (Elm) carbon capture solution to Keewaydin Resources Inc. The CiCi (Elm) solution includes CO capture, purication and liquefaction technology, commissioning, and training. Under the terms of the Agreement, Earthly Labs will complete an engineering study for a CO plant, which will include P&ID and heat, material balance and helium recoveries. Chart will provide recommendations on a helium plant design and CO storage tanks made in Minnesota.
About Chart Industries
Chart Industries is a leading global manufacturer of highly engineered equipment for the energy and industrial gas sectors, oering innovative solutions across the entire liquid gas supply chain. The company excels in developing cutting-edge technologies for gas processing, including helium liquefaction and carbon dioxide capture and utilisation.
Chart's acquisition of Cryo Technologies has signicantly enhanced its capabilities in helium processing, enabling the company to provide complete solutions for liquefying, storing, distributing, and marketing helium, regardless of plant capacity. Their helium liquefaction systems utilise advanced vacuum cold box technology and proprietary processes to achieve unparalleled performance and quality. In the realm of carbon dioxide, Chart oers award- winning technologies through its Sustainable Energy Solutions (SES) and Earthly Labs acquisitions, capable of capturing CO emissions from hard-to-abate industries and converting them into puried, liquid CO for reuse or resale.
With a strong commitment to innovation, environmental responsibility, and a global presence spanning over 65 manufacturing locations, Chart Industries proves to be an invaluable partner in gas processing, oering comprehensive, ecient, and sustainable solutions tailored to meet the evolving needs of the industry.
About the Topaz Helium Project
2 2AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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The Jetstream #1 appraisal well was drilled at the Company’s Topaz Helium Project in Minnesota, USA in February 2024. The well successfully owed helium-bearing gas to surface, with helium concentrations in the range of 8.7 – 14.5%. Following the successful drilling and testing of Jetstream #1, the Company intends to maintain momentum and has accordingly signed a new drilling contract with Capstar Drilling to deepen the well by approximately 500m to fully penetrate the entire interpreted helium-bearing zone. The rig is scheduled to commence drilling in December 2024 with all necessary site improvements and permits in place.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its agship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the rst mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identied at each.
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301
+44 (0)2033 55 9889
Strand Hanson Limited
(Nominated & Financial Adviser and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay LtdAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
pulsarhelium
Pulsar Helium Inc
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin Partners LLP, a rm incorporated in the United Kingdom and
regulated by the UK Financial Conduct Authority.
Chart Industries Investor Contact:
John Walsh
SVP, Investor & Government Relations
770-721-8899
john.walsh@chartindustries.com
For further information visit:
https://pulsarhelium.com
X https://x.com/pulsarhelium
LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is dened in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Pulsar Helium
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Pulsar Helium Completes Key Site Improvements At
Topaz Project, Setting Stage For Next Phase Of
Drilling
2024-11-04
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED,
DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES
LAWS OR REGULATIONS.
CASCAIS, PORTUGAL / ACCESSWIRE / November 4, 2024 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF)
("Pulsar" or the "Company"), the helium project development company, is pleased to provide an operational update
on the Topaz Project in Minnesota ("Topaz" or the "Project"), where site improvements have now been completed,
paving the way for a step forward in the Company's helium exploration and production strategy.
With the recent upgrades to site access, roadways, and drill pad setup, Pulsar is on track to deepen the Jetstream
#1 well to further explore and unlock the resource potential at Topaz, marking a pivotal step forward in its strategy
to address the growing global demand for helium.
OPERATIONAL HIGHLIGHTS
New Drilling Contract Signed: Following the announcement on 1 October 2024, Pulsar will partner with
Capstar Drilling to deepen the Jetstream #1 well by approximately 500 metres to reach the anticipated full
height of the helium reservoir.
Roadway Enhancements: Sections of the Project's main access road have been modied for all weather
access to support operational trac for year-round operations. This roadwork completion allows for theAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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mobilisation of the Capstar drill rig in non-frozen conditions. Further access improvements are scheduled to
take place in late November, in anticipation of increased trac levels during the winter operational period.
Drill Pad Ready: The Jetstream #1 drill pad is fully prepared and ready to accept the drilling rig and ancillary
equipment which is anticipated to begin arriving to site during the rst week of December.
Advancing Helium Production Potential
The Topaz Project, located in Minnesota, USA, is Pulsar's agship project and a cornerstone in its strategy to boost
helium supply to the domestic market. One well has been drilled to date with additional deeper targets identied
on recently acquired geophysical data. The deepening of the Jetstream #1 well is poised to identify further high-
grade helium.
With all relevant permits for the Jetstream #1 well deepening in place, Pulsar is on target to commence drilling
operations this quarter, positioning Topaz to play a transformative role in the global helium landscape.
Thomas Abraham-James, President & CEO of Pulsar, commented:
"Deepening Jetstream #1 is an exciting step forward for Pulsar. Our team has worked tirelessly to progress
operations at Topaz, so we can fully understand its scale. Only one well has been drilled within the prospect, which
has not yet met target depth, but has owed concentrations that are considered very high by global standards,
signicantly surpassing the commonly accepted economic viability threshold. During the deeper drilling phase, we
hope to build on this, and unlock a helium resource of size and quality, to advance our goal to become a premier
helium supplier.
"This next drilling phase oers an unprecedented opportunity to unlock the district-scale opportunity oered by
Topaz. We've seen other projects achieve signicant gains in resource size and ow rates through similar deepening
eorts, and combined with our data, and our existing high concentration credentials, we believe Jetstream #1 can
stand as a top-tier helium production site worldwide."
Strategic Advantages of High-Grade Helium
Topaz's high-grade helium concentrations enable Pulsar to maintain resilience in the face of market uctuations, as
higher-concentration deposits require less overall volume of raw gas to be processed for economically viable
production. This focus on eciency enhances protability and solidies Pulsar's competitive edge within a volatileAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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market.
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Strand Hanson Limited
(Nominated & Financial Adviser and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin Partners LLP, a rm incorporated in the United Kingdom and
regulated by the UK Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of the London Stock Exchange and the
TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio
consists of its agship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is
the rst mover in both locations with primary helium occurrences not associated with the production of
hydrocarbons identied at each. For further information visit https://pulsarhelium.com, XAIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal
connect@pulsarhelium.com
pulsarhelium.com
pulsarhelium
Pulsar Helium Inc
https://x.com/pulsarhelium and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is dened in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release and the interview contains forward-looking information within the meaning of Canadian
securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations
and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or performance (often, but not always, through the use of words or
phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates",
"believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not
historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not
limited to, statements relating to the results of drilling, results of an updated independent resource estimate for
helium and CO at Topaz; the results of a preliminary economic assessment; the estimated Geological Chance of
Success for the Prospective Resources and the Chance of Commerciality of Topaz; the potential impact of
deepening Jetstream #1 and the potential impact of such deepening on the next iteration of the resource estimate;
the expected timing to commence drilling; and the potential for future wells. Forward-looking statements may
involve estimates and are based upon assumptions made by management of the Company, including, but not
limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to
fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory
approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early
stage of development. The future value of the Company is therefore dependent on the success or otherwise of its
activities, which are principally directed toward the future exploration, appraisal and development of its assets, and
potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes
have been dened at the Topaz Project. However, estimating helium volumes is subject to signicant uncertainties
associated with technical data and the interpretation of that data, future commodity prices, and development and
operating costs. There can be no guarantee that the Company will successfully convert its helium volume to
reserves and produce that estimated volume. Estimates may alter signicantly or become more uncertain when
new information becomes available due to, for example, additional drilling or production tests over the life of eld.
As estimates change, development and production plans may also vary. Downward revision of helium volume
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estimates may adversely aect the Company's operational or nancial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice.
These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be
inaccurate and require adjustment or, even if valid when originally calculated, may alter signicantly when new
information or techniques become available. As further information becomes available through additional drilling
and analysis the estimates are likely to change. Any adjustments to volume could aect the Company's exploration
and development plans which may, in turn, aect the Company's performance. The process of estimating helium
resources is complex and requires signicant decisions and assumptions to be made in evaluating the reliability of
available geological, geophysical, engineering, and economic date for each property. Dierent engineers may make
dierent estimates of resources, cash ows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the
Company's control, which could cause actual results and events to dier materially from those that are disclosed in
or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that
Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation;
operational risks in conducting exploration, including that drill costs may be higher than estimates and the
potential for delays in the commencement of drilling; commodity prices; health, safety and environmental factors;
and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and
Market and Industry Data" and "Risk Factors" in the AIM Admission Document published on October 14, 2024 found
on the Company's web site at https://pulsarhelium.com/investors/aim-rule-26/default.aspx. Forward-looking
statements contained in this news release are as of the date of this news release, and the Company undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible
for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to dier materially from those contained in any forward-looking
statement. No assurance can be given that the forward-looking statements herein will prove to be correct and,
accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking
statements contained in this news release and interview are expressly qualied in their entirety by this cautionary
statement.
SOURCE: Pulsar Helium Inc.AIM: PLSR | TSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc
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First Day of Dealings on AIM and Completion of Fundraise
Pulsar Helium Inc. (AIM:PLSR, TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) the helium development company, is pleased to announce that its common shares will commence trading today, 18 October 2024, on the AIM market of the London Stock Exchange plc ("AIM") (the "Admission").
The Admission follows the successful completion of the fundraising of £3.875 million (C$7 million) (before expenses) (the "Fundraising"), as announced on 15 October 2024. Total gross funds raised by the Company pursuant to the Fundraising and the £1.125 million pre-IPO cornerstone investment as first announced on 21 August 2024, therefore amount to £5 million.
Thomas Abraham-James, President & CEO commented: "We are excited to announce our first day of dealings on the AIM market, a significant milestone for Pulsar that opens new avenues for growth and investment. This listing offers UK investors the opportunity to be part of Pulsar's journey as we aim to become a strategic supplier of green helium, a resource that is increasingly vital for the technologies of today and tomorrow. Our recent fundraising, which was oversubscribed by more than 50%, is a testament to the strong support and confidence in our vision and our flagship Topaz project. The Topaz project has yielded very high helium concentrations by global standards, far exceeding the economic viability threshold, and positions us at the forefront of primary helium discovery and development."
Discover more
We invite you to view our latest Corporate Presentation (Published September, 2024)
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Helium Demand to Double by 2035, Tracking Chip Production Boom, Report Says
By Reuters
Sept. 9, 2024
U.S. News & World Report
Helium Demand to Double by 2035, Tracking Chip Production Boom, Report Says
(Reuters) - The global demand for helium is likely to nearly double by 2035, backed mostly by a rise in demand from the semiconductor industry due to the lack of viable alternatives, according to a report by market research firm IDTechEx.
Global demand could exceed 322 million cubic meters by 2035 for the gas used widely in manufacturing due to its cooling and inert properties, said the report, released in August.
WHY IT'S IMPORTANT
The global semiconductor market is expected to grow by 13.1% in 2024, according to World Semiconductor Trade Statistics, amid a strong demand from artificial intelligence applications.
Helium is essential for heat management during semiconductor production and it has no viable alternatives currently.
As the gas is a finite resource, the total global reserves could run out at a much faster rate due to rising demand from industries such as AI, quantum computing, telecoms, aerospace and electric vehicles, according to the report.
CONTEXT
Production of helium, the second lightest element after hydrogen, is expected to rise with Qatar and Russia ramping up their output, the report said. However, there was no guarantee of a disruption-free supply due to geopolitical tensions, the report added.
Air Products, Linde and Air Liquide and the privately-held Zephyr Solutions are some of the biggest helium-producing companies in the world.
BY THE NUMBERS
Global helium production averaged about 160 million cubic feet between 2019 to 2023, according to the report.
Demand for the gas is likely to rise five-fold in the semiconductor industry, the report said.
Helium is only produced in a handful of countries, with the U.S. and Qatar among the leading players in the industry.
In 2023, the estimated U.S. sales of grade-a helium and gaseous helium was an estimated 2.8 billion cubic feet valued at about $1.1 billion, according to the U.S. geological survey data.
(Reporting by Sourasis Bose in Bengaluru; Editing by Janane Venkatraman
https://www.usnews.com/news/technology/articles/2024-09-09/helium-demand-to-double-by-2035-tracking-chip-production-boom-report-says
Pulsar Announces Positive Seismic Interpretation
That Increases the Potential Opportunities of the
Topaz Helium Project
2024-10-04
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED
STATES OF AMERICA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY,
ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
This announcement is an advertisement and not an admission document or a prospectus and does not constitute
or form part of an oer to sell or issue or a solicitation of an oer to subscribe for or buy any securities nor should
it be relied upon in connection with any contract or commitment whatsoever in any jurisdiction. Potential investors
should not purchase or subscribe for any transferable securities referred to in this announcement except on the
basis of the information in the nal form of an admission document (the "Admission Document") which may be
published in due course in connection with the proposed admission of its issued and to be issued common shares
("CommonShares") to trading on AIM, a market operated by London Stock Exchange plc ("AIM"). Upon such
publication the Admission Document will supersede this announcement and the information contained herein in its
entirety and your investment decision, if any, must be made only on the basis of the information contained therein.
It should be noted that an investment in any transferable securities referred to in this announcement carries a
number of risks and that the value of investments may go down as well as up. Investors should take independent
advice from a person experienced in advising on investment in securities such as those referred to in this
announcement if they are in doubt.
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Announces-Positive-Seismic-Interpretation-That-Increases-the-Potential-Opportunities-of-the-Topaz-Helium-Project-2024.pdf
Pulsar Signicantly Increases Land Position at the Topaz Helium Project In Minnesota
2024-10-02
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
This announcement is an advertisement and not an admission document or a prospectus and does not constitute or form part of an oer to sell or issue or a solicitation of an oer to subscribe for or buy any securities nor should it be relied upon in connection with any contract or commitment whatsoever in any jurisdiction. Potential investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of the information in the nal form of an admission document (the "Admission Document") which may be published in due course in connection with the proposed admission of its issued and to be issued common shares ("CommonShares") to trading on AIM, a market operated by London Stock Exchange plc ("AIM") ("Admission"). Upon such publication the Admission Document will supersede this announcement and the information contained herein
in its entirety and your investment decision, if any, must be made only on the basis of the information contained therein. It should be noted that an investment in any transferable securities referred to in this announcement carries a number of risks and that the value of investments may go down as well as up. Investors should take independent advice from a person experienced in advising on investment in securities such as those referred to in this announcement if they are in doubt.
Follows successful Resource Evaluation & drilling of Jetstream #1 Helium Well at Topaz Helium Project
CASCAIS, PORTUGAL / ACCESSWIRE / October 2, 2024 / Pulsar Helium Inc. (TSXV:PLSR) & (OTCQB:PSRHF) ("Pulsar" or the "Company"), the helium development company, is pleased to announce that it has increased its net land position by c.100% at the Topaz Helium Project (the "Topaz Project") in the State of Minnesota, USA. This expansionTSXV: PLSR | OTCQB: PSRHFPulsar Helium Inc Rua Frederico Arouca, nº 251, 2º frente, 2750-356, Cascais, Portugal connect@pulsarhelium.com
pulsarhelium.com pulsarhelium Pulsar Helium Inc follows the successful drilling of the Jetstream #1 well and the release of an independent resource report that underscores the Topaz Project's existing resource with high helium concentration and upside potential. The Company is also pursuing additional acreage to secure district-wide control of what it believes to be a newly emerging helium reservoir that is regional in scale.
HIGHLIGHTS
A c.100% increase in land position expands the Company's interest in Topaz Project from 2,089 to 4,181 net acres.
The terms state that after the initial 5-year lease extension, any developed tract can be extended further as long as Topaz continues producing gas.
Pulsar is also pursuing additional acreage through the newly legislated State leasing process.
Thomas Abraham-James, President & CEO of Pulsar, commented: "Based on existing data demonstrating the continuity of the system, along with the Sproule resource report, which highlighted the helium resource of one prospect in the area, we believe the Topaz Project has district size scalability. Accordingly, as part of our growth strategy, we are actively securing key land positions. Following this option exercise, we are pleased to have almost doubled our net acreage and are now targeting additional land acquisitions, guided by well-dened geological insights."
"These are exciting times for Pulsar, especially at the Topaz Project, where our next steps include deepening the Jetstream #1 well, which we believe will positively inuence our resource update, then assessing drilling step-out wells, and the completion of additional seismic studies. These eorts will enhance our understanding of this dual- commodity project, which benets from strong domestic demand for both helium and CO . I look forward to regularly updating shareholders as we execute our project plan and continue to build value for all stakeholders."
DETAILS
Following the successful drilling and testing of the Jetstream #1 well, Sproule International Limited ("Sproule") completed an independent resource update for the Topaz Project conrming the presence of commercial concentrations of both helium and CO , with no signicant environmental or logistical barriers to commercialization. Coupled with data from multiple geophysical, geological, and seismic studies, the Company is condent in the Topaz Project's district-scale potential. As a result, the Board is actively expanding its land holdings
https://s203.q4cdn.com/212931576/files/doc_news/Pulsar-Significantly-Increases-Land-Position-at-the-Topaz-Helium-Project-In-Minnesota-2024.pdf
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