Pulsar Helium Announces Acquisition of Michigan Helium Exploration Assets-Focused Gas Exploration Company

Core Viewpoint - Pulsar Helium Inc. has acquired 100% of Hybrid Hydrogen Inc. for a total consideration of US$80,000, marking its first entry into Michigan's helium exploration market [3][6]. Acquisition Details - The acquisition involves a cash payment of US$80,000 for all issued and outstanding shares of Hybrid, which holds exclusive mineral rights covering approximately 5,742 acres in Michigan's Upper Peninsula [6][8]. - This transaction supersedes a previously announced all-share structure from October 27, 2025 [3]. Strategic Rationale - The Michigan mineral rights are geologically similar to Pulsar's Topaz helium project in Minnesota, providing a familiar growth opportunity [7][9]. - The acquisition allows Pulsar to expand its asset base at a low cost, ensuring resources remain focused on the flagship Topaz project [8][9]. - The company aims to leverage its existing expertise in helium exploration to discover additional resources in Michigan [9]. Topaz Project Overview - The Topaz Project, located in northern Minnesota, is a primary helium discovery with confirmed high helium concentrations, averaging 8.1% in Jetstream 1 and 5.6% in Jetstream 2 [10]. - Pulsar is the first mover in helium exploration in both the Topaz and Tunu projects, with primary helium occurrences not associated with hydrocarbon production [12].