Pulsar Helium Announces Result of Fundraise and TVR

Core Viewpoint - Pulsar Helium Inc. has successfully raised approximately £7.4 million (around US$10.0 million / CAD$13.7 million) through an accelerated bookbuild placing of 9,191,175 shares at an issue price of £0.80 per share, aimed at advancing its helium projects in the USA [5][7]. Group 1: Fundraising Details - The company raised gross proceeds of approximately £7.4 million (approximately US$10.0 million / CAD$13.7 million) through the issuance of 9,191,175 placing shares [5]. - The placing was managed by OAK Securities, which acted as the exclusive bookrunner and placement agent [6]. Group 2: Use of Proceeds - The net proceeds from the placing will be utilized to advance the Topaz helium project in Minnesota, progress the Falcon project in Michigan, and for general working capital [11]. - At the Topaz project, the company plans to conduct extended well testing, reservoir evaluation, and additional seismic surveys, as well as update the independent resource estimate and complete a pre-feasibility study for integrated helium and CO₂ production [11]. Group 3: Admission and Shareholder Information - Application has been made for the admission of the placing shares to trading on AIM, expected to occur on or around February 27, 2026 [8][9]. - Upon admission, the total number of common shares in issue will be 180,142,697, which shareholders can use to determine their interest in the company's issued share capital [9].