Pulsar Files Financial and Operating Results for the First Quarter Ended December 31, 2025

Core Viewpoint - Pulsar Helium Inc. has reported its financial and operational results for the three months ending December 31, 2025, highlighting advancements in its helium exploration and acquisition strategies [1][2]. Operational Highlights - The company has completed six out of ten planned wells in its drilling program at the Topaz project, with ongoing drilling at Jetstream 7 [5]. - The Jetstream 3 and 4 appraisal wells were drilled to depths of 3,507 feet (1,069 meters) and 3,000 feet (914 meters) respectively [5]. - Independent confirmation of helium-3 isotope concentration from the Topaz Project was achieved by two U.S. Federal laboratories, reporting a concentration range of 11.2-11.9 parts-per-billion (ppb) associated with 7.7-8.0% helium-4 [5]. - The company has also completed the acquisition of 100% of Hybrid Hydrogen Inc. for $105,000, which holds mineral rights in Michigan [6]. Acquisitions - In November 2025, Pulsar entered into an agreement to acquire 80% of Quantum Hydrogen Inc. for $400,000, to be issued in five equal monthly tranches [4]. - The company has the option to acquire the remaining 20% of Quantum within eighteen months for an additional $400,000 [4]. - The acquisition of Quantum will expand the company's land position west of the Topaz project [6]. Financial Highlights - During the period, the company recorded exploration and evaluation expenditures of $2 million related to the Topaz project [10]. - The company issued 16,150,567 common shares on the exercise of warrants for gross proceeds of $4.1 million and 800,000 common shares on the exercise of options for gross proceeds of $0.3 million [10]. - A capital raise of £7.4 million (approximately $10 million) was announced, expected to close on February 27, 2026, enhancing the company's financial flexibility [9][10].