Pulsar Helium Announces Closing of Fundraise

Core Viewpoint - Pulsar Helium Inc. has conditionally closed a placing of 9,191,175 common shares at a price of £0.80 per share, raising total gross proceeds of approximately £7.35 million (around US$10 million / CAD$13.7 million) to advance its helium projects [1][2]. Group 1: Financial Details - The placing was priced at £0.80 per share, resulting in gross proceeds of £7,352,940 [1]. - The net proceeds will be utilized for the Topaz helium project in Minnesota, the Falcon project in Michigan, and for general working capital [2]. - An advisory fee of £20,000 and a cash fee of £441,176 were paid to OAK Securities in connection with the placing [3]. Group 2: Project Development - The funds from the placing will support extended well testing, reservoir evaluation, and an additional seismic survey at the Topaz Project [2]. - The company plans to consolidate and expand its mineral and leasehold interests, update the independent resource estimate, and complete a pre-feasibility study for integrated helium and CO₂ production [2]. - A portion of the proceeds will also support exploration activities at the Falcon Project [2]. Group 3: Company Overview - Pulsar Helium Inc. is publicly traded on the AIM market of the London Stock Exchange and listed on the TSX Venture Exchange and OTCQB [9]. - The company focuses on helium projects, with its flagship Topaz project in Minnesota and the Falcon project in Michigan, both identified as primary helium occurrences not associated with hydrocarbon production [9].