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Pulsar Helium Announces Closing of Fundraise
Globenewswire· 2026-02-27 22:30
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].
Pulsar Helium Announces Closing of Fundraise
Globenewswire· 2026-02-27 22:30
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. NOT FOR DISTRIBUTION TO UNITED STATES NEW ...
Pulsar Files Financial and Operating Results for the First Quarter Ended December 31, 2025
Globenewswire· 2026-02-26 07:00
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].
Pulsar Files Financial and Operating Results for the First Quarter Ended December 31, 2025
Globenewswire· 2026-02-26 07:00
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, Feb. 26, 2026 (GLOBE N ...
Pulsar Helium Reports Commencement of Jetstream #7 and Completion of Seismic Survey at the Topaz Helium Project, USA
Globenewswire· 2026-02-23 07:00
Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling Jetstream 6 at the Topaz Project in Minnesota, confirming the presence of multiple pressurized gas intervals and marking a significant milestone in the appraisal of the helium resource [5][6][10]. Group 1: Drilling Progress - Jetstream 6 has been drilled to a total depth of 2,597 feet, encountering multiple gas zones at depths of 1,287 feet (~576 psi), 2,120 feet (~981 psi), 2,187 feet (~1,012 psi), and 2,377 feet (~1,100 psi) [5][6]. - Drilling of Jetstream 7 has commenced, with a planned total depth of 3,000 feet and the potential to deepen to 5,000 feet, located 2.2 miles northwest of Jetstream 1 [7][10]. Group 2: Seismic Program - The extensive 2D active seismic acquisition program at the Topaz Project has been completed, consisting of five seismic lines totaling 41.5 miles [6][8]. - The raw seismic data has been reviewed by an independent expert and confirmed to be of good quality, with processing and interpretation now underway [9][10]. Group 3: Project Overview - The Topaz Helium Project is a large-scale exploration opportunity in Minnesota, with a 100% success rate in drilling appraisal wells that have intersected pressurized gas [10]. - The project has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide, with helium-3 having strategic applications in various advanced technologies [10].
Pulsar Helium Announces Result of Fundraise and TVR
Globenewswire· 2026-02-20 07:30
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].
Pulsar Helium Announces Equity Fundraising of Approximately US$10 Million
Globenewswire· 2026-02-19 18:10
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. THIS ANNOUNCEMENT IS F ...
Pulsar Helium Reports Additional High-Pressure Gas Zones Encountered at Jetstream #6, Topaz Helium Project, USA
Globenewswire· 2026-02-16 07:00
Core Viewpoint - Pulsar Helium Inc. has reported significant progress in its Jetstream 6 appraisal well at the Topaz Project in Minnesota, encountering three additional pressurized gas zones with bottom-hole pressures exceeding 1,000 psi, indicating promising helium exploration potential [3][4][8]. Drilling Operations - The Jetstream 6 well is being drilled to a total depth of approximately 3,000 feet, with drilling operations ongoing [5][6]. - Gas was observed bubbling through drilling fluids at the surface, confirming the presence of pressurized gas in the intersected intervals [4]. Appraisal Program - Following the completion of Jetstream 6, the drilling rig will move to the Jetstream 7 location, which is about 2.2 miles northwest of the Jetstream 1 discovery well, also targeting a depth of approximately 3,000 feet [6]. Topaz Project Overview - The Topaz Helium Project is located in Minnesota, a stable jurisdiction with established infrastructure, and has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide [7]. - All six appraisal wells drilled at Topaz have intersected pressurized gas, achieving a 100% success rate, which supports the geological model for the project [7]. Pressurized Gas Zones - The identified pressurized gas zones at various depths include: - 1,287 feet with a bottom-hole pressure of 576 psi - 2,120 feet with a bottom-hole pressure of 981 psi - 2,187 feet with a bottom-hole pressure of 1,012 psi - 2,377 feet with a bottom-hole pressure of 1,100 psi [8]. Strategic Importance - The Topaz Project represents a core asset for the company, aimed at building exposure to high-value industrial and specialty gas markets, with ongoing technical work generating encouraging data [9].
Pulsar Helium Reports Pressurized Gas Encounter at Jetstream #6 at the Topaz Helium Project, USA
Globenewswire· 2026-02-09 07:00
Core Viewpoint - Pulsar Helium Inc. has successfully intersected a pressurized gas zone at the Jetstream 6 appraisal well in the Topaz Project, indicating a strong geological model and a 100% success rate across all appraisal wells drilled to date [3][5][9]. Summary of Key Points Company Overview - Pulsar Helium Inc. is a publicly traded company focused on helium exploration, with its flagship Topaz Project located in Minnesota, USA [12]. - The company also has projects in Michigan and Greenland, emphasizing its position as a first mover in helium occurrences not associated with hydrocarbon production [12]. Jetstream 6 Appraisal Well - The Jetstream 6 well encountered a pressurized gas zone at a depth of approximately 1,287 feet (392 meters) with a preliminary bottom-hole pressure of about 576 psi [6][7]. - Visible gas influx was observed during drilling, confirming active gas flow under pressure [6][7]. - The well is being drilled using continuous HQ core drilling to maximize geological sample recovery, targeting a depth between 3,000 and 5,000 feet (914 to 1,524 meters) [6][7]. Drilling and Testing Operations - All six Jetstream appraisal wells drilled so far have intersected pressurized gas, maintaining a 100% success rate [6][9]. - Flow and pressure testing equipment is scheduled to arrive on February 15, 2026, for testing Jetstream appraisal wells 3 and 4, with subsequent testing for well 5 expected after the current drilling program concludes in late March 2026 [8][9]. Project Potential - The Topaz Helium Project is identified as a large-scale exploration opportunity with potentially saleable concentrations of helium, helium-3, and carbon dioxide [9]. - Helium-3 is noted for its strategic applications in national security and advanced technologies, providing additional potential upside for the project [9].
Pulsar Helium Files Financial and Operating Results for the Year Ended September 30, 2025
Globenewswire· 2026-01-29 07:00
Core Viewpoint - Pulsar Helium Inc. has reported significant operational and financial developments for the year ended September 30, 2025, highlighting the successful deepening of its Jetstream wells and the promising helium concentrations at its Topaz Project, positioning the company as a potential key player in the helium market [1][9]. Operational Highlights for the Year - The Jetstream 1 appraisal well was deepened to 5,100 feet (1,555 meters), confirming high helium concentrations of up to 14.5%, significantly above the economic threshold of 0.3% [6][9]. - The Jetstream 2 appraisal well reached a total depth of 5,638 feet (1,718 meters) and confirmed sustained average helium concentrations of 5.6% during flow testing [6][9]. - A drilling program initiated in October 2025 aims to drill up to ten wells to delineate the helium reservoir at Topaz, with three holes completed to date [6][9]. Financial Highlights for the Year - For the year ended September 30, 2025, the company reported a net loss of $9,645,889, an improvement from a net loss of $20,346,712 in the previous year [7]. - Total assets increased to $2,420,415 from $1,942,996 in the prior year, while total liabilities decreased to $2,610,441 from $4,976,017 [7]. - The company recorded a non-cash revaluation gain of warrant liability of $1,895,724 during the year [7]. Post-Year Developments - In January 2026, two U.S. Federal laboratories confirmed the presence of helium-3 isotope in the gas from the Jetstream 1 well, with concentrations ranging from 11.2 to 11.9 parts-per-billion [6][9]. - The company completed a private placement in August 2025, raising $5,034,846 through the issuance of 16,174,338 common shares [12]. - Post-year, the company issued 17,490,684 common shares on the exercise of warrants for proceeds of C$6,332,394 [12]. Strategic Outlook - The company aims to become a significant supplier of helium in a tightening global market, leveraging its successful fundraising and AIM market listing to broaden its investor base [9][12]. - The deepening of the Jetstream wells and the ongoing drilling program are expected to inform future resource estimation and production modeling, enhancing the company's strategic positioning [10][13].