Core Viewpoint - Pulsar Helium Inc. has signed a definitive agreement to acquire up to 100% of Quantum Hydrogen Inc. from Oscillate plc in an all-share transaction, enhancing its helium project portfolio and significantly increasing its acreage in Minnesota [1][2]. Agreement Terms - Pulsar will acquire 80% of Quantum's issued share capital for a total value of US$400,000, issued in five equal monthly tranches of US$80,000 each, contingent upon TSX Venture Exchange approval [2]. - An option is granted to acquire the remaining 20% of Quantum Shares within eighteen months for an additional US$400,000 in Pulsar Shares under similar terms [2][3]. Transaction Highlights - Quantum's lease option is valued at approximately US$296,000, although it has not yet produced financial statements [5]. - The acquisition will increase Pulsar's gross acreage in Minnesota by approximately 1,000% [6]. Strategic Rationale - The mineral rights acquired are located in a sedimentary basin with geological traits similar to Pulsar's Topaz project, which has shown strong reservoir productivity [6][7]. - The acquisition allows Pulsar to leverage its subsurface knowledge and experience in helium exploration, representing a low-risk expansion of its portfolio [6][7]. Company Overview - Pulsar Helium Inc. is publicly traded on the AIM market, TSX Venture Exchange, and OTCQB, focusing on helium projects in Minnesota and Greenland [8]. - The Topaz project in Minnesota has shown promising results, including a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium concentration of 7-8% [9].

Core Insights - Pulsar Helium Inc. has achieved a significant milestone at its Topaz Project in Minnesota with the drilling of the Jetstream 3 well, which has encountered pressurized gas at approximately 960 psi, indicating a highly charged gas reservoir [3][5][7] Drilling Operations - The Jetstream 3 well commenced drilling on October 17, 2025, and is located 0.6 miles (approximately 950 meters) northeast of Jetstream 1 [6][10] - The well has intersected two gas-bearing intervals at depths of approximately 1,717 feet (523 meters) and 2,036 feet (621 meters) [6][7] - The planned total depth for Jetstream 3 is around 3,500 feet (1,067 meters), utilizing a coring method with a hole diameter of 3.8 inches (96 mm) [6][8] Gas Pressure and Reservoir Characteristics - The bottom-hole pressure of Jetstream 3 is estimated at ~960 psi at a depth of 2,167 feet (661 meters), which is significantly higher than the pressures recorded in Jetstream 1 (185 psi) and Jetstream 2 (205 psi) [6][10] - Observations of gas bubbling in the drilling mud during operations indicate an active gas influx from the formation [8][9] Next Steps and Testing - Upon reaching total depth, a comprehensive evaluation will be conducted, including open-hole wireline logs and flow testing to assess well deliverability [9][10] - Core and gas samples will be analyzed in the laboratory to determine gas composition and helium concentrations, including testing for the rare helium-3 isotope previously detected in Jetstream 1 [9][10] Project Overview - The Topaz Project is located in northern Minnesota, where Pulsar is the first mover and holds exclusive leases [10][14] - Previous wells, Jetstream 1 and Jetstream 2, have demonstrated the potential of the helium-rich system, with Jetstream 1 achieving a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium concentration of 7-8% [10][14]

Core Viewpoint - Pulsar Helium Inc. has signed an agreement with Sproule-ERCE to conduct a Pre-Feasibility Study for the Tunu helium-geothermal project in East Greenland, marking a significant milestone for the company as it advances one of the few primary helium occurrences in Europe [1][2]. Company Overview - Pulsar Helium Inc. is a leading helium project development company, publicly traded on the AIM market of the London Stock Exchange and the TSX Venture Exchange, with a focus on helium and geothermal energy projects [11]. - The company holds exclusive rights for helium exploration in Greenland, being the first to receive a license for helium exploration in the country [6]. Tunu Project Details - The Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit, and is notable for helium concentrations in sampled hot springs reaching up to 0.8% [5]. - The project also shows significant geothermal energy prospects, with reservoir temperatures estimated between 80°C and 110°C, allowing for potential cogeneration of power and heat [5]. - A passive seismic survey conducted in 2024 identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium [6]. Pre-Feasibility Study (PFS) - The PFS will evaluate existing geothermal opportunities alongside potential helium extraction, utilizing advanced geophysical data interpretation [7]. - The study is led by Sproule-ERCE, which has a strong track record in geothermal resource assessment and project development, having supported over 200 megawatt (MWth) of geothermal heat capacity globally [7]. - The PFS is scheduled for completion by the end of August 2025, providing a robust technical and economic foundation for future project decisions [7]. Strategic Importance - The Tunu project is positioned to support Europe's critical raw materials and clean energy ambitions, with the potential for renewable geothermal power for the local community [4][6]. - The project's location allows for efficient transport of helium to the European market, enhancing its strategic value [6].