Core Insights - HeLIX Exploration PLC has achieved a significant milestone by becoming the first helium producer in Montana, marking a rapid execution since its IPO in April 2024 [1][2] - The market reaction has seen a nearly 10% decline in stock price, attributed to pre-production news being factored in [1] Production and Strategy - The company plans to finalize offtake agreements post-production to ensure buyers can see the helium being produced in pure form [2] - Initial production is expected to be around 1,500 Mcf per day, with potential scaling up to 6,000,000 cubic feet of input gas per day, translating to approximately 65,000 cubic feet of helium per day [4] Helium Quality - The helium produced is expected to be ultra-high purity, designed for five-nine purity (99.999%), which significantly enhances market opportunities compared to lower purity grades [3] Operational Updates - The company is currently addressing a minor drilling issue at the Inez well, which does not affect helium production or hydrogen prospectivity [5]

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].

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].

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].

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].

Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling the Jetstream 5 well at its Topaz Project in Minnesota, encountering multiple pressurized gas zones and recording the highest bottom-hole pressure to date at the site, indicating a strong helium resource potential [3][4]. Drilling Progress - The Jetstream 5 well was drilled to a total depth of 3,839 feet (1,170 meters), with significant gas influxes observed at depths of 837 feet (255 meters), 1,481 feet (451 meters), and 2,857 feet (871 meters) [3][4]. - The bottom-hole pressure at 2,857 feet was approximately 1,292 psi, the highest recorded at the Topaz Project [4]. - The drill rig has moved to Jetstream 6, which commenced drilling on January 27, 2026, with a designed total depth of 3,000 feet (914 meters) and the potential to deepen to 5,000 feet (1,524 meters) [5]. Future Plans - A coordinated testing program for Jetstream 3 and 4 is set to begin in late February 2026, involving flow testing and pressure build-up over approximately six weeks per well [6]. - The company plans to return to Jetstream 5 in April 2026 to retrieve a stuck segment of the drill string and conduct full logging and flow testing of the formation [4]. Project Overview - The Topaz Project is located in northern Minnesota, where Pulsar is the first mover in helium exploration, holding exclusive leases over the project area [8]. - The project has confirmed a laterally extensive helium-rich gas reservoir, indicating a high-quality helium resource [8].

Company Overview - Helium Evolution Incorporated (HEVI) is a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, holding the largest helium land rights position in North America among publicly-traded companies [7] - The company has over five million acres of land under permit near proven discoveries of economic helium concentrations, supporting scaling of exploration and development efforts [7] Leadership Appointment - Malcolm Adams has been appointed as President, Chief Executive Officer, and Director, effective February 1, 2026 [1] - Mr. Adams brings over 30 years of experience in energy, private equity, and technology sectors, with a strong track record in building teams, raising capital, and executing mergers and acquisitions [2] - His background includes extensive experience in capital allocation, corporate governance, and stakeholder engagement, positioning him well to advance the company's development strategy [3] Strategic Vision - Mr. Adams expressed excitement about joining HEVI, highlighting the company's unique position in a producing helium basin and strong partnerships with North American Helium and ENEOS Xplora USA [5] - The company aims to become a leading supplier of sustainably-produced helium, which is critical for Canada's healthcare, technology, and energy security [5][7] - The Board of HEVI is confident that Mr. Adams' leadership will be instrumental in the company's next phase of growth and development [5]

Core Viewpoint - Pulsar Helium Inc. has initiated a 2D active seismic acquisition program at its Topaz Project in Minnesota to enhance resource assessment and drilling target selection [1] Group 1: Seismic Acquisition Program - The seismic acquisition program will involve five seismic lines covering a total of 41.5 miles (66.8 kilometers) [1] - The work commenced on January 20, 2026, and is expected to be completed by mid-March 2026 [1] Group 2: Seismic Survey Methodology - The 2D active seismic acquisition utilizes sound waves generated by a Vibroseis machine, which produces vibrations that are recorded by geophone nodes placed on the ground [2] - The data collected will be processed to create a cross-section image of the subsurface area [2] Group 3: Environmental Considerations - Pulsar has adopted low-impact seismic (LIS) practices to minimize environmental impacts during the survey, particularly in forested areas [3] Group 4: Permitting and Stakeholder Engagement - The company has secured all necessary permits from key stakeholders in Minnesota, including the United States Forest Service and local landowners [4] Group 5: About the Topaz Project - The Topaz Project is located in northern Minnesota and is a primary helium discovery containing helium-4, helium-3, and CO2, independent of hydrocarbon production [5] - Pulsar is the first mover in helium exploration in this area and has confirmed a helium-rich gas reservoir through multiple wells [5]

Core Viewpoint - Helium Evolution Incorporated (HEVI) has announced the initiation of significant seismic programs and a pooling agreement with North American Helium Incorporated (NAH), aimed at enhancing helium exploration and development in southern Saskatchewan [1][2]. Pooling Agreement and Seismic Program - HEVI and NAH have entered a pooling agreement covering approximately 40,000 acres in the Grasslands/Mankota area, with a land split of 51% for NAH and 49% for HEVI [2]. - The pooling agreement includes both 100%-owned acreage from each party and undeveloped acreage previously held at an 80% NAH / 20% HEVI working interest, which will now be revised to the new split [2]. - A 3D seismic program covering about 170 square kilometers is being initiated, expected to enhance subsurface understanding and reduce drilling risk [3][4]. Financial Aspects - The 3D seismic program is projected to cost approximately $4.9 million gross, with HEVI's net share being $2.4 million [4]. Operations Update - The Soda Lake Facility has been temporarily placed on standby due to production levels falling below operational requirements, necessitating further optimization [7]. - The 3D seismic program is expected to inform the development strategy for the Soda Lake Facility, potentially allowing for quicker tie-ins of successful wells [8][11]. Future Plans - Drilling targets are anticipated to be finalized following data interpretation in Q2-2026, with drilling expected to commence around September 1, 2026 [9]. - Successful wells could lead to the reactivation of the Soda Lake Facility and production from the Mankota/Grasslands area [9][10]. Strategic Outlook - HEVI's partnership with NAH is designed to share costs and risks, enabling a broader scope of exploration and development initiatives in 2026 [10]. - The company aims to build a scalable helium asset base in one of Canada's most prospective helium-producing regions [11][13].

Core Viewpoint - Pulsar Helium Inc. has confirmed the presence of helium-3 isotope in its Topaz helium project through independent analyses by two U.S. Federal laboratories, highlighting the strategic importance of this discovery due to the rarity and high value of helium-3 [3][4][12]. Group 1: Scientific Validation - The U.S. Geological Survey (USGS) and Lawrence Livermore National Laboratory (LLNL) independently verified helium-3 concentrations in the Jetstream 1 well, reporting values of approximately 11.2-11.9 parts-per-billion (ppb) for helium-3 and 7.7-8.0% for helium-4 [3][4][8]. - The isotopic ratio of helium-3 to helium-4 was found to be consistent across all three laboratories, indicating a reliable and reproducible data set [4][5][12]. - The rigorous sampling methodology employed, including the use of copper tube sampling, ensured the integrity of the gas samples analyzed [9][11]. Group 2: Strategic Significance - Helium-3 is valued at approximately $2,500 per liter, or over $18 million per kilogram, due to its applications in nuclear security, quantum computing, and potential use in nuclear fusion reactors [4][13]. - The Topaz project is now recognized as one of the richest terrestrial sources of helium-3, with concentrations comparable to those found in lunar regolith [4][13]. - The confirmation of helium-3's presence positions the Topaz project as a significant domestic resource, potentially attracting interest from U.S. government agencies for collaboration and development [7][14]. Group 3: Next Steps - Following the independent verification, the company plans to engage with U.S. government agencies to explore partnerships and funding opportunities to advance the Topaz project [14]. - The company aims to capitalize on the high demand for helium-3 in various sectors, including research and security, by presenting Topaz as a strategic asset [14][16].