Core Viewpoint - Pulsar Helium Inc. is advancing its Topaz helium project in Minnesota, having secured a drilling contract with Timberline Drilling Inc. to drill up to ten wells, with operations expected to start in late September 2025. Recent flow testing results from the Jetstream 1 well indicate significant helium production potential, flowing over 1.3 million cubic feet per day under compression, highlighting the reservoir's exceptional capabilities [1][3][5]. Operational Update - The company has executed a Master Services Agreement with Timberline Drilling Inc. for a core drilling program at the Topaz project, targeting helium-bearing formations at depths of approximately 3,937 feet (1,200 meters) [4][5]. - Drilling is set to begin in late September 2025, with continuous operations planned to efficiently complete the program [5][6]. - The Jetstream 1 well achieved a peak gas flow rate of approximately 1.3 million cubic feet per day (MMcf/d) during flow testing, confirming a clean, helium-bearing gas stream with no formation water [5][10]. Drilling Program Details - The drilling program aims to delineate the extent and productivity of the helium reservoir at Topaz, with up to ten wells planned to provide flexibility in targeting optimal production areas [8]. - Pulsar has budgeted for the program and made an advance payment of US$70,000 for the blowout preventer to secure rig and crew availability [8]. - All necessary permits are in place for the initial three well locations [8]. Flow Test Results - Jetstream 1 was flow-tested with a peak gas flow rate of approximately 1.3 million cubic feet per day, significantly exceeding previous benchmarks [10][11]. - Jetstream 2 exhibited an initial gas flow of roughly 40–50 thousand cubic feet per day, with a strong initial shut-in pressure, indicating high reservoir potential despite some flow restrictions [12][14]. Strategic Partnerships - Pulsar is collaborating with Chart Industries to model production scenarios for helium and co-produced CO₂, utilizing data from Jetstream 1 to guide the design of gas processing and liquefaction equipment [11][12].

Core Viewpoint - Pulsar Helium Inc. is advancing its Topaz helium project in Minnesota, having secured a drilling contract with Timberline Drilling Inc. to drill up to ten wells, with operations expected to start in late September 2025. Recent flow testing results from the Jetstream 1 well indicate significant helium production potential, flowing over 1.3 million cubic feet per day under compression, highlighting the project's viability and the company's strategic direction towards helium production [1][3][10]. Drilling Program - The company has entered a Master Services Agreement with Timberline Drilling Inc. for a core drilling program at the Topaz project, targeting helium-bearing formations at depths of approximately 3,937 feet (1,200 meters) [4][8]. - Drilling is set to begin in late September 2025, with continuous operations planned to efficiently complete the program [5][8]. - The drilling program aims to delineate the extent and productivity of the helium reservoir, with up to ten wells providing flexibility to adjust locations based on results [8]. Flow Testing Results - Jetstream 1 well achieved a peak gas flow rate of approximately 1.3 million cubic feet per day (MMcf/d) under wellhead compression, confirming a clean, helium-bearing gas stream with no formation water [10][11]. - Jetstream 2 well exhibited an initial gas flow of roughly 40–50 thousand cubic feet per day (Mcf/d) and a high initial shut-in pressure, indicating strong reservoir potential despite some flow restrictions [12]. Strategic Partnerships - The company is collaborating with Chart Industries to model production scenarios for helium and co-produced CO₂, utilizing data from Jetstream 1 to guide the design of gas processing and liquefaction equipment [11][12]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and is the first mover in the region, with helium concentrations identified significantly above the economic threshold [13][14].

Core Points - The company formerly known as Total Helium Ltd. will change its name to Altura Energy Corp. and implement a consolidation of its common shares at a ratio of ten pre-consolidation shares for one post-consolidation share, effective May 12, 2025 [1][2] - Following the consolidation, approximately 10,239,354 common shares will be issued and outstanding, and trading will commence under the new ticker symbol "ALTU" [2][1] - The company has 37,500,000 share purchase warrants outstanding, with specific details on the 2026 and 2028 warrants provided, including adjusted exercise prices and terms [4][9] Share Consolidation Details - The consolidation will result in every ten 2026 warrants being exercisable for one post-consolidation common share at an adjusted price of $20.00 per share, with the same number of warrants remaining outstanding [5][4] - The 2028 warrants will also adjust to allow every ten warrants to be exercisable for one post-consolidation common share at an adjusted price of $7.50 per share, with the number of outstanding warrants unchanged [9][4] Acceleration Clause - The original acceleration clause for the 2026 warrants has been adjusted, requiring a volume-weighted average trading price of $30.00 per post-consolidation common share for 20 consecutive trading days to trigger acceleration [6][5] - The company intends to amend the exercise price of the 2028 warrants to $0.25 per post-consolidation common share, subject to approval from warrant holders and the TSX Venture Exchange [10][9] Trading Information - The 2026 warrants will continue to be listed on the TSX Venture Exchange under the new ticker symbol "ALTU.WT" starting on the effective date [7][5] - The 2028 warrants are expected to remain delisted but will have a new CUSIP and ISIN [9][10]