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Pulsar Helium Provides Update on Transaction with Oscillate PLC
Globenewswire· 2026-01-21 07:00
Core Viewpoint - Pulsar Helium Inc. is progressing with its acquisition of Quantum Hydrogen Inc. through an all-share transaction, with specific terms outlined for share issuance and valuation [1][3]. Group 1: Acquisition Details - The company has issued a total of 292,560 common shares to Oscillate, valued at US$80,000 each for the first two monthly share option tranches [2]. - An additional 145,434 shares were issued to satisfy the third tranche, also valued at US$80,000 [3]. - Pulsar will acquire 80% of Quantum's shares after issuing two more tranches of shares, with the option to acquire the remaining 20% for US$400,000 in shares by May 3, 2027 [3]. Group 2: Share Issuance and Valuation - The shares issued in connection with the transaction are subject to a four-month-and-one-day hold period from the date of issuance [4]. - The first tranche shares had a volume-weighted average price (VWAP) of C$0.7797, while the second and third tranches had VWAPs of C$0.7543 and C$0.7556, respectively [2][3]. Group 3: 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 [5][6]. - The company is recognized as a first mover in both locations, with primary helium occurrences identified that are not associated with hydrocarbon production [6].
Pulsar Helium Provides Update on Transaction with Oscillate PLC
Globenewswire· 2026-01-21 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, Jan. 21, 2026 (GLOBE N ...
ASP Isotopes Inc. (ASPI) Closes Renergen Deal, Unlocking $750M in Funding for Helium Expansion
Yahoo Finance· 2026-01-12 02:12
We recently compiled a list of the 7 Best Rare Earth Stocks to Buy According to Hedge Funds. ASP Isotopes Inc. is one of the best rare earth stocks. TheFly reported on January 7, 2026, that ASPI announced the successful closing of its acquisition of Renergen Limited. This strategic merger combines ASP Isotopes’ advanced enrichment technologies with Renergen’s helium and natural gas assets, specifically the Virginia Gas Project in South Africa. The combined company aims to become a leading global supplie ...
ASP Isotopes Closes Acquisition of Renergen
Globenewswire· 2026-01-07 13:30
Combined Company Expected to Become a Global Critical Materials Provider Focused on High-Growth Industries in Isotope and Helium Markets Renergen Expected to Benefit from $750 million of Committed Debt Funding from the U.S. government's Development Finance Corporation (U.S. DFC) and Other Lenders to Expand Helium Plant Production Capacity Combined Company Expected to Target Cross-Sector Applications in Semiconductors, Quantum Computing, and Clean Energy DALLAS, Jan. 07, 2026 (GLOBE NEWSWIRE) -- ASP Isotopes ...
Pulsar Helium Commences Drilling of Jetstream #5
Globenewswire· 2025-12-03 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. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMA ...
Airlife Gases Acquires Control of Royal Helium Ltd.
Globenewswire· 2025-11-30 02:51
Core Viewpoint - Airlife Gases Private Limited has completed the acquisition of approximately 52.9% of Royal Helium Ltd., marking a significant step towards becoming an integrated helium producer [1][7]. Company Overview - Airlife Gases Private Limited is a multinational supplier of helium and specialty gases, serving sectors such as healthcare, fiber optics, semiconductors, and aerospace & defense [6]. - Royal Helium Ltd. focuses on the exploration, production, and infrastructure development of helium and associated gases, with operations primarily in Southern Saskatchewan and southeastern Alberta, Canada [2]. Acquisition Details - Airlife acquired 79,901,328 Class A common voting shares and 4,000,000 share purchase warrants of Royal Helium, with each warrant allowing the purchase of one common share at $0.65 for 36 months [1]. - The acquisition grants Airlife the right to nominate directors for majority board representation and corporate naming rights, pending regulatory and shareholder approval [4]. Strategic Implications - The transaction positions Airlife as a fully integrated helium enterprise, controlling sourcing, production, and global delivery, which is crucial in a supply-constrained market [8]. - Airlife aims to enhance supply reliability and create long-term value for customers by leveraging its distribution expertise alongside Royal Helium's production capabilities [7]. Environmental Considerations - Helium extraction from Royal Helium's reservoirs is significantly less carbon-intensive, with potential reductions of up to 90% in carbon emissions compared to other jurisdictions [3].
Royal Helium Ltd. Announces Exit and Closing of CCAA Transaction
Newsfile· 2025-11-28 22:00
Core Viewpoint - Royal Helium Ltd. has successfully exited the CCAA Proceedings through a reverse takeover transaction with Keranic Industrial Gas Inc., marking a significant restructuring and strategic partnership in the helium sector [1][2]. Transaction Summary - The transaction involved a three-cornered amalgamation, resulting in the formation of a new wholly-owned subsidiary of Royal and the removal of the Target Companies from CCAA Proceedings [2]. - Prior to the amalgamation, Royal completed an 8:1 consolidation of its common shares and amended its articles to create two classes of shares: Class A common voting shares and Class B preferred non-voting shares [3]. - All existing debentures, options, and warrants of Royal were terminated as part of the transaction [3]. - The liabilities of the Target Companies were transferred to a residual company, while the assets were acquired by Keranic [4]. Financing Details - Keranic raised funds through a brokered subscription receipt financing of 7,030,000 subscription receipts at $0.50 each and a non-brokered common share offering of 75,901,328 Class A shares at $0.02108 each [6]. - The proceeds from these offerings were utilized to satisfy the purchase price of the transaction [6]. Strategic Investor - An affiliate of AirLife Gases Private Limited invested $2,000,000 in the Subscription Receipt Offering and $930,000 in the Share Offering, acquiring a significant stake of approximately 52.9% in Royal's Class A Shares post-transaction [9]. - The Strategic Investor is a well-established supplier of helium and specialty gases, with a strong presence in high-growth sectors such as healthcare and aerospace [10][12]. - The Strategic Investor has secured rights to nominate directors to Royal's board and has been granted corporate naming rights, subject to approval [13]. Asset Overview - The transaction encompasses Royal's extensive helium land position of approximately 600,000 acres across Saskatchewan and Alberta, with multiple helium discoveries [15]. - The Steveville plant facility, capable of processing 15,000 Mcf/day of raw gas, is expected to restart production within 12 weeks, with full capacity anticipated within 10 months [15]. Trading Update - Royal plans to apply for the listing of its Class A Shares on the TSX Venture Exchange, pending approval [16]. Advisory Information - Research Capital Corporation acted as the financial advisor for the transaction, with legal counsel provided by McDougall Gauley LLP [17].
Pulsar Helium Appoints Cliff Cain as Manager of Commercial and External Affairs and Announces Completion of Jetstream #4 with Increased Bottom-Hole Pressure
Globenewswire· 2025-11-26 07:00
Core Insights - Pulsar Helium Inc. has appointed Cliff Cain as Manager of Commercial & External Affairs, enhancing its leadership team and commercial strategy [3][5][10] - The company has successfully completed drilling at Jetstream 4, reaching a total depth of 3,000 feet (914 meters) and encountering promising helium-bearing intervals [6][15] - The drilling rig is being relocated to Jetstream 5, with a target depth of 5,000 feet (1,524 meters), indicating ongoing commitment to an aggressive multi-well drilling campaign [16][21] Leadership Appointment - Cliff Cain brings over 15 years of experience in the helium and specialty gas industries, having negotiated over $100 million in gas supply agreements [9][12] - His role will focus on strengthening Pulsar's market positioning and transitioning the company from exploration to development and revenue generation [10][11] Drilling Progress - Jetstream 4 drilling encountered a bottom-hole pressure of approximately 887 psi at a depth of 1,897 feet (578 meters), an increase from previously reported levels [15] - The company plans to conduct simultaneous testing on Jetstream 3 and 4 to optimize capital deployment and accelerate data collection [17] Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and has successfully drilled multiple appraisal wells [21][24] - Recent flow tests from Jetstream 1 indicated a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium content of 7–8% [21] Corporate Developments - Strand Hanson Limited has been appointed as the sole broker for the company, while ShareTalk Ltd will assist in investor communications for a fee of £3,000 over six months [19][20] - The agreement with ShareTalk can be terminated by either party without notice, ensuring flexibility in investor relations [20]
Pulsar Helium Reports Pressurised Gas Encounter at Jetstream #4 as Appraisal Drilling Advances
Globenewswire· 2025-11-18 07:00
Core Viewpoint - Pulsar Helium Inc. has successfully commenced drilling the Jetstream 4 well, encountering pressurized gas, which indicates a strong gas reservoir and reinforces the geological model established from previous wells [3][5][8]. Drilling Operations - The Jetstream 4 well began drilling on November 9, 2025, and has reached a depth of 1,457 feet (444 meters) with a calculated bottom-hole pressure of approximately 674 psi [3][8]. - The well is located 0.4 miles (~600 meters) south of Jetstream 3 and 0.1 miles (~250 meters) north of Jetstream 1 at the Topaz helium project in Minnesota [7]. - Jetstream 4 has a planned total depth of approximately 3,000 feet (914 meters) and is being drilled using a coring method with a hole diameter of 3.8 inches (96 mm) [7][9]. Gas Encounter and Pressure Readings - Gas-bearing intervals were encountered at depths of approximately 1,187-1,277 feet (362-389 meters) and 1,327-1,437 feet (404-438 meters) [7][8]. - The bottom-hole pressure of 674 psi at 1,457 feet (444 meters) is a strong indicator of a pressurized reservoir, complementing the 960 psi recorded in Jetstream 3 [7][10]. Future Steps and Testing - Upon reaching total depth, both Jetstream 3 and Jetstream 4 will undergo comprehensive evaluations, including open-hole wireline logs and flow testing [10]. - Laboratory analysis will determine gas composition and helium concentrations, including testing for helium-3, which was previously detected in Jetstream 1 [10][11]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and is the first mover in the area [11][15]. - Previous wells, including Jetstream 1 and Jetstream 2, have successfully penetrated helium-bearing reservoirs, with Jetstream 1 achieving a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained flow of 7-8% helium [11].
Pulsar Helium Advances Appraisal Programme with Completion of Jetstream #3 And Commencement of Testing; Rig Mobilised to Jetstream #4, Topaz Project, Minnesota, USA
Globenewswire· 2025-11-11 07:00
Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling the Jetstream 3 appraisal well at its Topaz Project in Minnesota, indicating strong potential for helium production in North America [3][5][6]. Group 1: Drilling Operations - The Jetstream 3 well reached a total depth of 3,507 feet (1,069 meters) and successfully penetrated the entire interpreted helium-bearing interval [7]. - The drilling campaign includes up to 10 wells aimed at defining the geometry, extent, and productivity of the helium reservoir at Topaz [5]. - Drilling of Jetstream 4 commenced on November 9, 2025, with a target depth of 3,000 feet (914 meters) [7]. Group 2: Pressure Readings and Reservoir Potential - Initial bottom-hole pressure readings from Jetstream 3 exceeded expectations, with a calculated pressure of approximately 960 psi, indicating a robust reservoir [7]. - For comparison, Jetstream 1 and Jetstream 2 had well-head pressures of 185 psi and 205 psi, respectively, highlighting the significant improvement in pressure at Jetstream 3 [7]. Group 3: Future Plans and Assessments - The company plans to conduct a comprehensive evaluation of Jetstream 3, including geological and petrophysical data collection through open-hole wireline logs [7]. - A Preliminary Economic Assessment (PEA) is expected to be conducted in H1 2026 as part of the company's commitment to realizing Topaz's production potential [5].