Pulsar Helium Inc (QB) (PSRHF) Quote

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Pulsar Helium Inc CEO Thomas Abraham-James. Sproule Resource Estimate Q&A



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Pulsar Announces Resource Estimate For One Prospect At The Topaz Project, Immediate Investment Of £1.125 Million & Intention To Dual-List On LSE's AIM Market

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”), is pleased to announce receipt of an independent technical report of the Contingent and Prospective Resources for helium and CO2 from Sproule International Limited (“Sproule”) from one prospect at the Company’s flagship Topaz Project in Minnesota (the “2024 Sproule Report”). The evaluation relates to the Company’s first half 2024 drilling of the Jetstream #1 appraisal well* and geophysical surveys conducted across the prospect. The contingent and prospective resource acreage covered in the 2024 Sproule Report represents approximately 13% of the Company’s gross land position that it has under lease and exclusive option.

Pulsar is also pleased to announce its intention to apply for the admission to trading of the Company's Common Shares on AIM, with a target admission date before the end of October 2024 (the "AIM IPO"). The AIM IPO is supplementary to the Company’s existing listing on the TSX Venture Exchange (the “TSX-V”) in Canada.

Based on feedback from a recent corporate roadshow arranged for the Company by OAK Securities, the Company believes the AIM IPO will enhance its access to UK and European based investors, from whom it is proposing to raise approximately £5 million in connection with the AIM IPO. A principal of OAK Securities has agreed to cornerstone the IPO capital raising by advancing to the Company £1.125 million to fund the long lead items for the deepening of the Jetstream #1 well, expected to commence in October 2024, and the AIM IPO costs (the “Cornerstone Investment”).

Resource Highlights from one prospect at the Topaz Project:

Helium Resources Evaluation (unrisked, gross recoverable)
44% increase to Sproule's previous helium Contingent Best Estimate (2C) Gross Recoverable Resource, now 22.9 million standard cubic feet (“MMcf”), Pmean of 79.0 MMcf, and P10 of 174.0 MMcf
12,165% increase to the helium Prospective Best Estimate (2U) Gross Recoverable Resource, now 380.2 MMcf, Pmean of 1.3 billion cubic feet (“Bcf”), and P10 of 2.8 Bcf

CO2 Resources Evaluation (unrisked, gross recoverable)
Maiden CO2 Contingent Best Estimate (2C) Gross Recoverable Resource, 171.8 MMcf, Pmean of 597.7 MMcf, and P10 of 1.3 Bcf
Maiden CO2 Prospective Best Estimate (2U) Gross Recoverable Resource, 2.9 Bcf, Pmean of 10.1 Bcf, and P10 of 21.3 Bcf
Due to an ongoing shortage of CO2 in the USA, with bulk CO2 purchases increasing up to USD$32 per thousand cubic feet (“Mcf”), it has the potential to be a bonus and valuable by-product of Pulsar’s helium production*

Chance of commerciality
The 2024 Sproule Report states: “Chance of Commerciality (Pc) is the likelihood that the Topaz Project will, in a timely manner, be able to be commercialized. The Topaz project has both commercial concentration helium and CO2 and there are no significant environmental nor logistical barriers to commercialization given its location. Therefore, given the Resource base, the Pc is fairly high for an early stage project with a value of 0.65.”

The contingent resources estimated in the 2024 Sproule Report relates to one prospect within the Topaz Project, comprising acreage under the Company’s leases surrounding the Jetstream #1 well, and the acreage of the prospective resources is under the Company’s leases and exclusive options. The contingent and prospective resource acreage covered in the 2024 Sproule Report represents approximately 13% of the Company’s gross land position that it has under lease and exclusive option.
Thomas Abraham-James, President & CEO of Pulsar commented: “The resource evaluation is significant as it is based only on one prospect within the Topaz Project and data from only one well, Jetstream #1, which naturally flowed high-concentration helium of up to 14.5% to surface and without the presence of water. Such positive estimations received from a single and comparatively shallow well are hugely encouraging ahead of further exploration, which Pulsar has scheduled for Q4 2024. Data indicates that the well penetrated only the top of the helium-bearing fracture zone which is likely to persist for a further 1,650ft (500m) vertical depth. Therefore deepening of the Jetstream #1 well, scheduled for Q4 2024, is likely to have a significant impact on the next iteration of the resource estimation. We have made great progress in our first year as a listed entity and intend to build on this success and realise Topaz’s full potential.”


Thomas further commented: “The process to dual-list the Company’s securities on London’s AIM market is underway, with AIM being an attractive exchange for growth industrial gas companies. We have very strong interest from UK and European investors, underpinned by an immediate £1.125m cornerstone investment in the IPO from a principal of our UK broker, OAK Securities.”

Pulsar Helium Announces Independent Resource Estimate For One Prospect At The Topaz Project, Immediate Investment Of £1.125 Million And Intention To Dual-List On The London Stock Exchange's Aim Market

Pulsar Helium Inc.
Wed, Aug 21, 2024, 5:00 PM EDT

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 OF AMERICA, AUSTRALIA, JAPAN OR 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 an advertisement and not an admission document or a prospectus and does not constitute or form part of an offer to sell or issue or a solicitation of an offer to subscribe for or buy any securities nor should it be relied upon in connection with any contract or commitment whatsoever in any jurisdiction. Potential investors should not purchase or subscribe for any transferable securities referred to in this announcement except on the basis of the information in the final form of an admission document (the "Admission Document") which may be published in due course in connection with the proposed admission of its issued and to be issued common shares ("Common Shares") to trading on AIM, a market operated by London Stock Exchange plc ("AIM"). Upon such publication the Admission Document will supersede this announcement and the information contained herein in its entirety and your investment decision, if any, must be made only on the basis of the information contained therein. It should be noted that an investment in any transferable securities referred to in this announcement carries a number of risks and that the value of investments may go down as well as up. Investors should take independent advice from a person experienced in advising on investment in securities such as those referred to in this announcement if they are in doubt.

CASCAIS, PORTUGAL / ACCESSWIRE / August 21, 2024 / Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company") is pleased to announce receipt of an independent technical report of the Contingent and Prospective Resources for helium and CO2 from Sproule International Limited ("Sproule") from one prospect at the Company's flagship Topaz Project in Minnesota (the "2024 Sproule Report"). The evaluation relates to the Company's first half 2024 drilling of the Jetstream #1 appraisal well* and geophysical surveys conducted across the prospect. The contingent and prospective resource acreage covered in the 2024 Sproule Report represents approximately 13% of the Company's gross land position that it has under lease and exclusive option.

Pulsar is also pleased to announce its intention to apply for the admission to trading of the Company's Common Shares on AIM, with a target admission date before the end of October 2024 (the "AIM IPO"). The AIM IPO is supplementary to the Company's existing listing on the TSX Venture Exchange (the "TSX-V") in Canada.

Based on feedback from a recent corporate roadshow arranged for the Company by OAK Securities, the Company believes the AIM IPO will enhance its access to UK and European based investors, from whom it is proposing to raise approximately £5 million in connection with the AIM IPO. A principal of OAK Securities has agreed to cornerstone the IPO capital raising by advancing to the Company £1.125 million to fund the long lead items for the deepening of the Jetstream #1 well, expected to commence in October 2024, and the AIM IPO costs (the "Cornerstone Investment"). The mechanics of the Cornerstone Investment are detailed below.

* In the State of Minnesota, the regulatory term is ‘exploratory boring'.

Resource Highlights from one prospect at the Topaz Project:

Helium Resources Evaluation (unrisked, gross recoverable)

44% increase to Sproule's previous helium Contingent Best Estimate (2C) Gross Recoverable Resource, now 22.9 million standard cubic feet ("MMcf"), Pmean of 79.0 MMcf, and P10 of 174.0 MMcf

12,165% increase to the helium Prospective Best Estimate (2U) Gross Recoverable Resource, now 380.2 MMcf, Pmean of 1.3 billion cubic feet ("Bcf"), and P10 of 2.8 Bcf

CO2 Resources Evaluation (unrisked, gross recoverable)

Maiden CO2 Contingent Best Estimate (2C) Gross Recoverable Resource, 171.8 MMcf, Pmean of 597.7 MMcf, and P10 of 1.3 Bcf

Maiden CO2 Prospective Best Estimate (2U) Gross Recoverable Resource, 2.9 Bcf, Pmean of 10.1 Bcf, and P10 of 21.3 Bcf

Due to an ongoing shortage of CO2 in the USA, with bulk CO2 purchases increasing up to USD$32 per thousand cubic feet ("Mcf"), it has the potential to be a bonus and valuable by-product of Pulsar's helium production*

Chance of commerciality

The 2024 Sproule Report states: "Chance of Commerciality (Pc) is the likelihood that the Topaz Project will, in a timely manner, be able to be commercialized. The Topaz project has both commercial concentration helium and CO2 and there are no significant environmental nor logistical barriers to commercialization given its location. Therefore, given the Resource base, the Pc is fairly high for an early stage project with a value of 0.65."

The contingent resources estimated in the 2024 Sproule Report relates to one prospect within the Topaz Project, comprising acreage under the Company's leases surrounding the Jetstream #1 well, and the acreage of the prospective resources is under the Company's leases and exclusive options. The contingent and prospective resource acreage covered in the 2024 Sproule Report represents approximately 13% of the Company's gross land position that it has under lease and exclusive option.

Thomas Abraham-James, President & CEO of Pulsar, commented: "The resource evaluation is significant as it is based only on one prospect within the Topaz Project and data from only one well, Jetstream #1, which naturally flowed high-concentration helium of up to 14.5% to surface and without the presence of water. Such positive estimations received from a single and comparatively shallow well are hugely encouraging ahead of further exploration, which Pulsar has scheduled for Q4 2024. Data indicates that the well penetrated only the top of the helium-bearing fracture zone which is likely to persist for a further 1,650ft (500m) vertical depth. Therefore deepening of the Jetstream #1 well, scheduled for Q4 2024, is likely to have a significant impact on the next iteration of the resource estimation. We have made great progress in our first year as a listed entity and intend to build on this success and realise Topaz's full potential."

Thomas further commented: "The process to dual-list the Company's securities on London's AIM market is underway, with AIM being an attractive exchange for growth industrial gas companies. We have very strong interest from UK and European investors, underpinned by an immediate £1.125m cornerstone investment in the IPO from a principal of our UK broker, OAK Securities."

*This is for context and does not form part of the resource report.

Outlook

The Jetstream #1 well confirmed the presence of helium and CO2 bearing gas identified in the original LOD-6 discovery well and has substantially de-risked the Topaz Project. In addition, Jetstream #1 correlates with seismic data acquired by the Company which shows a distinct velocity anomaly at the depth of the gas zone that persists for a further ~500m and it is the Company's near-term intention to deepen Jetstream #1 to test the full scale of the seismic velocity anomaly. This is also proposed to be accompanied by a step out well and additional seismic acquisition with the intention of increasing the size of the resource base and delineating additional prospects. The Company intends to commission a third-party preliminary economic assessment (PEA) study, with the intention of identifying near-term production scenarios.

Company Analysis of Material Changes from the 2022 Sproule Report

Sproule last reported on Pulsar's Topaz Project with its "Evaluation of the Helium Resources of RGGS Land & Minerals, Ltd., L.P. in Minnesota, USA for Pulsar in April of 2022" (the "2022 Sproule Report"). There have been several material changes to the Topaz Project since that report, the most notable being Pulsar's drilling of the Jetstream #1 well. This well confirmed the presence of a fractured reservoir that contained native gas with high concentrations of both helium and carbon dioxide. In the 2022 Sproule Report, Sproule used a Low Case Reservoir Model of a single fracture which has now been disproven as the Jetstream #1 well has multiple fractures with gas shows. Additionally, the 2022 Sproule Report used a High Case Reservoir Model of a vugular dual porosity system which has likewise been disproven. Using conventional oil and gas testing equipment, the Jetstream #1 well tested reservoir pressures and flow rates and obtained multiple reliable gas analysis.

Pulsar also acquired multiple geophysical surveys across the Topaz Project which have been integrated into the analysis of both the Jetstream #1 well and the historical mineral wellbores. These various geophysical surveys have been interpreted to show an extended gas filled fracture network deeper than the penetration of the Jetstream #1 well and more laterally extensive. These 3D volumes have been accounted for as Prospective Resources as they have yet to be tested by any wells.

The Company's land holdings that are evaluated in the 2024 Sproule Report consist of a helium discovery located approximately 100 km northeast of Duluth, in Lake County, Minnesota, USA.

Gas samples were taken from the flowing well test and analyzed by Isotech Laboratories. 21 samples over 12 days were compositionally analyzed and had a range of helium of 14.48-7.91% by volume with an average of 9.91%. The carbon dioxide percentages ranged from 21.5% to 71.28% by volume with an average of 62.49%.

The Company notes that Jetstream #1 was drilled within 50ft (15m) of the LOD-6 discovery well (drilled in 2011), a mineral exploration borehole that encountered an uncontrolled gas from a depth of 1,778ft (542m), with concentration of 10.5% helium, measured in 2011. The gas flowed naturally to surface and showed no sign of pressure decline during the flow period of four days.

Jetstream #1 was designed to twin this discovery and encountered gas which naturally flowed to surface at a similar depth of between 1,740 - 1,975ft and had a maximum measured absolute open flow rate of 821 Mcf/d from fractured igneous reservoirs, with 8.7-14.5% helium and 62-74% CO2 measured, with no formation water present. Total depth drilled was 2,200ft, and Jetstream #1 is in a suspended state capable of being either re-entered or used for production.

In May 2024, the State of Minnesota enacted legislation that includes helium exploration, production and for leasing on state lands. The new regulatory framework allows the State of Minnesota to issue leases for exploration and production of non-hydrocarbon gases (including helium), with Pulsar already having lodged an application for new leases in areas of interest for helium and hydrogen. Prior to the new regulations, leases could only be issued on mineral rights that are privately held, accordingly all of Pulsar's existing leases are with private entities.

Helium Contingent and Prospective Resources Report Prepared by Sproule, an Independent Evaluator

Pulsar is pleased to share summary estimates from its Contingent Resources and Prospective Helium and CO2 Resources Report prepared by Sproule, an independent qualified reserves evaluator, dated August 21, 2024. All volumes are reported as unrisked and there is both a geological risk (Pg) and a Chance of Commerciality (Pc) that requires independent evaluation. The Chance of Commerciality (Pc) is the likelihood that the Topaz Project will, in a timely manner, be able to be commercialized. The Topaz Project has both commercial concentration helium (being not less than 0.5% by volume of gas) and CO2 and there are no significant environmental nor logistical barriers to commercialization given its location. Therefore, given the Resource base, the Pc is fairly high for an early stage project with a value of 0.65.

The Contingent and Prospective Resources data presented in the 2024 Sproule Report was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook (the "COGE Handbook") as of July 31, 2024. No economic evaluation was performed Sproule for any of the assigned resources. The evaluation adheres in all material aspects to the principles and definitions in the COGE Handbook.

The Company is not deemed to be engaged in oil and gas activities and as such they are not required to disclose under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. Additionally, Helium is not a defined "Product Type" in NI 51-101. Consequently, any reference to contingent or prospective resources in the 2024 Sproule Report should not be interpreted in being prepared in accordance with NI 51-101.

Evaluated Helium Contingent and Prospective Resources as of July 31, 2024 (unrisked)

Category / Level of Certainty


Recoverable

Contingent


Recoverable

Prospective


Recoverable

Contingent


Recoverable

Prospective


Gross (MMcf)


Gross (MMcf)


Net (MMcf)


Net (MMcf)

Low Estimate


3.2


53.5


1.6


11.5

Best Estimate


22.9


380.2


5.9


40.3

High Estimate


174.0


2,785.7


34.9


205.9

Evaluated CO2 Contingent and Prospective Resources as of July 31, 2024 (unrisked)

Category / Level of Certainty


Recoverable Contingent


Recoverable

Prospective




Recoverable

Contingent


Recoverable

Prospective


Gross (MMcf)


Gross (MMcf)


Net (MMcf)


Net (MMcf)

Low Estimate


24.2


410.2


11.9


88.0

Best Estimate


171.8


2,862.1


44.6


303.7

High Estimate


1,331.4


21,254.6


266.7


1,570.7

Notes:

Low Estimate - P90; Best Estimate - P50; High Estimate - P10.

The helium and CO2 resources are presented in millions of cubic feet (MMcf), at base conditions of 14.65 psia and 60 degrees Fahrenheit.

The resources are technical before any commercial or economic truncation.

The net resources stated are derived from Sproule's calculation of the Company's Net Revenue Interest in the applicable resource. Net Revenue Interest was calculated by taking the gross recoverable volumes attributable to a particular lease multiplied by the working interest and accounting for any royalties, severances or other payments required.

Additional Information Regarding the Contingent Resources

Contingent Resources are those quantities of gas estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development but which are not currently considered to be commercially recoverable due to one or more contingencies. There is uncertainty that it will be commercially viable to produce any portion of the resources. Contingent Resources do not constitute, and should not be confused with, reserves.

Four contingencies are identified for the Topaz Project development:

1) Evaluation Drilling & Testing: There is a requirement for more evaluation drilling to confirm the geological continuity of the reservoir and to reduce the uncertainty of the area of continuity of the reservoir from the proven productivity of the near wellbores. It is anticipated that as the Company continues to pursue primary development of the reservoir, commercial productivity will be established by testing closer to and within the primary production contingent resource areas, at which time this contingency would be removed.

2) Corporate Commitment: There has been no final investment decision and endorsement from the Company to move forward with commercial development of this asset. Gathering of the additional technical data is required to establish the commerciality of the project and make the final investment decision. Additionally, a detailed development plan has not been determined and further work needs to be completed to confirm how the resources will be developed. Currently, the Company is working on securing additional acreage by exercising lease options, pursuing additional lands, engaging vendors for drilling activities and engaging with local government and regulatory bodies. It is anticipated that as the development plan is refined the Company would be able to make a final investment decision, at which point this contingency would be lifted.

3) Market Access: There is a viable helium and carbon dioxide market in Minnesota. Considering the early stage of the project, the Company will be required to build helium extraction facilities as well as execute a helium and/or CO2 sales contract to allow for the product to reach markets. Once determination of market access has been completed, or will be completed in the near term, this contingency may be lifted.

4) Demonstration of commerciality: Once the uncertainties on the reservoir size are reduced and the determination of market access has been negotiated the field development plan can be designed and the economics can be calculated to determine a basis for commerciality and reserve determination.

Additional Information Regarding the Prospective Resources

The estimated quantities of a gas that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable non-hydrocarbon gases.

Risk

The Topaz Project has twice flowed and tested helium and carbon dioxide gas in volumetrically significant percentages and both wells demonstrated shut-in pressures that indicated a reservoir that extended beyond the immediate area of the wellbores. The Jetstream #1 well has been logged, cored and with an optical televiewer log has confirmed the presences of open, gas filled fractures. Therefore, the Geological Chance of Success for the Contingent Resource (Pg) has been assessed as 0.95.

The Prospective Resources are defined by the integration of a variety of geophysical methods that have tied back to multiple boreholes, including the Jetstream #1 well. These resources by definition are untested and undrilled and have a much higher risk. The largest uncertainty is the ability to locate the fracture network with the drill bit and the amount of regional connectivity of the fracture network. The estimated Geological Chance of Success for the Prospective Resources is assessed as 0.25. The Company is planning additional 2D and 3D seismic data acquisition for the purpose of reducing these uncertainties and following the acquisition, processing and interpretation it is anticipated that the Pg of the Prospective Resources will increase.

The Chance of Commerciality (Pc) is the likelihood that the Topaz Project will, in a timely manner, be able to be commercialized. The Topaz project has both commercial grade helium and CO2 and there are no significant environmental or logistical barriers to commercialization given its location. Therefore, given the Resource base, the Pc is fairly high for an early-stage project with an estimated value of 0.65.

AIM Dual-Listing and Financing

The Cornerstone Investment of £1.125 million will be made by way of a subscription for special warrants (the "Special Warrants") of the Company by Jerome Anthony Keen, a principal of OAK Securities (the "OAK Subscriber"), pursuant to a special warrant subscription agreement between the OAK Subscriber and the Company entered into on 21 August 2024. The Cornerstone Investment will be made by no later than 30 August 2024 and will form part of the £5 million that the Company is proposing to raise in connection with the AIM IPO.

The Special Warrants will entitle the holder on the exercise thereof to receive, without payment of any further consideration, such number of depositary interests over Common Shares equivalent to £1.125 million divided by the AIM IPO price, to be priced in the context of the market, subject to admission to trading on AIM of the Common Shares occurring by 31 October 2024 (or such later date as the OAK Subscriber, in its absolute discretion, may notify the Company in writing). If the AIM IPO has not occurred by 31 October 2024 (or such later date as the OAK Subscriber, in its absolute discretion, may notify the Company in writing), the Special Warrants will automatically be deemed exercised and entitle the OAK Subscriber to receive, without payment of any further consideration, such number of Common Shares equivalent to 1.2x the amount of the Cornerstone Investment (being C$2,400,000) divided by the market price of the Common Shares at that time, subject to receipt of TSX-V approval.

The Company intends to use the net proceeds of the AIM IPO primarily to fund the cost of the ongoing exploration programs at the Company's Topaz Project and for general working capital purposes.

As part of the AIM IPO process, the 2024 Sproule Report will be updated to produce a competent person's report in accordance with the requirements of AIM Note for Mining, Oil and Gas Companies. In addition, the Company intends to augment the structure of its Board in readiness for the AIM IPO.

Nomad & Broker Appointments

In connection with the AIM IPO, Pulsar has appointed Strand Hanson Limited as its Nominated and Financial Adviser and OAK Securities as its Broker.

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director

Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

OAK Securities*
info@OAK-securities.com
+44 203 973 3678

*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

IMPORTANT INFORMATION

The communication of this announcement is not being made, and has not been approved, by an authorised person for the purposes of section 21 of the UK Financial Services and Markets Act 2000.

The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, has not been approved by either of Strand Hanson Limited ("Strand") or OAK Securities (a trading name of Merlin Partners LLP) ("OAK") for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000 (as amended).

Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, in, into or from any restricted jurisdiction or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of United States, Australian, Japanese or South African securities laws.

This announcement does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or other securities in any restricted jurisdiction. The distribution of this announcement and other information in connection with the Admission in certain jurisdictions may be restricted by law and persons into whose possession this announcement, any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. Neither this announcement nor any part of it nor the fact of its distribution shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

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The Common Shares referred to in this Announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States. The securities may not be offered or sold in the United States absent registration under the US Securities Act or an available exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of securities in the United States.

Any subscription for or purchase of Common Shares should be made solely on the basis of the information contained in the final Admission Document to be published by the Company in connection with the Admission. The information in this announcement is for background purposes only and does not purport to be full or complete. No reliance may or should be placed for any purposes whatsoever on the information contained in this announcement or its accuracy, completeness or fairness. The information in this announcement is subject to change. However, the Company does not undertake to provide the recipient of this announcement with any additional information, or to update this announcement or to correct any inaccuracies, and the distribution of this announcement shall not be deemed to be any form of commitment on the part of the Company to proceed with the Admission or any transaction or arrangement referred to in this announcement. This announcement has not been approved by any competent regulatory authority.

Strand and/or OAK and any of their respective affiliates, acting as investors for their own accounts, may subscribe for or purchase Common Shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such Common Shares and other securities of the Company or related investments in connection with the Admission or otherwise. Accordingly, references in the Admission Document, once published, to the Common Shares being offered, subscribed, acquired, placed or otherwise dealt in should be read as including any offer to, or subscription, acquisition, placing or dealing by Strand and/or OAK and any of their respective affiliates acting as investors for their own accounts. In addition, Strand and/or OAK or their respective affiliates may enter into financing arrangements and swaps in connection with which it or its affiliates may from time to time acquire, hold or dispose of Common Shares. Neither Strand nor OAK has any intention to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Strand, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom is acting exclusively for the Company as the Company's nominated adviser for the purposes of the AIM Rules for Companies ("AIM Rules") and no one else in connection with the Admission, and Strand will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Admission or any other matters referred to in this announcement.

OAK, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom is acting exclusively for the Company as the Company's broker for the purposes of the AIM Rules and no one else in connection with the Admission, and OAK will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Admission or any other matters referred to in this announcement.

Neither Strand, nor OAK nor any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions contained in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith and any liability therefore is expressly disclaimed.

The anticipated timetable for Admission, including the publication of the Admission Document and/or the date of Admission, may be influenced by a range of circumstances, including market conditions. There is no guarantee that the Admission Document will be published or that Admission will occur and investors should not base their financial decisions on the Company's intentions in relation to the Admission at this stage.

The price of shares and any income expected from them may go down as well as up and investors may not get back the full amount invested upon disposal of the shares. Past performance is no guide to future performance, and persons needing advice should consult an independent financial adviser.
Certain figures contained in this announcement, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly to the total figure given.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

Solely for the purposes of Paragraph 3.2.7R regarding the responsibilities of UK Manufacturers under the Product Governance requirements contained within Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the UK Product Governance Requirements) may otherwise have with respect thereto, the Common Shares have been subject to a product approval process, which has determined that the Common Shares are: (i) compatible with an end target market of (a) retail investors, (b) investors who meet the criteria of professional clients and (c) eligible counterparties, each as defined in UK Product Governance Requirements; and (ii) eligible for distribution through all distribution channels as are permitted by UK Product Governance Requirements (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Common Shares may decline and investors could lose all or part of their investment; the Common Shares offer no guaranteed income and no capital protection; and an investment in the Common Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Fundraising. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of the UK Product Governance Requirements; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to, the Common Shares.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Placing Shares.

Each distributor is responsible for undertaking its own target market assessment in respect of the Placing Shares and determining appropriate distribution channels.

EU Product Governance Requirements

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("EU MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing EU MiFID II; and (c) local implementing measures (together, the "EU MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any 'manufacturer' (for the purposes of the EU MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Common Shares have been subject to a product approval process, which has determined that the Common Shares are: (i) compatible with an end target market of retail clients and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by EU MiFID II (the "EU Target Market Assessment"). Notwithstanding the EU Target Market Assessment, distributors should note that: the price of the Common Shares may decline and investors could lose all or part of their investment; the Common Shares offer no guaranteed income and no capital protection; and an investment in the Common Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The EU Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the possible Offer. Furthermore, it is noted that, notwithstanding the EU Target Market Assessment, the Investment Firms will only procure investors who meet the criteria of professional clients and eligible counterparties. For the avoidance of doubt, the EU Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of EU MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Common Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Common Shares and determining appropriate distribution channels.

Forward-Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the Company's intention to apply for admission to trading of the Company's common shares on the AIM Market of the London Stock Exchange and the timing of its targeted admission; the independent resource estimate for helium and CO2 at Topaz; the potential of CO2 as a valuable by-product of the Company's future helium production; the estimated Geological Chance of Success for the Prospective Resources and the Chance of Commerciality of Topaz; the potential for deepening Jetstream #1 and the potential impact of such deepening on the next iteration of the resource estimate; the Company's expectation that its application on an additional 32,949 acres for the extraction of non-hydrocarbon gases will be granted in the near term; and the intended use of proceeds from the AIM IPO. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals.

No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.

Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates and the potential for delays in the commencement of drilling; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus dated July 31, 2023 filed on the Company's profile on www.sedarplus.ca. Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

SOURCE: Pulsar Helium Inc.
https://finance.yahoo.com/news/pulsar-helium-announces-independent-estimate-210000614.html

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Pulsar Helium provides update to legislators

by Nick Wognum 08/10/2024 08:00 AM

Pulsar Helium provides update to legislators

Production could start as soon as next year

Four area legislators received a personal update from the President of Pulsar Helium, Thomas Abraham- James, in an Aug. 31 on site tour.

Abraham-James explained the beginning, current status and future outlook for a company that struck gold with one of the highest concentrations of helium ever found anywhere on Earth.

Abraham-James said it’s possible production could start as soon as next year with the company tapping the 14.5 percent of helium that has roared out of a well that has already underground substantial testing.

On Aug. 7, Pulsar will conduct seismic testing to help determine the size of the helium deposit which will go toward answering how long a plant east of Babbitt near Hwy. 2 would be in production.

Legislators Rep. Roger Skraba (R-Ely), Rep. Natalie Zeleznikar (R-Hermantown), Sen. Grant Hauschild (DFL-Hermantown) and Rep. Dave Lislegard (DFL-Aurora) had plenty of questions at the site.

Abraham-James said pulsar has come a long way since they started acquiring private landowner mineral rights in 2017 and having discussions with the state Department of Natural Resources.

“Everyone thought we were crazy talking about non-hydrocarbon gases in northern Minnesota,” said Abraham-James.

While the company’s stock took a large initial jump, it has settled in and even dropped as investor’s wait for answers.

“How big is this thing? That’s the biggest question,” said Abraham-James. “What we’ve been doing before we drilled in February was the build up work. So airborne surveys, geophysics, ground, seismic, all these things to build up a picture saying, is this an isolated occurrence? Are we looking at something that’s regional in this extent? And the data proved that this does appear to be something which is significant so it’s not in the isolated pocket.”

The company was able to replicate the results of the initial test drilling that accidentally found the helium in 2011.

The well drilled in February went to 1,760 feet and Abraham-James said Pulsar now believes the deposit may go even deeper.

“We now know that this is very likely to extend for another 1,000 feet,” said Abraham-James.

Pulsar will extend their exploration much farther than the 50 feet from the original drill hole.

ON SITE for the Pulsar Helium update were Rep. Roger Skraba, Rep. Natalie Zeleznikar, President of Pulsar Helium, Thomas Abraham-James, Sen. Grant Hauschild and Rep. Dave Lislegard. Photo by Steve Groteboer.

“Our intention is later this year, we’re going to drill deeper and then do some step out wells about a mile away from where we are now and see okay, can we replicate this? Is the reservoir connected, this hole and the other one, so they talk to each other? That really decreases the risk around the resource. How believable is it? How long can it produce for? And those are the questions that we hope to have answered by the end of this year,” said Abraham-James.

He credited the four legislators for working together to get legislation passed that will set rules on the process as well as implement production taxes on helium deposits in Minnesota.

“Having clarity around that is really key,” said Abraham- James.

He said Pulsar may be the first company in Minnesota to mine helium but there will be others. He said hydrogen has been found here as well.

“We know that this geological feature that’s here, it does extend into Ontario, and it does go down to Iowa. This is a big, regional deposit,” said Abraham-James. “I think that being the first mover advantage is extremely important for attracting new people here as well. I mean, for us we’re very supportive of new entrants coming in looking for helium. We know this is a big play. And it’s never great being the only kid in town.”

In addition to the company’s private mineral rights on over 2,089 net acres, Pulsar has an exclusive option for 2,092 additional net acres.

Abraham-James said Pulsar is now pursuing state leases as well.

“We want state land as well, because we have data already collected over a very good area. And we could effectively instead of being constrained by imaginary boundaries, but to go out into that state land, it is actually very important for us to have all the rules on royalties, everything, we will adhere to the rules,” said Abraham- James.

He said the company has already gone above and beyond current drilling regulations, which actually caused the state to issues two variances for exceeding state standards.

“Now with the feedback from the public health department that said that’s the right the way you’re doing it, and it actually makes an awful lot of sense that you do it this way. Maybe we’ll be grading our regulations in line with what you’re doing, which is really nice to hear,” said Abraham-James.

Pulsar did find the state is still catching up on the permitting and leasing rules, but they expect that process to play out fairly quickly.

Skraba asked about if there has been progress on rules regarding pooling where helium and other gases could be extracted from other adjacent lands.

Abraham-James said pooling in established oil wells is much different than dealing with helium.

“Mother Nature is a different beast. So it’s actually extremely hard to be able to predict that connectivity until we conduct the work,” said Abraham-James.

Skraba also asked about the origins of the helium and whether it is continuing to be produced underground.

“The most prolific helium plant in the USA is in Wyoming. It’s owned by Exxon Mobil. It’s a helium and CO2 production facility that is almost a copy paste of what we have right here. So the most prolific is a CO2 dominant system,” said Abraham-James.

He explained the helium is created by the ancient Duluth Complex.

“You’ve got some of the oldest rocks on the planet,” said Abraham-James. “The older rocks are very well endowed with uranium and thorium. They’re big elements that are incompatible with old rock types. So the old rocks get rid of like the gunk. So the uranium and thorium, they decay and one thing that is created is what’s called an alpha particle, which is a helium atom that’s produced and so we know that this area is prolific for the production, because the age and the endowment with those radioactive elements. But there’s no radioactivity anymore. That’s billions of years ago.”

Abraham-James said often times the gas is sealed in granite but in the Duluth Complex the Mid-Continent Rift created fractures in the rock that hold the helium until it can reach the surface.

In addition there is CO2 at high concentrations, as much as seven times the level of helium. He said Minnesota has to import its CO2 so there is a market for that as well.

“So you’ve got this sort of Goldilocks zone, which is highly favorable to helium and CO2,” said Abraham James. “But importantly, not hydrocarbons. Hydrocarbons is the kiss of death in our business.”

The company believes they are getting close to being able to bring helium and CO2 to market.

“I think, next year, there’s a distinct possibility that we may be able to see a bit of production starting. We feel with an aggressive schedule that may be possible,” said Abraham-James.

While helium has many uses from medical to semiconductors to fiber optics, Abraham-James said there is also a market for CO2. Helium would be sold in a gas form while CO2 would be in a liquid form.

“CO2 is used in drinks of course, beer for example, food for packaging, and then also for potable water. So for tap water to change the pH level, they include CO2 to drop the acidity and that’s a major use,” said Abraham- James.

He said CO2 is mainly used for pushing oil out of the ground.

“So what that leaves behind is the CO2 needed for food, beverage and potable water,” said Abraham-James. “And Minnesota being so far from the market, it’s amplified.”

Pulsar believes helium could be used in Minnesota’s semiconductor plants.

The company may build a facility in Two Harbors to turn the helium from a gas to a liquid.

“Interestingly the gold standard of helium production facilities is manufactured in New Prague, Minnesota,” said Abraham-James.

Abraham-James did respond to a question about Minnesota having such a diverse group of minerals and now gases located in the northeast part of the state.

“Here you’ve got platinum, palladium, copper, nickel, iron, helium, gold that’s a computer chip right there,” said Abraham-James.

Pulsar’s CEO said the company made a conscious decision to share its information along the way.

Skraba said that helped in St. Paul when environmental groups endorsed the legislation regulating production.

“As a company we had a choice to fly under the radar, be quiet and hope nobody notices or full disclosure. And of course we took the latter option,” said Abraham-James. “And thank goodness, we took that approach and full transparency.”

Zeleznikar credited the company for being an open book to the public.

“You brought everybody to the table right from the start,” said Zeleznikar. “ You eliminate all the issues that happen when people aren’t allowed to ask questions and to see firsthand like we’re doing today. When you do that, I think it builds trust. That builds credibility that will go miles.”

On jobs created, Abraham- James said the process will be fairly automated but he expects 20 jobs but believes there will be ancillary jobs as well.

He said the company will need electricity but no pipelines will be built.

When sked about the value if a truck per day of helium is exported from the site, Abraham-James said one truck would hold a million cubic feet of liquid helium which would be more than $1 million. Skraba asked about the CO2 value but Abraham- James said that dollar amount can vary widely since it is not publicly traded.

Abraham-James explained the different gases are separated using membranes and temperature control.

“What we would do is that the bulk of gas will come out and then probably the likely first step would be go through a series of membranes, and they scrub out the atomic size of the gases until helium remains,” said Abraham-James.

LISTENING to Pulsar Helium president Thomas Abraham-James were Sen. Grant Hauschild, Rep. Natalie Zeleznikar, Rep. Dave Lislegard and Rep. Roger Skraba. Photo by Steve Groteboer.

SHARING A LAUGH with Pulsar Helium president Thomas Abraham-James (second from right) were Rep. Roger Skraba, Rep. Dave Lislegard, Sen. Grant Hauschild, and Rep. Natalie Zeleznikar on a site visit Aug. 31. Photo by Steve Groteboer.

https://www.elyecho.com/article/1846,pulsar-helium-provides-update-to-legislators

Pulsar Provides an Update for Operational Activities Currently Underway at the Topaz and Tunu Helium Projects

August 13, 2024 06:00 ET | Source: Pulsar Helium

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”), provides an operational update for its Topaz project in Minnesota, and Tunu project in Greenland. At Topaz, acquisition of a 20.4km (12.7 mile) long 2D seismic line has commenced, and at Tunu the passive seismic survey is underway.

Topaz

Data acquisition for the 20.4km (12.7 mile) 2D seismic survey began on August 8th at the Topaz project in Minnesota, USA. The 2D seismic line was commissioned after the successful seismic sweep survey (refer to Pulsar news release dated July 9, 2024) that identified a seismic reflector at a depth coincident with the helium-bearing zone encountered in Jetstream #1 and as a result demonstrating that this method is an efficient exploration tool. The 2D seismic survey acquisition is expected to complete mid-August, which will then undergo processing and interpretation.

The 2D seismic line is expected to provide high-resolution structural data and will be used to complement and update the current subsurface 3D model. The survey utilises existing road access, in a nominal E-W orientation, and passes within 460 metres (1,509 feet) to the south of the Jetstream #1 appraisal well. The combination of this data with the existing dataset will be used to assist the placement of step out appraisal wells from Jetstream #1.

The updated Topaz resource estimation being conducted by Sproule International Ltd is near completion and anticipated to be received in August.

Tunu

Field activities are underway for the 2024 field season at the Tunu project, Greenland. The first array of passive seismic survey nodes was deployed on August 6th, at the Kap Tobin prospect in the south of the licence area. A total of three passive seismic arrays are planned and anticipated to be completed in September and then sent for processing and interpretation. The passive seismic survey will provide the first sub-surface dataset for the Tunu project.

Migratory primary helium (not associated with hydrocarbons) was identified by the Company at Kap Tobin, in addition to a potential geothermal heat source. There are multiple un-tested hot springs within the project area that provide a favourable sample medium for gases from depth, emanating at surface.

Passive seismic, formally referred to as ambient noise tomography, is a cost effective and non-invasive geophysical method employing background seismic noise, generated by human activities or natural sources, to generate 3D maps of subsurface structures. Through analyzing the variations in ambient noise propagation, geoscientists can measure details about the 3D velocity variation and properties of geological bodies.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director

Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain statements that may be deemed to be forward-looking information under applicable Canadian securities legislation (together, the "forward-looking statements") that relate to the Company’s current expectations and view of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "believe", "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "potential" and similar expressions) are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the timing of completion of the 2D seismic line at Topaz; the expected number of passive seismic arrays at Tunu and the expected timing of completion of such seismic arrays; and the anticipated timing of receipt of the updated resource estimate at Topaz. Forward-looking statements are necessarily based on estimates and assumptions made by management of the Company in light of our experience and perception of historical trends, current conditions and expected future developments, as well as the factors we believe are appropriate. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are as of the date of this news release and, other than as required under applicable securities legislation, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Please see the public filings of the Company at www.sedarplus.ca for further information.

https://www.globenewswire.com/news-release/2024/08/13/2928985/0/en/Pulsar-Provides-an-Update-for-Operational-Activities-Currently-Underway-at-the-Topaz-and-Tunu-Helium-Projects.html

NEWS RELEASE | JULY 9, 2024 | VANCOUVER BC
PULSAR ANNOUNCES POSITIVE OUTCOME FROM SEISMIC SURVEY AT THE TOPAZ HELIUM PROJECT
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”), the emerging multi project pure play helium development company, is pleased to provide an update on progress at its flagship 100% owned Topaz helium project in Minnesota. This includes positive results from a 2D seismic sweep survey, and an update on additional geophysical surveys from the ongoing exploration program.
• 1.1 km (0.7 mi) long 2D seismic sweep survey shows a seismic reflector identified at the same depth
as gas intersected in Jetstream #1 appraisal well, and additional reflectors observed at depth.
• Further 20.4km (12.7 mi) long 2D seismic line scheduled to commence in July to assist in the
placement of step out wells from Jetstream #1 appraisal well, which flowed North America’s highest
concentration of helium at 14.5%.
• Processed infill high-resolution airborne gravity gradiometry and magnetic data received and ready
for interpretation.
• Sproule International Ltd expected to publish an updated resource calculation in July.
Pulsar President & CEO, Thomas Abraham-James, commented: “We are delighted to receive this 2D seismic data, which demonstrates that the helium-bearing zone encountered in Topaz’s Jetstream #1 appraisal well is identifiable and that additional gas-bearing zones are likely at depth. This new data, alongside existing drilling, passive seismic, and gravity information, sets the stage for our upcoming drilling program where we plan to deepen Jetstream #1 and drill additional step-out wells. This is a busy period for us, as we also anticipate receiving the Topaz resource calculation from Sproule later this month.”
Interpretation of the 2D seismic sweep shows a seismic reflector # at a depth coincident with the helium-bearing zone intersected in Jetstream #1, and additional reflectors with similar characteristics at greater depth. The positive result highlights 2D seismic reflection as an efficient exploration tool and supports the larger 2D seismic survey scheduled for July as well as potential future 3D seismic surveys. The sweep line was 1.1km (0.7 mi) in length, in a N-S orientation, with receivers at 10m (33ft) interval, and located 150m (492ft) west of Jetstream #1.
A 20.4km (12.7 mi) long, east-west orientated 2D seismic line is scheduled to commence later in July. This will provide regional high-resolution data to complement the existing passive seismic and airborne gravity gradiometry (AGG) data. The combination of this data will be used to assist the placement of step out wells from Jetstream #1.
Pulsar has also received processed AGG, magnetic and Lidar data from an infill survey flown in May covering an area of 190km 2 (118mi2 )which is now ready for interpretation. When combined with the AGG data acquired in 2022, the survey has a combined resolution of 150m (492ft) line spacing. AGG is an industry- leading geophysical technique for mapping geological units and structure.

Resource Calculation
All technical data for Topaz has been transferred to Sproule International Ltd, which is expected to publish an updated resource calculation in July.
* In the State of Minnesota, the regulatory term is ‘exploratory boring’. # A seismic reflector is an interface between subsurface layers with contrasting acoustic impedances that reflects a
portion of seismic wave energy back to the surface, allowing geophysicists to image and interpret subsurface structures.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward–looking statements and forward–looking information within the meaning of Canadian securities legislation (collectively, "forward–looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward–looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such
forward–looking statements. No assurance can be given that these expectations will prove to be correct and such forward–looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating
costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice.
These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration
and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward–looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward– looking statements. Such risks and uncertainties include but are not limited to Pulsar may be unsuccessful in drilling commercially productive wells; drill costs may be higher than estimates; delays in the commencement of drilling, a temporary permit may not be issued, and other factors set forth under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise any
forward– looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward–looking statement. Any forward–looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

https://cdn.prod.website-files.com/643e9b04697598ab2651d990/668cf22d84367fb059b38cd6_PLSRNR2024-29_JetstreamSeismic.pdf

Weekly Chart

VANCOUVER, BC / ACCESSWIRE / July 4, 2024 / Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company") announces that pursuant to the Executive Chair and Director Fee Arrangements, the Company will issue 121,644 common shares (the "Shares") in satisfaction of certain fees to be settled in Shares in lieu of cash for the period January to June 2024. The deemed issue price is based on the five (5) day volume weighted average price of $0.8439 per Share.

The issue of the Shares for services is subject to the approval of the TSX Venture Exchange. Shares issued will be subject to a four-month hold period from the date of issue.

The fees will be paid in accordance with the Executive Chair and Director Fee Arrangements, approved by the disinterested shareholders on April 30, 2024 (see management information circular of Pulsar dated as of March 13, 2024), a copy of which is available on SEDAR+ (www.sedarplus.ca) under Pulsar's issuer profile.

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"
President, CEO and Director

Further Information:

Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Pulsar Helium Inc.

https://finance.yahoo.com/news/pulsar-shares-services-210000373.html

Weekly Chart

Pulsar Helium Inc. (OTCQB: PSRHF | TSXV: PLSR): Virtual Investor Conference

June 2024 Presentation

https://files.elfsightcdn.com/eafe4a4d-3436-495d-b748-5bdce62d911d/02849b2d-f272-4972-b1c2-313cee214871/Pulsar_corp_deck_June24.pdf

PULSAR ANNOUNCES FURTHER ANALYSIS PUTTING TOPAZ IN THE TOP TIER OF GLOBAL PRIMARY HELIUM PROJECTS

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is today reporting further results from its ongoing exploration program at its 100% owned Topaz project in Minnesota.
• Flow rate of up to 821,000 cubic feet per day with helium grade between 8.7-14.5%.
• 162 psi (1,117 kpa) bottom hole pressure.
• 70% pressure rebound within the first hour of post-flow shut-in. The fast build-up of pressure is
regarded as highly positive, suggesting that there is a significant volume of gas present.
As previously announced, the Jetstream #1 appraisal well* recently completed flow testing operations where gas was recorded over a total of five flow tests at rates of up to 821,000 cubic feet per day with no formation water present. Laboratory analysis confirmed the world-class grade of helium, with analysis from an independent laboratory calculating helium content in the range of 8.7-14.5%.
The combination of flow rate multiplied by helium concentration confirms Jetstream #1 as world-class helium well in the context of other publicly listed helium explorers and developers.
The Jetstream #1 appraisal well is Pulsar’s first and only well on the property, which twinned and surpassed the original 2011 discovery which reported helium hosted in fractures. Ongoing analysis of Jetstream #1 has identified additional fractures sets, which in combination with the data collected to date confirms the presence of a globally significant discovery and provides Pulsar with the confidence to drill deeper and test the entirety of the interpreted helium-bearing zone, as identified by seismic surveys conducted by the Company.

Additional pressure data acquired from Jetstream #1 has confirmed 162 psi (1,117 kpa) bottom hole pressure, and 70% pressure rebound within the first hour of post-flow shut-in, suggesting the presence of significant volumes of gas. Well head (surface) pressure of 20 psi as previously announced, is not a static shut-in pressure, which was measured at 144 psi (993 kpa). Decreasing the flowing tubing head pressure at the surface serves to have a corresponding increase in the flow rate.

Ongoing Work
All data is now being transferred to Sproule International Ltd for their resource update calculation, expected to be completed in July. In the meantime, the Company is preparing for additional field activities consisting of seismic surveys, interpretation of the recently acquired in-fill FALCON airborne gravity gradiometry, and preparation for drilling later in 2024. The drilling is likely to consist of deepening Jetstream #1 and drilling step-out wells.

* In the State of Minnesota, the regulatory term is ‘exploratory boring’.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward–looking statements and forward–looking information within the meaning of Canadian securities legislation (collectively, "forward–looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated","anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward–looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such
forward–looking statements. No assurance can be given that these expectations will prove to be correct and such forward–looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated
with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may makedifferent estimates of resources, cash flows, or other variables based on the same available data.

Forward–looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward– looking statements. Such risks and uncertainties include but are not limited to Pulsar may be unsuccessful in drilling commercially productive wells; drill costs may be higher than estimates; delays in the commencement of drilling, a temporary permit may not be issued, and other factors set forth under "Cautionary Note Regarding Forward Looking Statements and Market and Industry
Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise any forward– looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward–looking statement. Any forward–looking statements
contained in this news release are expressly qualified in their entirety by this cautionary statement.

https://cdn.prod.website-files.com/643e9b04697598ab2651d990/6666cac7fb15ceec633c6e03_PLSRNR2024-25_JetstreamUpdate.pdf

821,000 scfd does not sound like much to me. I worked in a H2 plant that circulated 100 million scfd.

We're Hopeful That Pulsar Helium (CVE:PLSR) Will Use Its Cash Wisely
Simply Wall St
June 07, 2024

TSXV:PLSR
Source: Shutterstock

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Pulsar Helium (CVE:PLSR) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'.

View our latest analysis for Pulsar Helium
How Long Is Pulsar Helium's Cash Runway?

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In March 2024, Pulsar Helium had US$2.3m in cash, and was debt-free. Importantly, its cash burn was US$4.5m over the trailing twelve months. So it had a cash runway of approximately 6 months from March 2024. Notably, one analyst forecasts that Pulsar Helium will break even (at a free cash flow level) in about 11 months. That means it doesn't have a great deal of breathing room, but it shouldn't really need more cash, considering that cash burn should be continually reducing. The image below shows how its cash balance has been changing over the last few years.
debt-equity-history-analysis
TSXV:PLSR Debt to Equity History June 7th 2024

How Is Pulsar Helium's Cash Burn Changing Over Time?

Because Pulsar Helium isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. The skyrocketing cash burn up 175% year on year certainly tests our nerves. That sort of spending growth rate can't continue for very long before it causes balance sheet weakness, generally speaking. Admittedly, we're a bit cautious of Pulsar Helium due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can Pulsar Helium Raise Cash?

Given its cash burn trajectory, Pulsar Helium shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Since it has a market capitalisation of US$92m, Pulsar Helium's US$4.5m in cash burn equates to about 4.9% of its market value. That's a low proportion, so we figure the company would be able to raise more cash to fund growth, with a little dilution, or even to simply borrow some money.

So, Should We Worry About Pulsar Helium's Cash Burn?

Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Pulsar Helium's cash burn relative to its market cap was relatively promising. There's no doubt that shareholders can take a lot of heart from the fact that at least one analyst is forecasting it will reach breakeven before too long. Cash burning companies are always on the riskier side of things, but after considering all of the factors discussed in this short piece, we're not too worried about its rate of cash burn. Taking a deeper dive, we've spotted 7 warning signs for Pulsar Helium you should be aware of, and 4 of them are concerning.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies with significant insider holdings, and this list of stocks growth stocks (according to analyst forecasts)

Valuation is complex, but we're helping make it simple.

Find out whether Pulsar Helium is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About TSXV:PLSR
Pulsar Helium

Engages in the acquisition, exploration, and development of helium properties in the United States and Greenland.

https://simplywall.st/stocks/ca/energy/tsxv-plsr/pulsar-helium-shares/news/were-hopeful-that-pulsar-helium-cveplsr-will-use-its-cash-wi

Pulsar Helium finds promising progress with Babbitt well
By Hayley Raatsi
Published: Jun. 6, 2024 at 5:34 PM EDT

BABBITT, Minn. (Northern News Now) - The company drilling for helium in Babbitt is seeing some uplifting progress.

Pulsar Helium has been testing helium and gas flows and they’ve found more promising results, according to a report released Thursday.

Those with the company say based on their tests of the gas concentrations, it’s one of the best helium wells ever drilled.

In March, Pulsar Helium announced concentrations of almost 14%.

Now, they are still between almost 9% and 14% meaning the gas is proving high grade.

The gas is flowing freely to the surface so the company doesn’t need to intervene, something that could raise costs and environmental permitting issues.

Pulsar plans to drill deeper in the future to get the most out of the well.

Leaders say they also found a high amount of carbon dioxide, which is worth even more than natural gas right now.

That discovery could help pay for parts of the helium project.

The project is still in the permitting phase.

https://www.northernnewsnow.com/2024/06/06/pulsar-helium-finds-promising-progress-with-babbitt-well/

Most helium wells average 3 percent helium. If you look at their seismic survey, it shows the field to have an average depth of 4500 feet and extends to 6000 feet in places, see page 17. They only drilled to 1778 feet. This field looks to cover several miles.

https://files.elfsightcdn.com/eafe4a4d-3436-495d-b748-5bdce62d911d/2b13838c-ccd2-4588-9c01-288201a7a58f/Pulsar_corp_deck_26MAY24.pdf

Looks to be profit taking.

Quite obviously the market did not like the news today.
My guess is the flow-rate was on the low side. On the
positive side the Helium bearing rock may extend about
one kilometer lower which may suggest a larger potential
deposit. The PR suggested they may want to drill Jet Stream
1 deeper. They may also want to drill a step-out well. My
speculation (and I am by no means an expert) is that it may
take a greater number of wells to be drilled in order to make
a liquification plant economic. I do hope in time Pulsar will
either sell to a more experienced player with greater economic
resources and/or JVs. Perhaps a deeper well or a well drilled
at a different location may have a higher flow rate.
The key now is how prospective this discovery is...
Does it hold a "Monster" helium deposit or something
more normal?

Could it be that your "Blue" from a different point in time? Depicted by the Kevin Costner character of (William Wallace) "GREAT SCOTT" If so, people still reference you pertaining to the way "Blue" would swoop in and pump & pump just never to be heard of again when the price drops.

Yes. This looks very promising. If this catches the eyes of a couple of more institutions, we are off to the races.

PULSAR ANNOUNCES HELIUM FLOWING TO SURFACE AT JETSTREAM #1 IN MINNESOTA

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce the safe and timely completion of logging, completion, and flow testing activities at the Jetstream #1 appraisal well* at its flagship Topaz helium project. A summary of the results is as follows:
• Helium and associated gases flowed to surface naturally in a free gas phase,
• Flow testing after clean up recorded a maximum rate of 821 thousand cubic feet per day (Mcf/d),
• New laboratory results from produced gas confirm concentrations between 8.7 – 14.5% helium,
• CO2 concentrations exceeding 70% have the potential to contribute to project economics,
• Vertical Seismic Profile (VSP) and wireline optical televiewer data was collected, and
• In-fill Airborne Gravity Gradiometry (AGG) survey flown.

Pulsar President and CEO, Thomas Abraham-James, stated: “The results of the Jetstream #1 flow test and laboratory analysis confirm a major new helium discovery, putting Topaz in the top tier of global primary helium projects. The comprehensive dataset acquired will give the Company the assurance it needs to fast track activities and realize Topaz’s commercial potential. The data will be analyzed by Sproule for their updated resource estimate, along with recommendations for future appraisal and development planning at Topaz. This is the first dedicated helium well drilled in Minnesota, and all data gathered indicates that this is not an isolated occurrence with the helium-bearing zone likely to extend laterally and at depth.”

Proposed future work The Jetstream #1 appraisal well was designed to replicate the original 2011 discovery at LOD-6. This was successful and the existing seismic data suggests that the helium-bearing zone persists at depth, up to an additional kilometer (3,281 feet). Future work programs are proposed to consist of deepening Jetstream #1 to assess this potential, in conjunction with drilling a nearby step-out well and conducting a 3D seismic survey to define the structural extent of the resource.

Flow Testing
Completion and initial flow testing activities have been finalized at the Jetstream #1 appraisal well. The flow test program included five flow tests of both natural flow and under wellhead compression from the open- hole section of the well (between 503-671 meters (1,650–2,200 feet) depth). Each test lasted approximately six hours in duration with pressure build-ups of 18 hours between natural flow tests and approximately six days until the start of the compression tests.

The flow test with well site compression reached a maximum absolute open flow of 821 Mcf/d at a flowing tubing head pressure of 20 psi on a 1 inch choke. Results during natural flow climbed to a peak of 150 Mcf/d with 34 psi flowing tubing head pressure on a 1 inch choke with the rate still on incline at the six-hour shut- in mark. Step rate and choked tests were also acquired to help understand reservoir production parameters which will be announced in due course.

* In the State of Minnesota, the regulatory term is ‘exploratory boring’.
Following well tests, tubing head pressure built up rapidly to near pre-flow conditions. There was evidence of introduced drilling fluid interference during the testing process, specifically in follow-up flows. Preliminary analysis indicates this is easily mitigated until these fluids are recovered during an early production clean-up flow period.

Laboratory Analysis
Gas samples were collected throughout the flow testing operations and were distributed to Isotech
Laboratory, the Woods Hole Oceanographic Institute, and Caltech Noble Gas Lab. The results from Isotech have been received with up to 14.5% helium measured, prior to any atmospheric contamination correction.
An average of 9.9% helium was derived across 21 samples. Associated major gases include CO2 content of up to 71%, nitrogen up to 24%, and hydrocarbons constituting <5% of the total gas content. Gas isotope analysis will take place later in June for detailed gas chemistry investigation.

Resource Update
All data obtained from the Jetstream #1 well, in conjunction with seismic, gravity and magnetic data is being assessed by Sproule International Limited for an updated resource estimate to the Topaz project, contingent and prospective resource calculations. Further updates on this will be provided in due course.

Logging / Data Acquisition
Data acquired during the recent activities includes both downhole and broader site data, as follows:
• An optical televiewer was run through the open hole portion of the Jetstream #1 by Inner Earth
Technologies. Preliminary interpretation of the high-resolution image data confirms a series of fractures
within the open-hole section of the well across a 19 meter (62 foot) gross interval.
• A downhole vertical seismic profile (VSP) was acquired at Jetstream #1 by Baker Hughes and their partner SAExploration. The VSP gathers data on acoustic rock properties and provides a seismic image at the well location for depth correlation to future seismic imaging. In conjunction with the VSP, SAExploration conducted a series of seismic sweeps in the vicinity of Jetstream #1 to facilitate the design of future seismic acquisition.
• Xcalibur MPH (Canada) Ltd acquired an in-fill FALCON Airborne Gravity Gradiometry (AGG) and magnetic survey over the Topaz project area in May. The survey increases the data density for the FALCON survey acquired in 2022 to provide a higher resolution dataset to enhance the subsurface imaging. The Company will provide a further update on independent evaluations of the Jetstream #1 well data as additional material information is received. Data acquired during the past three weeks will assist with understanding of the Topaz resource, future potential production performance, facility design, and regional work program planning.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of its flagship Topaz helium project in Minnesota, USA, that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release contains forward–looking statements and forward–looking information within the meaning of Canadian securities legislation (collectively, "forward–looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward–looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward–looking statements. No assurance can be given that these expectations will prove to be correct and such
forward–looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating
costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward–looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward– looking statements. Such risks and uncertainties include but are not limited to Pulsar may be unsuccessful in drilling commercially productive wells; drill costs may be higher than estimates; delays in the commencement of drilling, a temporary permit may not be issued, and other factors set forth under "Cautionary Note Regarding Forward Looking Statements and Market and Industry
Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise any forward– looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward–looking statement. Any forward–looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

https://cdn.prod.website-files.com/643e9b04697598ab2651d990/6661444e87f49c335e543809_PLSRNR2024-24_Jetstream_Results.pdf

Daily Chart

PULSAR ANNOUNCES NEW HELIUM LEGISLATION IN THE STATE OF MINNESOTA

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce that the State of Minnesota has enacted new legislation that includes helium exploration, production and for leasing on state lands following advances made by the Company at its Topaz helium project where the Jetstream #1 well flowed 13.8% helium. The new legislation came into effect on May 22 nd , after being signed into law by the State Governor.

The new regulatory framework allows the State of Minnesota to issue leases for exploration and production of non-hydrocarbon gases (including helium), with Pulsar already having lodged an application for new leases in areas of interest for helium and hydrogen. Prior to the new regulations, leases could only be issued on mineral rights that are privately held, accordingly all of Pulsar’s existing leases are with private entities.

Permitting of helium production projects will be governed by a temporary regulatory framework prior to final rules being adopted. By January 15, 2025, the Minnesota Department of Natural Resources commissioner must submit recommendations to the relevant legislative committees for statutory and policy changes to facilitate exploration and production of non-hydrocarbon gases (including helium) and support temporary permits for gas (including helium) exploration and production.

President and Chief Executive Officer Thomas Abraham-James commented: “Minnesota is open for business, and we are grateful to the State for supporting this new industry. The new legislation gives Pulsar certainty moving forward, creating a clear regulatory pathway for us to take Topaz to production.

As a result, we are now planning to accelerate our works at Topaz and expand our footprint in Minnesota.”
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the Topaz helium project in Minnesota that has been drilled and flowed 13.8% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=

NEWS RELEASE | MAY 23, 2024 | VANCOUVER BC
PULSAR ANNOUNCES NEW HELIUM LEGISLATION IN THE STATE OF MINNESOTA

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce that the State of Minnesota has enacted new legislation that includes helium exploration, production and for leasing on state lands following advances made by the Company at its Topaz helium project where the Jetstream #1 well flowed 13.8% helium. The new legislation came into effect on May 22 nd , after being signed into law by the State Governor.

The new regulatory framework allows the State of Minnesota to issue leases for exploration and production of non-hydrocarbon gases (including helium), with Pulsar already having lodged an application for new leases in areas of interest for helium and hydrogen. Prior to the new regulations, leases could only be issued on mineral rights that are privately held, accordingly all of Pulsar’s existing leases are with private entities.

Permitting of helium production projects will be governed by a temporary regulatory framework prior to final rules being adopted. By January 15, 2025, the Minnesota Department of Natural Resources commissioner must submit recommendations to the relevant legislative committees for statutory and policy changes to facilitate exploration and production of non-hydrocarbon gases (including helium) and support temporary permits for gas (including helium) exploration and production.

President and Chief Executive Officer Thomas Abraham-James commented: “Minnesota is open for business, and we are grateful to the State for supporting this new industry. The new legislation gives Pulsar certainty moving forward, creating a clear regulatory pathway for us to take Topaz to production. As a result, we are now planning to accelerate our works at Topaz and expand our footprint in Minnesota.”

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the Topaz helium project in Minnesota that has been drilled and flowed 13.8% helium, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release contains forward–looking statements and forward–looking information within the meaning of Canadian securities legislation (collectively, "forward–looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward–looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward–looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to temporary permits for gas (including helium) exploration and production being issued to Pulsar on a timely basis, the application for new leases being successful. No assurance can be given that these expectations will prove to be correct and such forward–looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.

Forward–looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward– looking statements. Such risks and uncertainties include but are not limited to Pulsar may be unsuccessful in drilling commercially productive wells; drill costs may be higher than estimates; delays in the commencement of drilling, a temporary permit may not be issued, and other factors set forth under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise any forward– looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward–looking statement. Any forward–looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

https://assets-global.website-files.com/643e9b04697598ab2651d990/664f0b06a2899c55635047a7_PLSRNR2024-23_Legislation.pdf

PULSAR HELIUM ANNOUNCES WELL WORKS AT THE JETSTREAM #1, TOPAZ PROJECT
May 16, 2024
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce
commencement of additional downhole well works at Jetstream #1 appraisal well* at its flagship Topaz helium
project. Well activities are expected to occur in three phases of work activities over approximately two weeks.
The initial phase will focus on additional downhole data acquisitions, followed by a second phase of wellhead
and wellbore works in preparation for the final phase which consists of the flow testing and pressure build-up
program.
* In the State of Minnesota, the regulatory term is ‘exploratory boring’.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and
on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the Topaz helium project in Minnesota, USA
and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium
occurrences not associated with the production of hydrocarbons identified at each. For further information
visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

https://assets-global.website-files.com/643e9b04697598ab2651d990/6645df15d075e3f8defeb370_PLSRNR2024-22_WellWorks.pdf

NEWS RELEASE | MAY 8, 2024 | VANCOUVER BC
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PULSAR RECEIVES CDN$5 MILLION FROM WARRANT EXERCISES
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce that 100% of the 10,295,858 common share purchase warrants (the “Warrants”) subject to the Warrant Acceleration Notice as announced on April 5, 2024, have now been exercised resulting in gross proceeds to the Company of CAD$4,633,136. These Warrants were previously issued by the Company in connection with its initial public offering completed August 15, 2023, at an exercise price of CAD$0.45.

In addition, 1,220,708 broker warrants were exercised, at exercise prices of CAD$0.30 and CAD$0.45, for aggregate gross proceeds of CAD$465,097.
The total aggregate gross proceeds of all Warrants exercised is CAD$5,098,233.
President and Chief Executive Officer Thomas Abraham-James commented, “The early exercise of these warrants strengthens our treasury at an exciting and important time for the Company. Proceeds from the warrant exercise will allow us to expand our 2024 work programs and accelerate our efforts to unlock the full value of the Topaz discovery.”

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information
visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

https://assets-global.website-files.com/643e9b04697598ab2651d990/663b4738abdb4d383793f2f1_PLSRNR2024-21_WarrantExercises.pdf

NEWS RELEASE | MAY 6, 2024 | VANCOUVER BC
PULSAR HELIUM ANNOUNCES SPRING ROAD RESTRICTIONS END AT TOPAZ PROJECT
Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) (“Pulsar” or the “Company”) is pleased to announce that the Minnesota Department of Transport has announced that Spring road restrictions in the north frost zone have ended (12:01 AM Monday, May 6). The Company will immediately recommence field operations at the Jetstream #1 appraisal well* at its flagship Topaz helium project.

Activities will initially consist of road improvements and civil works, followed by down-hole logging, well
completion, and flow testing with a pressure build up program. All necessary contracts are in place, with vendors and equipment secured to complete the upcoming works.
Thomas Abraham-James, President and CEO said: “My colleagues and I are excited to obtain the outstanding data from Jetstream #1, and everything is in place to do so. I look forward to keeping the market updated with results as they arrive.”

The Jetstream #1 appraisal well reached total depth of 2,200 feet (671 meters) on February 27 th , with helium concentrations of up to 13.8% helium as measured by specialist gas equipment. Field activities have been on hold while Spring road restrictions, limiting heavy traffic, have been in force. Jetstream #1 has been designed and will be completed to be capable of transitioning to a future helium production well. * In the State of Minnesota, the regulatory term is ‘exploratory boring’.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information
visit https://pulsarhelium.com, follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward–looking statements and forward–looking information within the meaning of Canadian securities legislation (collectively, "forward–looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward–looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward–looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the anticipated results of Jetstream #1 with regard to estimating the size of the reservoir intercepted; the results of the flow testing and pressure build-up program and collect pressurised gas samples to determine the concentration of the helium and other gases via an independent laboratory. No assurance can be given that these expectations will prove to be correct and such forward–looking
statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward–looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward– looking statements. Such risks and uncertainties include, but are not limited to Pulsar may be unsuccessful in drilling commercially productive wells; drill costs may be higher than estimates; delays in the commencement of drilling, and other factors set forth under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise any forward– looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause
results to differ materially from those contained in any forward–looking statement. Any forward–looking
statements contained in this news release are expressly qualified in their entirety by this cautionary statements.

https://assets-global.website-files.com/643e9b04697598ab2651d990/6638a1c326ef8e53e1b5e90b_PLSRNR2024-20_Roads.pdf

Pulsar Helium Announces DTCC Eligibility
Tue, Apr 16, 2024, 5:00 PM EDT

VANCOUVER, BC / ACCESSWIRE / April 16, 2024 / Pulsar Helium Inc. (TSXV:PLSR) & (OTCQB:PSRHF) ("Pulsar" or the "Company") reports that the Company's common shares are eligible for delivery and depository services with the Depository Trust and Clearing Corporation (the "DTCC") to facilitate electronic settlement of transfers of its common shares in the United States. Securities that are eligible to be electronically cleared and settled through the DTCC are considered "DTCC eligible". This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and greatly reduces transactional costs for participating stock brokerages. Investors can find the current Canadian financial disclosure of the Company on its profile on www.sedarplus.ca.

As announced on March 21, 2024, the Company's common shares trade on the OTCQB Venture Market ("OTCQB") in the United States under the symbol "PSRHF" in addition to its primary listing on the TSX Venture Exchange under its existing trading symbol "PLSR".

The OTCQB Venture Market is for entrepreneurial and development stage United States and international companies. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB Venture Market quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.

About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. For further information visit https://pulsarhelium.com, follow us on X (formerly known as Twitter) https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"
President, CEO and Director

Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Pulsar Helium Inc.
https://finance.yahoo.com/news/pulsar-helium-announces-dtcc-eligibility-210000173.html

US Just Sold Its Helium Reserves, Should We Care?

The Surprising and Forgotten History of Helium

Yes. Let's hope this turns into to real revenues and profits!!!! The companies fundamentals look pretty good.

Pulsar Helium Inc announces major North American helium discovery

World-leading helium explorer poised to alleviate global shortage
Author: Pulsar



Welcome to the frontier of a new commodity rush. Helium exploration and development is an industry emerging from a supply shortage that has spanned a decade. Pulsar Helium Inc (Pulsar) is a dedicated explorer and developer of helium, which is essential for today's technology and that of the future.
racecar

Pulsar has two projects, the Topaz project in the USA and the Tunu project in Greenland. Topaz, the most advanced, is located in Minnesota, USA, where Pulsar is the first mover for helium exploration. Topaz has been drilled with helium contents identified of up to 13.8%, making it one of the highest-grade discoveries in history.

Helium, a critically listed raw material in Canada and the EU, is widely used and has many applications:

*MRI scanners: Keeping an MRI's magnetic current superconductive requires helium. The MRI market value worldwide is forecast to increase to over US$12.1bn by 2030. Sce: aws.amazon.com/marketplace

*Semiconductors: Used extensively in consumer electronics, helium is used during the manufacturing process. The semiconductor market is projected to grow to US$1380.8bn by 2029. Sce: www.fortunebusinessinsights.com

*Drones and robotics: Revenue in the Robotics market alone is expected to surpass US$283.19bn by 2032 with a registered CAGR of 14.7% during the forecast period 2023 to 2032. Sce: www.precedenceresearch.com

*Fibre optics: Cables used by global internet services and communication networks. The fibre optics market is projected to reach USD 9.73bn by 2027. Sce: www.fortunebusinessinsights.com

Helium is also used for fuel systems in space rockets, nuclear fusion, quantum computing, airships, technical diving and much more.

We aim to advance our primary helium projects to the point of potential production, establish Pulsar as the industry leader and bring stability to the global helium market. Puslar will continue to focus exclusively on sustainable and reliable sources of Primary helium which is not produced as a byproduct of hydrocarbons such as Liquid Natural Gas (LNG).

The world’s largest primary helium source is the U.S. National Helium Reserve in Texas, which has recently been privatised and will be depleted in the next few years. Helium supply is now heavily dependent on sources located around the globe, many of which are geopolitically unstable where the helium produced is a by-product of natural gas production meaning suppliers have limited flexibility to increase output.

This is the opportunity for Pulsar, to produce clean, environmentally friendly helium, disconnected from the production of hydrocarbons with the added benefit of its assets being in the safe jurisdictions of North America (the world’s largest helium market) and Greenland.

TSXV: PLSR
OTCQB: PSRHF
X: @pulsarhelium
pulsarhelium.com

https://www.reuters.com/plus/acumen/global-health/pulsar-helium-industrial-gases

Nice break above the 8 EMA and OBV remains positive.

Pulsar Receives Positive Results from Wireline Logs for the Jetstream #1 Appraisal Well at the Topaz Helium Project
Pulsar Helium Inc.
Mon, Mar 25, 2024, 6:00 AM EDT3 min read

In This Article:
PSRHF
-8.16%
VANCOUVER BC / ACCESSWIRE / March 25, 2024 / Pulsar Helium Inc. (TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company") is pleased to announce that it has received the wireline log interpretation from Asia-Pacific Formation Evaluation Services Pty Ltd for the Jetstream #1 appraisal well* at the Topaz helium project in Minnesota. A predominantly gas saturated interval has been interpreted between 1,650 - 2,200ft (503 - 671 meters) containing discrete zones where productive permeability appears to occur. Drilling observations and log data interpretation suggest the presence of permeable zones in the form of fracture and/or vuggy porosity within the host igneous rock. Additional wireline data is scheduled to be acquired when Jetstream #1 is being prepared for the upcoming pressure build-up and flow testing operation.

The Jetstream #1 appraisal well reached total depth (TD) of 2,200 feet (671 meters) on February 27th and has been designed to include intermediate casing and a wellhead capable of becoming a helium production well. On March 14th the Company announced concentrations of up to 13.8% helium measured by specialist gas laboratories, and on February 28th, Baker Hughes collected a high-quality set of wireline logs. The logs in conjunction with cuttings lithology descriptions, x-ray fluorescence and mud log data were interpreted by an independent petrophysicist at Asia-Pacific Formation Evaluation Services Pty Ltd.

Notable conclusions from the independent petrophysical review are as follows:

A high-quality formation evaluation data set was acquired,

Reliable mineralogy and total porosity models have been established, and

Saturation and the nature of the pore system are uncertain from these results, but productivity appears to be associated with larger-scale discrete porosity features such as fractures and vugs.

Not all desired wireline data could be acquired by Baker Hughes due to a lack of fluid level in the borehole and as a result additional logs are planned to further assess reservoir characteristics, and the porosity types prior to the well testing program. In addition, to further refine the petrophysical interpretation, the Company is having additional lab analysis performed on the drill cuttings and the LOD-6 (2011 discovery well) drill core.

Thomas Abraham-James, President and CEO said: "We are delighted to receive these initial positive results from the well and we are acquiring the complementary wireline log data, pressure and flow tests as well as the additional lab results as part of our ongoing testing program. We look forward to updating shareholders as we progress."

Update on flow-testing and pressure build up program

The Company awaits the lifting of Spring road restrictions and will then commence a well testing package that includes flow testing and pressure build-up program, collect pressurised gas samples for laboratory analysis and instal production tubing. This program will now be expanded to include additional wireline data acquisition as recommended by Asia-Pacific Formation Evaluation Services Pty Ltd.

* In the State of Minnesota, the regulatory term is ‘exploratory boring'.

About Pulsar Helium Inc.

Pulsar Helium Inc. is listed on the TSX Venture Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. It is dedicated to defining and developing primary helium assets. Its portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences identified at each. Topaz is the Company's flagship, having been drilled and flowing a remarkably high helium concentration of 13.8%. For further information visit https://pulsarhelium.com and follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"
President, CEO and Director

Further Information:

Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

https://finance.yahoo.com/news/pulsar-receives-positive-results-wireline-100000337.html

Pulsar helium strike may be richest ever

Posted Wednesday, March 6, 2024 6:45 pm

Catie Clark
BABBITT- An exploratory borehole made history last week with potentially the richest helium discovery on earth. Pulsar Helium Inc. announced Feb. 28, that its Jetstream #1 borehole reached a total depth of 2,200 ft. On the way down, the drill rig encountered helium gas ratios of 12.4 percent, which are thought to be the highest ever encountered from an underground source anywhere in the world. Because of the large amount of air used in drilling the hole, Pulsar said that this ratio was a minimum because of dilution, which means the discovery may be even richer than the preliminary results.

“This is an outstanding result,” said Thomas Abraham-James, Pulsar’s President and CEO. “I am delighted that helium has been identified in the Jetstream #1 appraisal well. It is a big day for helium exploration, confirming the original discovery in the new jurisdiction of Minnesota. I look forward to keeping the market updated with further results as they are received.”

The depths at which the helium gas was first encountered won’t be known for certain until the contractor Baker Hughes completes analysis of drilling logs it created during the drilling operations. The drilling was halted 50 feet short of the company’s planned depth of 2,250 feet because of the imminent start of spring load restrictions due to the extraordinarily mild winter conditions this year.

Once the logging program is completed, the company will install a well-testing rig, including flow testing and pressure build-up testing. In addition, the company will collect pressurized gas samples for laboratory analysis when road conditions allow heavy traffic to return.

The gas compositions were measured by the independent surface logging team using their on-site quadrupole mass spectrometer. Isotube gas samples have been taken from the mass spectrometer at the various intervals where gas appeared, and those samples will be shipped to a specialist gas laboratory for full molecular composition, removal of atmospheric (air) contamination, and isotopic characterization.

The geology was consistent throughout the borehole, interchanging troctolite/anorthosite, both of which are mafic igneous rocks with intermittent fractures.

http://www.timberjay.com/stories/pulsar-helium-strike-may-be-richest-ever,21223

Virtual Investor Conference

The stock had a gap up and it sometimes comes back to fill the gap but not always.
There is a conference Thursday with Pulsar presenting:

https://www.virtualinvestorconferences.com/events/event-details/oil-gas-virtual-investor-conference-1?utm_medium=email&utm_campaign=VIC_Oil%20%20Gas%20Invite%202&utm_content=VIC_Oil%20%20Gas%20Invite%202+CID_75218c1bccd17c6e148535b69b5db854&utm_source=Email%20marketing&utm_term=VIEW%20THE%20AGENDA

Why the drop the past 2 days?

Pulsar Receives Laboratory Results for the Jetstream #1 Appraisal Well at the Topaz Project
Pulsar Helium Inc.
Thu, Mar 14, 2024, 6:00 AM EDT

VANCOUVER BC / ACCESSWIRE / March 14, 2024 / Pulsar Helium Inc. (TSXV:PLSR) ("Pulsar" or the "Company") is pleased to announce that on March 13th, it received the analytical laboratory results for gas samples from the Jetstream #1 appraisal well* at the Topaz helium project in Minnesota. A total of eleven samples were analysed, four at Isotech Laboratories, Inc (Isotech) and seven at Smart Gas Sciences LLC (Smart Gas). Helium contents of up to 13.8% were measured, specifically from a sample obtained at 1,801ft in-hole depth. The full suite of gas data was sent to Dr Peter Barry, a noble gas isotope geochemist and Associate Scientist (an advisor to the Company) at the Woods Hole Oceanographic Institution (WHOI). He concluded that the value of 13.8% helium represents a minimum source estimate for helium, due to the clear presence of small amounts of atmospheric (air) contamination in the samples. The presence of this contamination decreases the measured helium content relative to the true source helium concentration.

Cliff Cain, CEO of the Edelgas Group (an international gas advisor firm that is engaged by Pulsar) commented:

"Comparing this to our extensive database for helium occurrences around the world, we are pleased to say the results from the Jetstream #1 appraisal well are the highest helium concentrations that we have ever seen. This marks an important milestone for Pulsar and we are delighted with such a positive outcome for our client."

The Jetstream #1 appraisal well reached total depth (TD) of 2,200 feet (671 meters), and on February 29th, the Company announced concentrations of up to 12.4% helium measured by the on-site quadrupole mass spectrometer. Additional samples were collected at depth while drilling, stored in Isotube gas canisters and then sent to Isotech and Smart Gas for laboratory-based gas chemistry analysis. The revised helium content of 13.8% is considered more reliable and more accurate than those obtained via the on-site quadrupole mass spectrometer.

Update on down-hole wireline logging data
Baker Hughes acquired the down-hole wireline logging data on February 29th and the Company awaits the petrophysical interpretation from a third-party petrophysicist. Results will be shared via news release on completion.

Update on flow-testing and pressure build up program
Due to abnormally high winter temperatures and the earlier than anticipated onset of Spring Load Restrictions on local road systems, the well testing package that includes flow testing, a pressure build-up program, and the collection of pressurised gas samples for laboratory analysis is delayed until mandated road conditions allow heavy traffic to return.

https://finance.yahoo.com/news/pulsar-receives-laboratory-results-jetstream-100000800.html

Why There Is A Helium Shortage

Emerging Growth Conference

Pulsar Helium Special Virtual Conference Today Register Now
Emerging Growth
Mon, Mar 11, 2024, 7:00 AM EDT
Pulsar Helium, Inc. (TSXV: PLSR) to Present virtually on a Special and Exclusive Emerging Growth Conference event on March 11, 2024, at 11:00 AM Eastern Time

MIAMI, March 11, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for Emerging Growth Companies announces the first Pulsar Helium, Inc. (TSXV: PLS; OTC: PSRHF; FRA: Y3K) Virtual Investor Conference.

Pulsar Helium is dedicated to defining and developing primary helium assets. Its portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences identified at each.

Thomas Abraham-James, President, CEO & Director of Pulsar Helium will be presenting.

Submit questions for Pulsar Helium, Inc. to:
Questions@EmergingGrowth.com.

Register for the conference here.

Agenda for March 11, 2024

10:45 am
Virtual lobby opens.

11:00 – 12:00
Pulsar Helium, Inc. (TSXV: PLSR) will be presenting live.
Time permitting, the company will take Q&A from the attendees.

Keynote speaker: Thomas Abraham-James, President, CEO & Director

https://finance.yahoo.com/news/pulsar-helium-special-virtual-conference-110000334.html

This is a good insight in the other companies exploring for helium, long term pricing and industrial uses.

Helium drill discovers more gas than expected



A little consolidation after the runup.

Wait.....there is another project in Greenland.

PULSAR GAINS HIGHLY PROSPECTIVE LICENCE AREA AT THE TUNU PROJECT, GREENLAND
October 17, 2023
Pulsar Helium Inc. (TSXV:PLSR & FRA:Y3K) (“Pulsar” or the “Company”) is pleased to announce that it has received an addendum to its Licence No. 2021-45 (referred to as the Tunu Project in Greenland), confirming enlargement to include a prospective area for both helium and geothermal power generation.

The enlarged Tunu Project area now covers a total of 2,816 km2, an increase of 45km2. This enlarged area covers the Kap Tobin locality where thermal springs were sampled in 2021, returning a helium concentration of 0.8%, associated with 97% nitrogen and 2% argon. The same location has been studied by geothermal industry experts including the Iceland GeoSurvey who have published data stating that cogeneration of power and heat looks achievable due to the 80°C geochemical temperature at depth and access to the locally cold ocean as a heat sink. The Government of Greenland has stated that the usage of geothermal energy falls under the administrative purview of the Mineral Resource Authority if the usage occurs as part of a mineral exploitation activity, such as Pulsar’s activities for helium.

Quote from the President & CEO, Thomas Abraham-James:
“Helium has recently been added to the European Union’s list of critical raw materials, and Pulsar’s Tunu project is one of very few primary helium occurrences in Europe. Tunu was generated in-house and is the first helium licence to be granted in Greenland. The licence enlargement covers a strategic location that contains a proven primary helium system, and potential for geothermal energy.”

About the Tunu helium project:
Pulsar is the first mover exploring for helium in Greenland, having received the only license of its kind that gives exclusive rights for the exploration of helium, hydrogen and all other minerals (excluding hydrocarbons and radioactive elements). Licence No. 2021-45 covers an extremely large exclusive land position of 2,816km2, on the east coast of Greenland that is Europe facing. The Tunu Project was generated in-house by Pulsar technical staff and is one of few locations where primary helium (not associated with the production of hydrocarbons) has been identified, globally. Sampling of thermal springs occurred in 2021, conducted by staff from Pulsar and the Woods Hole Oceanographic Institution, helium concentrations of up to 0.8% associated mostly with nitrogen were identified.

NEWS RELEASE | OCTOBER 10, 2023 | VANCOUVER BC
PULSAR SIGNS LEASE FOR ADDITIONAL MINERAL RIGHTS AND COMPLETES SEISMIC SURVEY AT THE TOPAZ
HELIUM PROJECT, USA

Pulsar Helium Inc. (TSXV:PLSR & FRA:Y3K) (“Pulsar” or the “Company”) is pleased to announce that it has signed a lease with a private mineral rights holder to expand the area of the Company’s Topaz helium project in Minnesota, USA. In addition, the ambient noise tomography (ANT) survey has successfully concluded with all nodes retrieved and data downloaded.

The additional mineral rights are within a 6.2 mile (10 kilometre) radius of the Topaz discovery that was drilled and flowed a concentration of 10.5% helium. The lease is for privately held mineral rights covering a total of 2,840 gross acres (1,049 net acres), over 75 parcels. The lease is for an initial term of 20 years (extendable up to a maximum of 40 years, subject to conditions) with a payment on signing of U$11,000 and a retained production royalty of 3%. The lease gives Pulsar exclusive rights to non-hydrocarbon gases. The mineral rights are adjacent to Pulsar’s existing parcels and are considered high-priority with significant potential for hosting helium accumulations.

The ANT survey has been successfully completed with a total of 183 nodes retrieved from the Topaz helium project. ANT is commonly referred to as passive seismic as the technology utilises passive, naturally occurring seismic waves to record data on features in the subsurface. The data has been downloaded and sent to Sisprobe for processing, interpretation and final reporting, with deliverables due in approximately 4 weeks. The survey is expected to further de-risk the drilling program and improve Pulsar’s understanding of the extent of the resource.

About the Topaz helium project:
As announced September 25, 2023, the Jetstream #1 appraisal well is scheduled to commence on December 10th and is planned to be drilled to a vertical depth of 2,200 feet (671 metres), with the collar location anticipated to be within 65 feet (20 metres) of the original discovery well, LOD-6, that flowed 10.5% helium.

During drilling, a gas chromatograph and mass spectrometer will be on location to provide real-time gas
composition measurements including helium concentration. Permits from Federal, State, and Local
Government entities required for drilling activities are in place. Preliminary civil works were conducted in March and final access and drill-site civil works are expected be completed by mid-November. The drill location is on private mineral rights for which Pulsar has an exclusive lease for non-hydrocarbon gases, in addition, the Company has agreed upon terms to acquire the surface rights.

Just the facts Mad'am. Presently, we do not know how large a resource we have so being bought out is out of the question for both the buyer and seller.

Helium is a nonrenewable resource that's produced naturally underground through the radioactive decay of elements like uranium and thorium.
Helium is the second most abundant element in the universe, but it's relatively rare on Earth. It's found under the Earth's crust with other natural gases. Commercial helium is extracted from natural gas when the helium concentration is above 0.3%.
Helium is the only element on the planet that is a completely nonrenewable resource. It can't be artificially created, and it's produced as a byproduct of natural gas refinement.

Natural Radioactive Decay Forms Helium
Helium is abundant in space, where it's produced as a product of the fusion reaction inside stars such as the sun. The naturally occurring helium on Earth, though, comes from a different sort of process. Deep inside the Earth, radioactive elements such as uranium and thorium decay and turn into other elements. The byproduct of these reactions are tiny fragments called a-particles, which consist of two neutrons and two protons. Those particles pick up electrons from the environment around them and turn into helium, which gradually rises up through the crust and is emitted into the atmosphere, where it keeps rising until it gets into space [source: University of Pittsburgh].

Extracted Natural Gas Is Another Source
Fortunately for us, helium also gets into the natural gas that oil and gas drillers extract from the ground for use as fuel [source: University of Pittsburgh]. That gives us a supply that we can use for blowing up balloons, as well as for a wide variety of other industrial processes, ranging from arc welding to MRIs to manufacturing silicon chips for computers. There has to be a certain amount of helium in the natural gas — at least 0.3 percent by volume – to justify all the trouble of separating it from natural gas.

This is done through industrial processes that filter other impurities, such as water, carbon dioxide and hydrogen sulfide from the gas. Finally, a process called cryogenic processing is used to cool the gas and remove the methane that makes up most of it, leaving behind a crude form of helium that is about 50 to 70 percent pure, with small amounts of argon, neon and hydrogen making up the rest. Then, the crude helium is purified through another cooling and filtering process that results in a form of helium that's more than 99 percent pure [source: NAP].

Helium Production Issues
The problem is that there aren't that many places with natural gas fields that have enough helium in them, and extracting helium is hard to do efficiently and affordably and most of it comes from just a few sources, including the U.S. government's National Helium Reserve in Texas. With so much demand for helium for industry, there just isn't enough to go around. That shortage has hurt businesses such as Party City, a party supplies company, which has closed a significant number of stores [source: Gibson].

Liquid Helium vs. Helium Gas
When helium is cooled to extremely low temperatures, it transforms into a liquid. Liquid helium has unique properties, such as the ability to flow without friction, making it invaluable in scientific research, particularly in the field of cryogenics. While helium gas is more commonly encountered in everyday applications, liquid helium is crucial for specialized equipment like MRI machines [source: Siemens Healthineers].

If the reserve is as big they think it might be there is a chance they could be bought out.

Those news articles finally got Pulsar noticed and the potential. The higher share price will require less dilution when raising money for future requirements.

Daily Chart

PSRHF looks very promising with the latest news! But why is iHUB so slow? Do they have some down servers?

Huge News Out of Minnesota: Exploratory Drill Has Discovered What Is Likely the Biggest Find in North America to Date
by George C. Upper III, Western Journal March 3, 2024 in News

A new find of underground helium in Minnesota could turn out to be one of the largest in the world, Minneapolis’s WCCO-TV reported Thursday.

The drill site, just outside Babbitt in the northeastern part of the state, took about a month from initially breaking ground to get to a depth of 2,200 feet.

What it found there, Pulsar Helium CEO Thomas Abraham-James called “a dream.”

“There was a lot of screaming, a lot of hugging and high fives. It’s nice to know the efforts all worked out and we pulled it off,” Abraham-James told WCCO.

He said that the concentration of helium sampled was 12.4 percent — about 30 times what the outlet referred to as “the industry standard,” and higher even than the company had forecast.

“12.4% is just a dream,” the CEO told the outlet. “It’s perfect.”

Further analysis remains to be done, of course, but the finding confirmed work completed in 2011 that indicated the presence of helium deep under the surface, the Duluth News Tribune reported.

Companies generally pursue helium concentrations above 0.3 percent that they can locate, the outlet noted.

“So now the real hard begins to find out what is it truly that we have and the size of the prize,” Abraham-James told the News Tribune.

Studying the size of the find and the feasibility of a full-sized mining operation could take up to a year, the company told WCCO.

The Topez Project, as the drill site is called, was initially planned to go to a depth of 2,250 feet, but had to stop earlier than expected because of “abnormally warm temperatures and looming road weight restrictions,” according to the paper.

A device that looks like a “glorified fire hydrant,” according to Abraham-James, will now be installed over the hole to allow for additional sampling and testing.

A crew from Duluth Metals in 2011 first discovered helium in the area when searching for platinum-palladium metals, the News Tribune reported.

Helium is valued for everything from filling balloons to being used as a safe and effective coolant in liquid form.

“It’s used in everything from magnetic resonance imaging (MRI) machines, semiconductor manufacturing and leak testing, to air tanks for medical patients and deep-sea divers, to aerospace and defense industries,” the News Tribune notes.

“This is outstanding news for the region as we continue to look at ways to diversify our local economy,” Republican state Rep. Roger Skraba said in a statement. “I look forward to working with state regulators to make sure that helium drilling can proceed here in Northern Minnesota safely and effectively.

“Helium is an incredibly important gas that is needed for a variety of modern products, and I am hopeful that we can source this gas and process it right here in the Northland in the very near future,” he added.

This article appeared originally on The Western Journal.

https://ijr.com/huge-news-minnesota-exploratory-drill-discovered-likely-biggest-find-north-america-date/

Helium discovery in northern Minnesota may be biggest ever in North America
https://www.yahoo.com/news/helium-discovery-northern-minnesota-may-225900218.html

MINNEAPOLIS — Scientists and researchers are celebrating what they call a "dream" discovery after an exploratory drill confirmed a high concentration of helium buried deep in Minnesota's Iron Range.

Thomas Abraham-James, CEO of Pulsar Helium, said the confirmed presence of helium could be one of the most significant such finds in the world.

"There was a lot of screaming, a lot of hugging and high fives. It's nice to know the efforts all worked out and we pulled it off," Abraham-James said.

CBS News Minnesota toured the drill site soon after the drill rig first broke ground at the beginning of February. The discovery happened more than three weeks later at about 2 a.m. Thursday, as a drill reached its depth of 2,200 feet below the surface.

According to Abraham-James, the helium concentration was measured at 12.4%, which is higher than forecasted and roughly 30 times the industry standard for commercial helium.

"12.4% is just a dream. It's perfect," he said.

For decades, the U.S. was the leading exporter of helium, but the former government-run reserves have since been depleted and sold off to private equity. Abraham-James and other researchers have since scoured the globe for other helium deposits to help improve global supply.

Prior to arriving in Minnesota, Abraham-James was working in Tanzania, where another helium discovery was made, but at half the concentration as found in the Iron Range. Russia and Qatar are other major helium exporters.

The inert gas is likely known by most consumers for filling balloons and blimps, but it's actually one of the most sought-after commodities in the world because of its versatility; as a liquid, helium is among the most effective and safest coolants around.

Dr. Grant Larson, a radiologist at Hennepin Healthcare, said the health system's four MRI machines rely on helium to operate.

"We're aware that it could potentially render us vulnerable to not being able to provide access to our patients," Dr. Larson told CBS News Minnesota. "So much of medical decision-making is based on the results of the MRI."

Now that helium is confirmed to be underground in Babbitt, Abraham-James said the next phase of the project is a feasibility study by an independent third party to study the size of the well and whether it could support a full-service helium plant.

"It's not just about drilling one hole, but now proving up the geological models, being able to get some really good data that wasn't captured in the original discovery," he explained. "It has the potential to really contribute to local society."

The company said the feasibility study could take until the end of the year to complete.