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 THE REPUBLIC OF SOUTH
AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY
NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY
CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
NEWS RELEASE | FEBRUARY 24, 2025 |
CASCAIS, PORTUGAL
PULSAR HELIUM PARTICIPATION
AT THE INVESTOR MEET COMPANY SPOTLIGHT EVENT
Pulsar Helium Inc. (AIM: PLSR, TSXV:
PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), the helium project
development company, is pleased to announce that Thomas
Abraham-James, CEO, will be presenting online at the Investor Meet
Company Spotlight Event on February 26, 2025, at 5:00pm GMT (9:00am
PST, 11:00am CST,12:00pm EST).
Thomas will be providing an update
on Pulsar's Topaz Project in Minnesota ("Topaz"), following the successful
deepening of Jetstream #1, drilling of Jetstream #2 and the arrival
of down-hole testing equipment on-site. Register to attend this
online only event via this link:
https://www.investormeetcompany.com/spotlight-events/register-investor
What sets Pulsar Helium apart in primary helium exploration
& development?
Helium is a valuable and scarce
resource, essential to many technology-driven industries. Pulsar is
a helium exploration and development company with the Topaz project
in Minnesota (USA) and the Tunu project in Greenland. Pulsar stands
out in the market through several key advantages:
•
World-class helium concentrations: raw gas containing up to
14.5% helium has flowed at the Topaz Project (occurrences with
>0.3% helium are considered potentially economically
viable).
•
Looking to production: an agreement has been signed
with Chart Industries, a leading supplier of industrial gas
processing plant and equipment.
•
News flow: at Topaz in 2025, Pulsar has deepened the Jetstream #1
well, drilled the Jetstream #2 well, commenced seismic acquisition
and is now conducting well testing. All data will then be used to
update the resource and conduct an economic assessment.
•
Highly incentivised management and founders: owning
c.37% of the issued share capital (founders are subject to a 3-year
lock-in schedule that completes in Q1 2027).
•
Primary helium: not associated with hydrocarbons,
helium is the primary economic driver.
•
The Right Jurisdictions: the USA is the world's largest
market for helium and the Tunu project is one of very few helium
occurrences in Europe
•
Legislation: the State of Minnesota
approved new gas legislation in May 2024, and Pulsar was issued the
first helium-hydrogen licence in Greenland.
On behalf Pulsar Helium
Inc.
"Thomas Abraham-James"
President, CEO and
Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301
(USA/Canada)
+44 (0) 2033 55 9889 (United
Kingdom)
https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.
Strand Hanson Limited
(Nominated & Financial Adviser,
and Joint Broker)
Ritchie Balmer / Rob Patrick /
Richard Johnson
+44 (0) 207 409 3494
OAK
Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) /
Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate
Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*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.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly
traded company listed on the AIM market of the London Stock
Exchange and the TSX Venture Exchange with the ticker PLSR, as well
as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists
of its flagship 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.
Neither the 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 and the interview
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 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 potential of the Topaz and Tunu
projects; and the intended use of proceeds from the AIM IPO; the
expected timing to commence drilling; and the potential for future
wells. 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 and
interview are expressly qualified in their entirety by this
cautionary statement.
