Pulsar Helium's Private Placement: Fueling Topaz Project Ambitions

Pulsar Helium (LON:PLSR, TSXV:PLSR, OTCQB:PSRHF), a leading primary helium exploration and development company, has announced the closing of the first tranche of its brokered private placement. The company raised US$2.0 million through the issuance of 5,263,160 common shares at US$0.38 per share, with participation from high net worth and institutional investors from the USA, including University Bancorp, Inc. This strategic move will significantly impact Pulsar's helium production potential and shareholder value.

The funds raised from the private placement will be used to fund the drilling of Jetstream #2, a step-out well scheduled to commence immediately after the deepening of Jetstream #1 is complete. This drilling activity is crucial for advancing the Topaz Project and confirming the resource potential of the area. In addition, the funds will be used to increase the passive seismic (ambient noise tomography) footprint within the Topaz project area, helping Pulsar better understand the geology and resource potential of the area.

The increased land position at the Topaz Project, from 2,089 to 4,181 acres, significantly impacts Pulsar's helium production potential. This expansion was driven by positive results from existing data and the Sproule resource report, which highlighted the helium resource of one prospect in the area. The favorable lease terms, with an initial 5-year extension and further extensions for developed tracts, provide stability for future operations and allow Pulsar to maintain control over productive areas without the pressure of short-term lease expirations. With the expanded land position, Pulsar is positioning itself to control what it believes could be a regionally significant helium reservoir, potentially leading to increased helium production and economic benefits.



The strategic significance of Pulsar's recent private placement for its Topaz Project development lies in several key aspects. First, the funding for drilling activities will help advance the project and confirm its resource potential. Second, the institutional support signals confidence in Pulsar's Topaz Project and its potential for success. Third, the expansion of passive seismic testing will help Pulsar better understand the geology and resource potential of the area, further de-risking the project. Finally, the admission to AIM will increase the visibility and liquidity of Pulsar's shares, potentially attracting more investors and further supporting the company's development efforts.

In conclusion, Pulsar Helium's recent private placement is a strategic move that will significantly impact the company's helium production potential and shareholder value. By raising funds for drilling activities, securing institutional support, expanding passive seismic testing, and increasing its land position, Pulsar is well-positioned to advance its Topaz Project and capitalize on the growing global demand for helium. As the company continues to de-risk the project and confirm its resource potential, investors should keep a close eye on Pulsar's progress and the potential value creation in the helium market.