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Pulsar Helium Inc. announced on 19 February 2025 its inclusion at number 20 on the 2025 Toronto Stock Exchange Venture 50 list for achievements made in 2024. The company also stated that the TSX Venture Exchange granted an extension to March 21, 2025, for the deadline to close the second tranche of its brokered private placement.
| Date | 19 Feb 2025 |
| Time | 16:18:58 |
| Category | Miscellaneous |
| ID | 7506X |
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, 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 19, 2025 | CASCAIS, PORTUGAL
PULSAR HELIUM ANNOUNCES INCLUSION ON 2025 TSX VENTURE 50 LIST
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce that it has been included in the 2025 Toronto Stock Exchange ("TSX") Venture 50 list. Pulsar ranked number 20 on the list for achievements made in 2024, Pulsar's first full year on the TSX Venture Exchange.
TSX Venture 50 is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally weighted criteria: one-year share price appreciation, market capitalisation increase, and Canadian consolidated trading value.
The 50 companies on the list delivered an average share price appreciation of 207% to investors in 2024, up from 121% in 2023 and 73% in 2022. In addition, the group holds a combined market capitalisation of $21.7 billion-an increase of over $16 billion over the course of the year.
More details can be found at the following link: https://money.tmx.com/en/venture50
2024 Key Highlights:
• January: closed a private placement for gross proceeds of $4.3 million.
• February: Drilled Jetstream #1 at Topaz, confirming helium concentrations up to 14.5%-among the world's highest.
• March: Pulsar shares debuted on the OTCQB Venture Market in the United States under the symbol PSRHF.
• May: Accelerated exercise of all IPO warrants to raise gross proceeds of $5.0 million.
• August: Received a Competent Persons Report (CPR) from Sproule, estimating significant helium and CO₂ resources, with a 65% chance of commercialization from a single well.
• October: Completed a 20.4 km 2D seismic survey at Topaz, confirming structural continuity of the helium-bearing interval. Pulsar also doubled its land position to 4,181 net acres and dual-listed on London's AIM market raising gross proceeds of £5.0 million, including a pre-IPO fundraise of £1.125 million.
• November: Signed an agreement with Chart Industries for helium and CO2 capture and production.
Thomas Abraham-James, President & CEO of Pulsar Helium, commented:
"We are honoured to be recognised among the TSX Venture Top 50 list for achievements made in only our first full year on the Exchange. This acknowledgment is a testament to the dedication and hard work of our entire team at Pulsar, particularly in advancing our Topaz helium project in Minnesota, USA. We now continue our work at pace to realise its full potential for the benefit of creating value for our shareholders and meeting the growing demand for this critical resource."
Learn more about Pulsar Helium Inc. by viewing this introductory video: bit.ly/PLSRWelcome
Private Placement
Pulsar also announces the TSX Venture Exchange has granted a further extension of the deadline to close the second tranche of the Company's brokered private placement (the "Private Placement"), as announced on December 30, 2024, January 10, 2025, and February 6, 2025, to March 21, 2025.
Net proceeds raised from the second tranche of the Private Placement will increase the Company's working capital and this will enable the Company to accelerate its strategic plan for the exploration and development at Pulsar's Topaz project in Minnesota and to reach a final investment decision (FID) for the construction of a combined helium and CO2 production facility.
The Private Placement is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The securities being issued pursuant to the Private Placement will be subject to a four month and one day hold period in accordance with applicable Canadian securities law.
The Company notes that, in accordance with applicable Canadian securities law, the four month and one day hold period applicable to the securities issued pursuant to the fundraise associated with Pulsar's admission to trading on AIM in October 2024 has now expired.
Caution to US Investors
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.
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Further Information:
Pulsar Helium Inc.
+ 1 (218) 203-5301
+44 (0) 2033 55 9889
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)
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
*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.
For further information visit:
Website https://pulsarhelium.com
BlueSky: @pulsarhelium.com
LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc.
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 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 AIM Admission Document published on October 14th, 2024, found on the Company's web site at https://pulsarhelium.com/investors/aim-rule-26/default.aspx.
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.