RCS - Pulsar Helium Inc. - Minnesota Politicians Emphasise Support for Topaz

Pulsar HeliumAnnouncement

23/09/2024 12:00

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RNS Number : 2029F  Pulsar Helium Inc.  23 September 2024

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NEWS RELEASE | SEPTEMBER 23, 2024 | CASCAIS, PORTUGAL

MINNESOTA POLITICIANS EMPHASISE SUPPORT FOR TOPAZ HELIUM PROJECT

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) ("Pulsar" or the "Company")
the multi project helium development company announces that its President and
CEO, Thomas Abraham-James, Minnesota Senator (MN Sen) Grant Hauschild and
Minnesota Representative (MN Rep) Roger Skraba participated in an interview
regarding the latest developments at Pulsar's 100% owned Topaz helium project
('Topaz') and Minnesota's ongoing support.

The interview can be accessed on the following link: bit.ly/HELIUMUSA

The Topaz Helium Project is a new helium discovery in the State of Minnesota
which the Company believes has district scale potential.  As announced by
Pulsar on May 23, 2024, the State of Minnesota enacted legislation that now
includes helium exploration, production, and leasing on state lands. This
followed advances made by the Company at Topaz where the Jetstream #1 well
flowed up to 14.5% helium, the highest concentration discovered in North
America. MN Sen. Hauschild and MN Rep. Skraba, together with Pulsar's CEO are
working with the Department of Natural Resources to help expedite the
legislative process to keep apace with Pulsar's rapid project development
timeline.

MN Sen. Hauschild and MN Rep. Skraba have both expressed their support for the
Topaz Helium Project and its  upcoming drill program, which aims to unlock
the full potential of the Topaz Helium resource. It is anticipated that
Pulsar's district scale discovery, coupled with state-level support, could
help attract new industries to Minnesota and drive broader economic growth
across the state.

Mr. Abraham-James stated, "From the outset we've  been fully engaged and
encouraging site visits and discussions with all Minnesota stakeholders which
has earned the enthusiasm and support of the politicians and regulators.  All
parties recognize that helium is a critical commodity in new technologies
and will help with the Green Energy Transition.  We have made great progress
in our first year as a listed entity and intend to rapidly build on our
successes to realise the Topaz Helium Project's full potential."

About the Topaz Project, Minnesota

On August 21, 2024, the Company reported Jetstream #1's contingent and
prospective helium and CO2 resources prepared by Sproule, an independent
qualified reserves evaluator, dated August 21, 2024.

The Company considers the resource evaluation as 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.

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, 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 (mailto:connect@pulsarhelium.com)

+ 1 (604) 599-0310

OAK Securities*

info@OAK-securities.com (mailto:info@OAK-securities.com)

+44 203 973 3678

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clients and eligible counterparties, each as defined in MiFID II; and (ii)
eligible for distribution through all distribution channels as are permitted
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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
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result therefrom. The EU Target Market Assessment is without prejudice to any
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avoidance of doubt, the EU Target Market Assessment does not constitute: (a)
an assessment of suitability or appropriateness for the purposes of EU MiFID
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in, or purchase, or take any other action whatsoever with respect to the
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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 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 and interview are expressly qualified in their
entirety by this cautionary statement.

 

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