REG - Pulsar Helium Inc. - Engages Sproule-ERCE Pre-Feasibility Study Tunu

Pulsar HeliumAnnouncement

24/06/2025 07:00

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RNS Number : 0625O  Pulsar Helium Inc.  24 June 2025

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NEWS RELEASE | JUNE 24, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ENGAGES SPROULE-ERCE FOR PRE-FEASIBILITY STUDY AT THE TUNU
HELIUM-GEOTHERMAL PROJECT, GREENLAND

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, is pleased to
announce the signing of an agreement with leading global energy consultancy,
Sproule-ERCE  ("Sproule-ERCE"), to conduct a Pre-Feasibility Study ("PFS") at
the Company's Tunu helium-geothermal project in East Greenland ("Tunu" or the
"Project").

The engagement marks a significant milestone for Pulsar as it advances Tunu,
which is one of the few primary helium occurrences in Europe.

Highlights

•       The PFS will evaluate the existing geothermal opportunities in
more detail alongside potential helium extraction.

•        Geothermal opportunities have been identified through advanced
interpretation of existing geophysical data, including a recently completed
passive seismic survey, which has revealed previously unrecognised subsurface
anomalies consistent with geothermal prospectivity.

•           A PFS is now underway to assess the dual resource potential
at Tunu, led by Sproule-ERCE's internationally recognised geothermal team,
which has supported over 200 megawatt ("MWth") of geothermal heat capacity and
performed over 40 geothermal feasibility studies and geothermal construction
projects globally.

•           Sproule-ERCE's global expertise will be key to de-risking
Tunu and unlocking its newly discovered potential shaping its next development
phase.

•         The PFS is scheduled for completion by the end of August 2025,
providing Pulsar with a robust technical and economic foundation for future
project decisions.

Thomas Abraham-James, President & CEO of Pulsar, commented:

"We are delighted to partner with Sproule-ERCE, whose deep expertise and
global track record in geothermal and resource consulting is second to none.
The Tunu project is a unique opportunity, combining primary helium and
geothermal energy potential in a highly strategic location. This
Pre-Feasibility Study could be a crucial step in unlocking additional value
for our shareholders and support Europe's critical raw materials and clean
energy ambitions. We look forward to sharing results as the study progresses."

About the Tunu Project

Pulsar's Tunu Project is located on the east coast of Greenland, near
Ittoqqortoormiit and the Scoresby Sound fjord system. The Project is notable
for being one of the few primary helium occurrences identified in Europe, with
helium concentrations in sampled hot springs reaching up to 0.8%, and also
demonstrates significant geothermal energy prospects with reservoir
temperatures estimated between 80°C and 110°C, making cogeneration of power
and heat potentially feasible. The gas composition is primarily nitrogen and
helium, and is not associated with hydrocarbons, which is rare among global
helium projects.

A 2024 passive seismic survey identified two main low-velocity anomaly zones,
indicating fractured reservoirs that could trap helium and provide targets for
exploratory drilling, aligning with surface hydrothermal activity and faults
linked to gas emissions. Pulsar holds first mover advantage for helium in
Greenland, and is the first company to receive a licence for helium
exploration in the country, granting exclusive rights for helium, hydrogen,
and other minerals (excluding hydrocarbons and radioactive elements), and the
Project's location allows for efficient transport of helium to the European
market while also offering the potential for renewable geothermal power for
the local community.

The Tunu Project comprises exclusive Special Mineral Exploration Licence
2021-45 (MEL-S 2021/45) and a Non-Exclusive Mineral Prospecting Licence. In
accordance with the 'Application procedures and standard terms for mineral
exploration and prospecting licences in Greenland', in November 2024 the
Company applied for an exclusive exploration licence on normal terms for part
of the licence area that contains the Kap Tobin prospect. The application has
advanced to 'License Pending' status on the Greenland registry, and the
Company expects to receive formal confirmation shortly. This licence will
replace MEL-S 2021/45 that was due to expire on 31 December 2024 and will have
an initial term of five years, which is extendable, subject to meeting certain
conditions, to a maximum term of 22 years.

About Sproule-ERCE

Sproule-ERCE is a global leader in energy consulting, providing technical,
commercial, and operational expertise across the energy value chain, with a
strong track record in geothermal resource assessment and project development.
Learn more here: https://sproule.com/ (https://sproule.com/)

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 (218) 203-5301 (USA/Canada)

+44 (0) 2033 55 9889 (United Kingdom)

https://pulsarhelium.com (https://pulsarhelium.com)

https://ca.linkedin.com/company/pulsar-helium-inc
(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 (mailto: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.

BlytheRay Ltd

(Financial PR)

Megan Ray / Said Izagaren

+44 207 138 3204

pulsarhelium@blytheray.com (mailto:pulsarhelium@blytheray.com)

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 potential impact for conducting geophysical
surveys, drilling future wells, and a pre-feasibility study at the Tunu
Project. 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. No un-risked Contingent and Prospective Helium
Volumes have been defined at the Tunu 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 ; 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 14, 2024 found on
the Company's web site at
https://pulsarhelium.com/investors/aim-rule-26/default.aspx
(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.

 

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