REG - Pulsar Helium Inc. - First Day of Dealings on AIM and Completion of PP

Pulsar HeliumAnnouncement

18/10/2024 07:00

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RNS Number : 6910I  Pulsar Helium Inc.  18 October 2024

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NEWS RELEASE | OCTOBER 18, 2024 | CASCAIS, PORTUGAL

FIRST DAY OF DEALINGS ON AIM AND COMPLETION OF FUNDRAISE

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), the helium project development company, is pleased to announce
that its common shares will commence trading today, 18 October 2024, on the
AIM market of the London Stock Exchange plc ("AIM") (the "Admission").

The Admission follows the successful completion of the fundraising of £3.875
million (C$7 million) (before expenses) (the "Fundraising"), as announced on
15 October 2024. Total gross funds raised by the Company pursuant to the
Fundraising and the £1.125 million pre-IPO cornerstone investment as first
announced on 21 August 2024, therefore amount to £5 million.

Dealings in Pulsar's common shares of no par value ("Common Shares") on AIM
will commence at 08:00 a.m. today under the TIDM "PLSR" and ISIN code
CA7459321039.

The Company's Common Shares will continue to be listed and traded on the TSX
Venture Exchange ("TSX-V") in Canada and the OTCQB Venture Market in the
United States.

PULSAR HIGHLIGHTS

•             Primary Helium Discovery: Pulsar is at the
forefront of primary helium project discovery and development, with its
flagship Topaz project in Minnesota ("Topaz") flowing concentrations that are
considered very high by global standards, significantly surpassing the
commonly accepted economic viability threshold. Topaz also has a potential
value-add product in the form of CO₂, with drilling demonstrating high
content.

•             Significant Upside Potential: The Company has only
drilled one well to date at Topaz, with ongoing exploration poised to unveil
the project's considerable size and scale, further enhancing its resource
base.

•             Near-Term Drilling and Timeline to Production: The
Fundraising enables Pulsar to accelerate its development plans at Topaz,
initially by deepening the Jetstream #1 well in Q4 2024, acquiring further
seismic and commissioning a third party preliminary economic assessment, with
a clear pathway to production supported by existing infrastructure and
low-cost operational strategies.

•             Green Helium Focus: Pulsar prioritises sustainable
extraction practices, producing helium without the association of hydrocarbons
or water.

•             Technology Driven Demand: Helium is a critical and
scarce resource used in semiconductor manufacturing, high-quality fibre-optic
cable production, and MRI imaging. Its unique properties also improve data
storage efficiency and mean helium is used by the growing space industry. With
increasing demand and significant supply constraints, developing new helium
sources is crucial for advancing technology.

•             Strong Management Team: The management team
combines decades of helium industry experience, leading strategic initiatives
and enhancing operational effectiveness.

•             Strategic Helium Project: The Tunu Project in
Greenland ("Tunu") is a primary helium district with exclusive rights to
2,816km². Independent studies indicate up to 0.8% helium concentrations,
positioning Tunu to meet rising European demand.

•             Supportive Jurisdictions: With its projects in USA
and Greenland, Pulsar benefits from supportive local legislation and a
community-focused approach, significantly de-risking its projects.

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

"We are excited to announce our first day of dealings on the AIM market, a
significant milestone for Pulsar that opens new avenues for growth and
investment. This listing offers UK investors the opportunity to be part of
Pulsar's journey as we aim to become a strategic supplier of green helium, a
resource that is increasingly vital for the technologies of today and
tomorrow.

Our recent fundraising, which was oversubscribed by more than 50%, is a
testament to the strong support and confidence in our vision and our flagship
Topaz project. The Topaz project has yielded very high helium concentrations
by global standards, far exceeding the economic viability threshold, and
positions us at the forefront of primary helium discovery and development.

The funds raised will enable us to accelerate our exploration and development
activities at Topaz, allowing us to unlock its considerable size and
potential, while also advancing our Tunu project in Greenland, which holds
significant promise as one of Europe's few primary helium occurrences.

Helium plays a crucial role in various technology-driven sectors and as the
global helium market faces increasing supply constraints, our commitment to
sustainable extraction practices positions us to meet the growing demand for
this critical resource in a way that is mindful to the planet.

We look forward to providing updates on the continued progress of our projects
and our strategic initiatives as we look to continue the delivery of value to
all our stakeholders."

HIGHLIGHTS OF THE FUNDRAISING

•             The Fundraising comprised a placing of 15,500,000
new Common Shares (the "Fundraising Shares") at a price of 25p (approximately
C$0.45) (the "Issue Price") per Fundraising Share.

•             As announced on 3 September 2024, the Company
closed a pre-IPO cornerstone investment of £1.125 million (the "Cornerstone
Investment") by way of a subscription for special warrants of the Company by
Jerome Anthony Keen, a principal of OAK Securities (a trading name of Merlin
Partners LLP). The Cornerstone Investment has converted, at the Issue Price,
into 4,500,000 new Common Shares.

•             The net proceeds of the Fundraising (together with
the Company's existing funds, including the Cornerstone Investment) are
expected to be used primarily to accelerate the development of Topaz through
undertaking further drilling to deepen the Jetstream #1 well, acquire further
seismic studies and complete a preliminary economic assessment, undertake
additional (as yet uncommitted) Topaz project related activities, and for
general working capital uses.

•             Strand Hanson Limited acted as nominated and
financial adviser to the Company in connection with Admission.

•             OAK acted as broker in connection with the
Fundraising, having sourced the initial £1.125m Cornerstone Investment, and
then built a heavily oversubscribed book for the Fundraising. OAK is acting as
joint broker from Admission.

Admission Document

The Admission Document is available to download from the Company's website at
www.pulsarhelium.com (http://www.pulsarhelium.com) .

Further Information:

Pulsar Helium Inc.

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

+ 1 (604) 599-0310

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

BlytheRay Ltd

(Financial PR)

Megan Ray / Said Izagaren

+44 207 138 3204

pulsarhelium@blytheray.com (mailto: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. For further information visit https://pulsarhelium.com
(https://pulsarhelium.com) , X https://x.com/pulsarhelium
(https://x.com/pulsarhelium) and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc
(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 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.

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