REG - Pulsar Helium Inc. - Pulsar Commences Field Activities for Jetstream #1

Pulsar HeliumAnnouncement

09/12/2024 07:00

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RNS Number : 2329P  Pulsar Helium Inc.  09 December 2024

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NEWS RELEASE | DECEMBER 9, 2024 | CASCAIS, PORTUGAL

Pulsar Helium Commences Field Activities for Deepening the Jetstream #1
Appraisal Well at the Topaz Project in Minnesota, USA

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, announces the
commencement of field activities at its flagship Topaz Project in Minnesota
("Topaz" or the "Project"). The Company reports that personnel and equipment
have begun arriving on-site, with deepening of the Jetstream #1 appraisal well
set to commence when all equipment is on site and scheduled to conclude before
the Christmas holiday. As part of this crucial phase, Pulsar plans to deepen
the Jetstream #1 appraisal well by a minimum of 1,640 feet (500 metres).

Highlights

•     Field mobilisation: Personnel and equipment started arriving
on-site on the 7th of December.

•     Drilling schedule: The deepening of the Jetstream #1 appraisal well
is scheduled to begin when the rig and all associated equipment is on site and
conclude prior to the Christmas holiday.

•     Well extension: Pulsar aims to deepen the Jetstream #1 well by a
minimum of 1,640 feet (500 metres), penetrating the entire modelled
helium-bearing reservoir.

•     Data acquisition: A mass spectrometer will be acquiring gas
compositional data throughout the drilling with wireline log acquisition to
occur immediately upon completion of drilling.

•     Site preparedness: The Jetstream #1 drill pad is fully prepared
and permitted.

•     Continuous operations: Comprehensive site upgrades are completed,
allowing continuous drilling and access to support ancillary activities
throughout December and into 2025.

Thomas Abraham-James, President & CEO of Pulsar, commented on the recent
development at the Topaz Project:

"Deepening Jetstream #1 is a major step forward for Pulsar. The February 2024
well that was drilled within the prospect did not reach the desired depth
flowed concentrations that are extremely high by global standards,
significantly surpassing the commonly accepted economic viability threshold.
During this deeper drilling phase, we plan to build on this and unlock a
helium resource of size and quality to advance our goal to become a
significant helium supplier.

"I look forward to updating our shareholders on the drilling results in the
near future."

Subscribe and watch today's live Interview with Pulsar's President & CEO
Thomas Abraham-James, streamed on investormeetcompany.com at 13:00GMT:
investormeetcompany.com/pulsar-helium-inc-1/register 

Strategic Significance

The Jetstream #1 appraisal well previously reached total depth (TD) of 2,200
feet (671 metres) on the 27th of February 2024, identifying top-tier helium
concentrations of up to 14.5%, well above the 0.3% widely accepted economic
threshold, and CO2 concentrations exceeding 70% - with the latter expected to
further contribute to the project economics. The deepening of Jetstream #1 is
a pivotal step in advancing Pulsar's strategy to address the increasing global
demand for helium as the Company moves another step closer to production. The
deepening of Jetstream #1 will target the full height of the helium reservoir,
guided by insights from recently acquired survey data, previous drilling
phases, and onsite testing.

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

+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)

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:

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

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

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 results of drilling, results of an updated
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 Prospective Resources and the
Chance of Commerciality of Topaz; the potential impact of deepening Jetstream
#1 and the potential impact of such deepening on the next iteration of the
resource estimate; 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 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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