REG - Pulsar Helium Inc. - Pulsar Provides Update on Tunu Project Greenland

Pulsar HeliumAnnouncement

30/01/2025 07:00

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RNS Number : 1878V  Pulsar Helium Inc.  30 January 2025

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NEWS RELEASE | JANUARY 30, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES SUCCESSFUL COMPLETION OF PASSIVE SEISMIC SURVEY AT THE
TUNU PROJECT IN GREENLAND

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 received the interpretation of a passive seismic survey
conducted at the Kap Tobin prospect within the Tunu Project, Greenland. The
data was collected in the summer of 2024 and interpretation received this
month, showing two main low velocity anomaly zones that fit surface
observations of a hydrothermal zone and fault that is associated with gas
emissions containing up to 0.8% helium between 50-200 metres vertical depth.

Key achievements:

•          Successful Survey: 150 passive seismic sensors deployed at
an average interstation distance of 100 metres.

•          Promising Results: High quality data received, reliable
between 50-200 metres vertical depth.

•         Velocity Anomalies: Study reveals two low-velocity anomaly
zones aligning with surface observations of a hydrothermal zone and a fault
linked to gas emissions with up to 0.8% helium.

•     Fractured Reservoir: Unexpectedly low velocities suggest the rock is
more fractured than anticipated.  This could aid helium exploration, as
fractures provide spaces for the gas to accumulate and become trapped
underground.

•         Exploration Targets:  Identified low-velocity zones offer
clear targets for drilling exploratory wells for helium and potential
associated geothermal energy production.

Thomas Abraham-James, President & CEO of Pulsar Helium, commented on the
study:
"The completion of this passive seismic survey at the Kap Tobin
prospect in Greenland marks a significant milestone in our exploration efforts
at the Tunu Project. The identified low velocity anomalies, coupled with our
previous helium shows in the area, reinforce our confidence in the project's
potential not only for helium, but also geothermal energy. These results
provide valuable insights into the subsurface structure and will guide our
future exploration and development strategies."

Strategic Significance

Helium is on the European Union (EU) list of critical raw materials and while
not an EU member, Greenland is a strategic partner to the critical raw
materials initiative. Potential for a combined helium and geothermal energy
operation has been identified and is being assessed for commercial production.
Geothermal energy could be utilised for the helium production facility and as
an alternative power source for the nearby settlement of Ittoqqortoormiit
(located 7.5km to the north of Kap Tobin) which currently relies on diesel
generators. Meanwhile produced helium could be exported to the EU.

Reservoir Potential

The survey has revealed promising indications of potential helium-bearing
reservoirs. The two identified main NNE-SSW low velocity anomaly zones
correlate with surface observations of hydrothermal activity and faulting.
These features could potentially indicate pathways for helium migration and
accumulation.

Kap Tobin Summary

The Kap Tobin prospect located within the Company's Tunu Project in Liverpool
Land, East Greenland, and is 7.5km south of the settlement of
Ittoqqortoormiit. Previous sampling of hot springs at Kap Tobin in 2022
revealed helium concentrations between 0.36-0.82%, determined using different
methods in three independent laboratories. The remainder of the gas is mostly
nitrogen, which is an inert gas that makes up the majority of Earth's
atmosphere. Additional geothermal studies by academic institutions suggest a
reservoir temperature of at least 80°C, with some models indicating
temperatures up to 110°C.

Next Steps

Pulsar will integrate these passive seismic results with existing geological
and geochemical data to refine its exploration model and identify optimal
locations for future drilling. Given the positive results to date, the Company
is assessing potential strategic partners to advance the Tunu Project while it
focuses on realising the helium production potential at its Topaz Project in
Minnesota, USA.

The Tunu Project Mineral Exploration Licence

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 is
now showing approval 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.

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.

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.

Qualified Person Sign-off

In accordance with the AIM Note for Mining and Oil and Gas Companies, the
Company discloses that Thomas Abraham-James, President, CEO and Director of
the Company has reviewed the technical information contained herein. Mr.
Abraham-James has approximately 20 years in the mineral exploration industry,
is a Chartered Professional Fellow of the Australasian Institute of Mining and
Metallurgy (FAusIMM CP (Geo)), a Fellow of the Society of Economic Geologists
and a Fellow of the Geological Society of London.

For further information visit:

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 potential impact for conducting geophysical surveys
and drilling future wells 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 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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