REG - Pulsar Helium Inc. - Receipt of Non-Binding $12.5M Project Financing

Pulsar HeliumAnnouncement

15/08/2025 07:00

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RNS Number : 4515V  Pulsar Helium Inc.  15 August 2025

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LOCAL SECURITIES LAWS OR REGULATIONS.

NEWS RELEASE | AUGUST 15, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES RECEIPT OF NON-BINDING US$12.5 MILLION PROJECT
FINANCING EXPRESSION OF INTEREST FROM UNIVERSITY BANK, MICHIGAN

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a leading helium project development company, is pleased to
announce that University Bank, a Michigan-based banking company wholly owned
by University Bancorp, Inc., has provided a non-binding expression of interest
to provide Pulsar with project financing of up to US$12.5 million for the
construction of a helium processing plant at the Company's wholly owned Topaz
project in Minnesota, USA. University Bancorp, Inc. currently holds
approximately 4.9% of Pulsar's issued share capital.

The Company also announces that University Bancorp, Inc. has extended the
maturity date of the existing US$4 million project financing facility line of
credit provided to Pulsar's subsidiary Keewaydin Resources, Inc. from March
31, 2026, to November 30, 2026, in consideration for a 0.75% extension fee on
the current drawn amount of US$2.5 million (US$18,750), with the fee payable
at maturity.

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

"We are extremely grateful for University Bank's continued support and
confidence in Pulsar. Their financing interest of lending Pulsar up to US$12.5
million for the construction of a helium processing plant marks another
important step towards delivering the Topaz project into production. This
potential funding, alongside the extension of our existing line of credit,
strengthens our ability to move forward decisively with construction planning
and execution."

The closing (the "Closing") of the proposed financing facility, which is
subject to negotiation of definitive documentation and the satisfaction of
specific conditions precedent (set out below), would bear interest at 12% per
annum, with interest-only payments for the first twenty-four (24) months,
followed by a full amortisation over five (5) years, with final maturity after
seven (7) years. A 2% fee would be earned at Closing and payable at the end of
the interest-only period.

Conditions to be satisfied prior to Closing include:

•           Issuance of a final report by an independent resource
estimator confirming sufficient proven helium reserves at the Topaz project to
support a the construction of a helium plant;

•             Receipt of all permits and legal title required for
production at the Topaz project;

•         Availability of sufficient working capital to fund the
remaining plant construction costs and operations at the Topaz project through
completion and for six months thereafter; and

•             Approval by the Board of Directors of University Bank.

The proposed financing is non-binding and remains subject to negotiation of
definitive agreements, satisfaction of all conditions precedent, and customary
regulatory approvals.

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

+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.

Yellow Jersey

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

pulsarhelium@yellowjerseypr.com (mailto:pulsarhelium@yellowjerseypr.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.

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.

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 relating to the expected satisfaction of the conditions
precedent for the project financing, negotiation of a definitive agreement and
Closing of the project financing, payment of extension fee, commercial
production of the Topaz project, and results of operations. 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.

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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