Pulsar Helium Inc. - Pulsar Appoints Ranzini to Board & PDMR Dealings

Pulsar Helium

17/03/2026 07:00

RNS Number : 8709W

Pulsar Helium Inc.

17 March 2026

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

NEWS RELEASE |MARCH 17, 2026 | CASCAIS, PORTUGAL

PULSAR HELIUM APPOINTS STEPHEN LANGE RANZINI TO THE BOARD OF DIRECTORS AND AS DEPUTY CHAIR AND PDMR DEALINGS

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a primary helium company, is pleased to announce the appointment of Stephen Lange Ranzini to its Board of Directors as Deputy Chair, effective March 16, 2026.

Mr. Ranzini is the President & CEO of University Bancorp, Inc. (OTCQB: UNIB) ("UNIB") and its wholly owned subsidiary, University Bank in Ann Arbor, Michigan, a position he has held since 1988 following the acquisition of the bank by UNIB. Under his leadership, the institution has expanded from a single-office community bank into a diversified financial services organization offering a range of banking, lending, insurance and asset management services.

Mr. Ranzini has over four decades of experience in financial services and corporate governance. Throughout his career, he has served on numerous corporate, industry and non-profit boards, including leadership roles as chair or vice-chair of several organizations. His experience also includes venture investment, international trade finance, asset backed lending, foreign exchange and economic development.  UNIB currently has a total of over $36 billion in Assets Under Management for over 185,000 customers across the U.S.

Mr. Ranzini will serve as Deputy Chair of the Board and will also participate on certain Board committees, to be determined.

Neil Herbert, Chair of Pulsar, commented:

"We are delighted to welcome Stephen Lange Ranzini to Pulsar Helium as Non-Executive Deputy Chairman. Stephen brings deep U.S. financial market expertise, extensive institutional relationships, and a highly accomplished leadership record. As CEO of University Bank, he has overseen its development into one of the top-performing banks in the United States, demonstrating a consistent ability to build resilient institutions and create long-term shareholder value.

Stephen's appointment represents an important strengthening of Pulsar's senior leadership in the United States as we continue to build out a top-tier American leadership bench to support the development of our projects and capital markets profile. His experience at the highest levels of the U.S. financial system, including his appointment by the Federal Reserve to its Secure Payments Steering Committee and long-standing role within the Federal Reserve's Remittance Coalition, reflects the caliber of insight and network he brings to the Company.

Stephen's strategic perspective and experience across banking, capital markets and financial infrastructure will provide valuable guidance as Pulsar continues advancing its assets and positioning the Company to deliver long-term value for shareholders."

Stephen Lange Ranzini, Deputy Chair of Pulsar, commented:

"I am pleased to join the Board of Pulsar, which has discovered a significant occurrence of Helium-4 and Helium-3 in Minnesota's Iron Range (see Company's press release dated October 1, 2025). Qatar accounts for approximately a third of global helium production, with exports reliant on shipping routes through the Strait of Hormuz. Ongoing hostilities in the region have highlighted the vulnerability of global helium supply chains. In this context, I believe that assisting Pulsar to complete the exploration program at its Topaz Project to quantify the size of the discovery and preparations for potential development of the Topaz Project into production as quickly as possible is now a national economic and national security imperative. Because of this, I have decided to add my effort to advise Pulsar's very qualified team of experts to try to accelerate their work."

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

"We are very pleased to welcome Stephen to the Pulsar Board as Deputy Chair. UNIB has already demonstrated strong support for Pulsar, holding approximately 4.99% of the Company's issued share capital, providing a US$4 million line of credit to support development activities at our Topaz project, and expressing its intention to potentially finance up to US$12.5 million for a helium processing facility. Stephen's appointment further strengthens Pulsar's positioning in the United States, where our flagship Topaz helium project is located, and we look forward to benefiting from his extensive financial services and governance experience as we advance the project."

PDMR Transaction Notification

In accordance with Article 19 of the UK Market Abuse Regulation, Thomas Abraham-James, President, CEO and Director of Pulsar Helium Inc., notifies that on March 16, 2026, he sold 1,452,538 common shares of the Company (ISIN: CA7459321039) ("Common Shares") off-market to University Bancorp, Inc. (OTCQB: UNIB), represented by Stephen Lange Ranzini. The transaction was effected to restore UNIB's holding to approximately 4.99% of the Company's issued share capital, following dilution of its position as a result of the Company's fundraise completed on February 27, 2026. The consideration comprises a first payment of US$1.00 per share (US$1,452,538 in aggregate) payable on the transaction date, and a deferred second payment of up to US$0.35 per share (maximum US$508,388) payable in September 2026, linked to the 20-day VWAP of the Common Shares on the TSX Venture Exchange as at 15 September 2026. Maximum aggregate consideration is US$1.35 per share (US$1,960,926 in aggregate). Following this transaction, Thomas Abraham-James retains beneficial ownership of 10,881,916 Common Shares, representing approximately 6.0% of the Company's issued share capital. A further notification will be made following determination of the Second Payment in September 2026.

The PDMR notification form below sets additional information.

Further information on Stephen Ranzini's appointment

Stephen Lange Ranzini (aged 60) holds, or has held, the following directorships or partnerships within the past five years:

Current directorships/partnerships
Past directorships/partnerships in the last five years
University Bancorp Inc
Orpheus Capital, LP
University Bank
Hoover, LLC
Michigan Business & Industrial Development Company
Crescent Corporate, Inc
Hyrex Servicing, LLC
University Lending Group LLC
Hyrex Servicing Holding Company, LLC
Tuomy, LLC
Northern Michigan Foundation
West Pier Corporation
Jove Corporation
ASC X9 Inc
UIF Corporation
UIF Trust LLC
Lyre LLC
2621 Carpenter Road, LLC
Ann Arbor Insurance Centre, Inc
Credit Union Trust
Crescent Assurance PCC
2460 Washtenaw Avenue LLC
2015 Washtenaw Avenue LLC
University Home Loan, LLC


Mr. Ranzini was a director of Crescent Corporate Services Ltd from March 2007 to March 2016 and served as Chairman from July 2010 to March 2016. In August 2013, an examiner was appointed to assess the company's financial position, and in February 2016 liquidators were appointed. Crescent Corporate Services Ltd was subsequently dissolved in 2022. Whilst no official records could be identified, Mr. Ranzini understands that there was shortfall to creditors of less than US$100,000.

Mr. Ranzini, together with his wife and children, holds a direct interest in 260,097 Common Shares. Mr. Ranzini also has indirect interests in Pulsar through University Bancorp Inc., and Jove Corporation. Mr. Ranzini has a beneficial interest of 18.18% (with voting control over 35.16%) in University Bancorp Inc., which will be interested in 9,035,435 Common Shares, representing 4.99% of Pulsar's share capital on completion of the share purchase detailed in this announcement. Mr. Ranzini holds a 43% interest in Jove Corporation, which is interested in 230,300 Common Shares, representing 0.13% of Pulsar's share capital. Additionally, Mr. Ranzini has investment authority, but no beneficial ownership or voting rights control, over 1,648,000 Common Shares, representing 0.91% of Pulsar's share capital, held by Rory Ballard.

Save as disclosed above, there are no further disclosures to be made in accordance with Rule 17 and Schedule Two (g) of the AIM Rules for Companies in respect of the appointment of Stephen Ranzini.

On behalf of Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Further Information:

Pulsar Helium Inc.

connect@pulsarhelium.com      

+ 1 (218) 203-5301 (USA/Canada)

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

https://pulsarhelium.com

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

Strand Hanson Limited

(Nominated & Financial Adviser, and Broker)

Ritchie Balmer / Rob Patrick

+44 (0) 207 409 3494

Yellow Jersey PR Limited

(Financial PR)

Charles Goodwin / Annabelle Wills

+44 777 5194 357

pulsarhelium@yellowjerseypr.com

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of the London Stock Exchange (United Kingdom) and listed on the TSX Venture Exchange with the ticker PLSR (Canada), as well as on the OTCQB with the ticker PSRHF (United States of America). 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 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 expected results of exploration and potential development of Helium-4 and Helium-3 at the Company's projects 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 exploration, 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 data 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 risk factors included in the Company's Annual Information Form dated February 3, 2026, for the year ended September 30, 2025, found under 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 are expressly qualified in their entirety by this cautionary statement.

PDMR Notification Form:

1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. Thomas Abraham-James
2. Stephen Ranzini
2.
Reason for the Notification
a)
Position/status
1. Director
2. Director
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Pulsar Helium Inc.
b)
LEI
254900ZCNH1VXNBQY881
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Common Shares of no par value
Identification code
CA7459321039
b)
Nature of the Transaction
Sale and purchase or Common Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Up to US$1.35 per share (see above under "PDMR Transaction Notification")
1,452,538
d)
Aggregated information
Aggregated volume Price
N/A (single transaction)
e)
Date of the transaction
March 16, 2026
f)
Place of the transaction
N/A, off-market

 

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