REG - Pulsar Helium Inc. - Appraisal Programme Completed Jetstream 3

Pulsar HeliumAnnouncement

11/11/2025 07:00

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RNS Number : 9627G  Pulsar Helium Inc.  11 November 2025

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NEWS RELEASE | NOVEMBER 11, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ADVANCES APPRAISAL PROGRAMME WITH COMPLETION OF JETSTREAM #3 AND
COMMENCEMENT OF TESTING; RIG MOBILISED TO JETSTREAM #4, TOPAZ PROJECT,
MINNESOTA, USA.

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a primary helium development company, is pleased to announce the
successful completion of drilling the Jetstream #3 appraisal well at its
flagship Topaz Project in Minnesota, USA, with the drilling operation reaching
a total depth ("TD") of 3,507 feet.

Highlights:

·    Successful Drilling: Jetstream #3 reached a total depth ("TD") of
3,507 feet (1,069 meters) on November 7, 2025, successfully penetrating the
entire interpreted helium-bearing interval.

·    Commencement of drilling at Jetstream #4: Drill rig relocated and
Jetstream #4 successfully 'spudded' on Sunday November 9, 2025, as progress
begins toward achieving a TD of 3,000 feet (914 metres).

·    Strong Pressure: Multiple pressurized gas zones throughout the
drilling campaign with a calculated bottom-hole pressure of approximately 960
psi. This strong pressure reading indicates a robust, naturally pressurized,
highly charged reservoir at the well location, providing further validation of
the Topaz reservoir's potential.

o  For comparison, Jetstream #1 had a well-head pressure of 185 psi when
drilled in 2024, and Jetstream #2 a well-head pressure of 205 psi.

·    Next Steps: Jetstream #3 will, this week, undergo a comprehensive
evaluation, with a suite of open-hole wireline logs running to collect
detailed geological and petrophysical data. An optical televiewer will be used
to image the well-bore wall geology, followed by a proposed controlled
flow-testing and pressure build-up program to measure well deliverability.

The active drilling campaign consists of up to 10 wells and is designed to
further define the geometry, extent, and productivity of the helium-bearing
reservoir at Topaz. Field activities will be ongoing as the Company advances
towards its objectives of updating the Topaz resource and conducting a
Preliminary Economic Assessment (PEA) in H1 2026. Pulsar is fully committed to
realising Topaz's production potential with the aim of providing a new source
of helium supply to the North American market.

Thomas Abraham-James, President & CEO of Pulsar Helium, commented on the
drilling:

"It is my pleasure to report the successful completion of drilling the
Jetstream #3 appraisal well at our Topaz project in Minnesota, USA. Initial
bottom-hole pressure readings surpass expectation and reinforce our belief in
the huge potential offered by this incredible multi-commodity gas discovery."

"With the drilling of Jetstream #4 underway and down-hole testing soon to
commence at Jetstream #3, momentum continues to build at Topaz as we advance
our drilling campaign and move steadily towards defining what we believe to be
one of North America's most significant primary helium discoveries."

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)

Richard McGlashan / Mungo Sheehan

+44 7879 646641 / +44 7788 266844

richard.mcglashan@oak-securities.com
(mailto:richard.mcglashan@oak-securities.com) /
mungo.sheehan@oak-securities.com (mailto:mungo.sheehan@oak-securities.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.

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 quoted on the AIM market of
the London Stock Exchange and listed on 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.

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
statements regarding bringing the Topaz project to production, anticipated
full plant construction contract in 2026, final investment decision being made
in 2026, the potential impact of the drill results, flow testing and pressure
testing on the next iteration of the resource estimate; the potential of CO2
and/or Helium-3 as a valuable by-product of the Company's future helium
production; 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 ; 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 July 31, 2025 for the year ended
September 30, 2024 found under Company's profile on www.sedarplus.ca
(http://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.

 

 

 

 

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