REG - Pulsar Helium Inc. - Warrant Exercise by Major Investor Proceeds C$5.6M

Pulsar HeliumAnnouncement

06/11/2025 07:00

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RNS Number : 4369G  Pulsar Helium Inc.  06 November 2025

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE, AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018,
AND REGULATION (EU) NO. 596/2014 ON MARKET ABUSE.

UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
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NEWS RELEASE | NOVEMBER 6, 2025 | CASCAIS, PORTUGAL

PULSAR HELIUM ANNOUNCES WARRANT EXERCISE BY ITS MAJOR INVESTOR

BRINGING IN NET PROCEEDS OF CAD$5.6 MILLION

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a helium exploration and development company, is pleased to
announce that on November 5, 2025, all of the 15,500,000 share purchase
warrants held by its major shareholder ABCrescent Cooperatief U.A. ("ABC" or
"ABCrescent"), have been exercised at an exercise price of CAD$0.36, and
generated cash proceeds for the Company of CAD$5,580,000 (the "Warrant
Exercise"). The funds strengthen Pulsar's balance sheet and will be used to
advance the Company's flagship Topaz helium project in Minnesota, USA.

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

"We are sincerely grateful for ABCrescent's continued support and confidence
in Pulsar. By exercising their warrants, they have demonstrated a strong
commitment to our vision, reinforcing our cash position and providing CAD$5.6
million in proceeds to drive development of our Topaz helium project in
Minnesota. They remain our largest shareholder and retain their seat on the
Board, underscoring the depth of our partnership and their long-term
commitment. This transaction significantly streamlines our capital structure
by eliminating virtually all outstanding warrants and removing any perceived
market overhang. With these positive steps, we move forward from a position of
strength, and I am excited to continue advancing Topaz and sharing further
updates as our work progresses."

ABC Share and Warrant Detail

ABC was issued 15,500,000 share purchase warrants with an exercise price of
CAD$0.36 as part of a unit offering that closed on January 17, 2024. On
November 5, 2025, they were exercised in their entirety bringing proceeds for
the Company of CAD$5,580,000.

ABC also advises the Company that over November 4, 2025, and November 5, 2025,
ABCrescent on behalf of fully managed accounts, disposed of (the
"Disposition") control and direction over an aggregate of 200,000 common
shares in the Company ("Common Shares"). Brice Laurent, a Director of the
Company, is a managing partner of ABC. ABC advises that the 200,000 Common
Shares were sold at an aggregated volume price of approximately 40 pence (or
approximately CAD$0.75) per Common Share for aggregate proceeds of
approximately £81,700 pursuant to certain market sales over the facilities of
AIM Market on the London Stock Exchange and the TSX Venture Exchange.

ABC advises that following the Disposition and the Warrant Exercise, ABC
exercises control or direction over, directly or indirectly, 22,576,316 Common
Shares, representing 13.53% of the Company's issued and outstanding Common
Shares.

In addition, Pulsar notes that Brice Laurent is interested directly in 450,000
stock options held over Common Shares under the Company's shareholder-approved
Stock Option Plan. Mr. Laurent also reports that he personally holds 17,570
Common Shares.

Admission to AIM and Total Voting Rights

Application has been made to the London Stock Exchange plc for the admission
of the 15,500,000 new Common Shares issued pursuant to the Warrant Exercise,
to be admitted to trading on AIM, which is expected to occur and dealings
commence at 8.00 a.m. on or around November 12, 2025. The new Common Shares
will rank pari passu with the Company's existing Common Shares.

On Admission, the total number of Common Shares in issue will be 166,861,376
with voting rights. This figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company's
issued share capital pursuant to the Company's Articles.

About the Topaz Project

The Topaz project is located in northern Minnesota, USA, where Pulsar is the
first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal
well reached a total depth ("TD") of 5,100 feet (1,555 meters) in January
2025, successfully penetrating the entire interpreted helium-bearing reservoir
and beyond. Drilling of the Jetstream #2 appraisal well was completed on
February 1, 2025, reaching a TD of 5,638 feet (1,718 meters). In August 2025,
the Jetstream #1 well was successfully flow-tested using a wellhead
compressor. Recent laboratory analyses have also confirmed the presence of
helium-3 in measurable concentrations, representing one of the highest
naturally occurring helium-3 values publicly reported in a terrestrial gas
reservoir. The forthcoming multi-well drilling campaign will build on these
results to expand Pulsar's understanding of the reservoir and advance Topaz
toward development.

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 / Mungo Sheehan

+44 2039 73678 / +44 7788 266844

Jerry.keen@oak-securities.com (mailto:Jerry.keen@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 PR Limited

(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.

PDMR Notification Forms:

The notifications below, which has been made in accordance with the
requirements of UK MAR, provides further details.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         ABCrescent Cooperatief U.A. is a PCA of Brice Laurent, Director of the Company
 2.  Reason for the Notification
 a)  Position/status                                              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 of Common Shares through the AIM Market on the London Stock Exchange and
                                                                  TSX Venture Exchange
 c)  Price(s) and volume(s)                                       Price(s)      Volume(s)
                                                                  43.15 pence   25,000

                                                                  39.25 pence   25,000

                                                                  38.00 pence   50,000

                                                                  CAD$0.7707    85,500

                                                                  CAD$0.77      14,500
 d)  Aggregated information                                       AIM Market on the London Stock Exchange: 100,000 shares at 40 pence

     Aggregated volume Price                                      TSX Venture Exchange: 100,000 shares at CAD$0.75

 e)  Date of the transaction                                      November 4, 2025
 f)  Place of the transaction                                     AIM Market on the London Stock Exchange and TSX Venture Exchange

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         ABCrescent Cooperatief U.A. is a PCA of Brice Laurent, Director of the Company
 2.  Reason for the Notification
 a)  Position/status                                              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  Warrants over Common Shares
     Identification code                                          CA7459321039
 b)  Nature of the Transaction                                    Exercise of Warrants
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  CAD$0.36  15,500,000
 d)  Aggregated information                                       N/A (Single transaction)

     Aggregated volume Price
 e)  Date of the transaction                                      November 5, 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Aggregated volume Price

AIM Market on the London Stock Exchange: 100,000 shares at 40 pence

TSX Venture Exchange: 100,000 shares at CAD$0.75

 

e)

Date of the transaction

November 4, 2025

f)

Place of the transaction

AIM Market on the London Stock Exchange and TSX Venture Exchange

1.

Details of the person discharging managerial responsibilities / person closely
associated

a)

Name

ABCrescent Cooperatief U.A. is a PCA of Brice Laurent, Director of the Company

2.

Reason for the Notification

a)

Position/status

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

Warrants over Common Shares

Identification code

CA7459321039

b)

Nature of the Transaction

Exercise of Warrants

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 CAD$0.36  15,500,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

November 5, 2025

f)

Place of the transaction

Outside a trading venue

 

 

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