REG - Pulsar Helium Inc. - Financial and Operating Results Q1 2026

Pulsar HeliumAnnouncement

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RNS Number : 5174U  Pulsar Helium Inc.  26 February 2026

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NEWS RELEASE | FEBRUARY 26, 2026 | CASCAIS, PORTUGAL

PULSAR FILES FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER ENDED
DECEMBER 31, 2025

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the
"Company"), a primary helium company, is pleased to announce its financial and
operating results for the three months ended December 31, 2025 (the "Period").

Selected financial and operational information is outlined below and should be
read in conjunction with the Company's unaudited condensed interim
consolidated financial statements and related management's discussion and
analysis (the "MD&A") for the three months ended December 31, 2025, which
are available on the Company's website at www.pulsarhelium.com
(http://www.pulsarhelium.com) and at the following links:

•             Financial Statements:
http://www.rns-pdf.londonstockexchange.com/rns/5174U_1-2026-2-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5174U_1-2026-2-26.pdf)

•             MD&A:
http://www.rns-pdf.londonstockexchange.com/rns/5174U_2-2026-2-26.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/5174U_2-2026-2-26.pdf)

All figures are in US dollars ("$") unless otherwise stated.

Operational Highlights for the Period and Post Period

 * In October 2025, the Company commenced a drilling programme aiming to drill up
to ten wells, with a total of six completed to date (Jetstream #1 - #6) and
drilling underway at Jetstream #7. The drilling program's primary goal is to
delineate the extent and productivity of the helium reservoir at Topaz. Data
from these core wells, including gas shows, core samples, and downhole
measurements, will enable Pulsar to map reservoir continuity between the well
locations and to identify optimal areas for future production.

 *  In November 2025, the Company completed drilling of the Jetstream #3
appraisal well to a total depth of 3,507 feet (1,069 meters), and completed
drilling of the Jetstream #4 appraisal well to a total depth of 3,000 feet
(914 meters).

 * In January 2026, two U.S. Federal laboratories independently confirmed the
helium-3 (3He) isotope concentration from the Topaz Project. The U.S.
Geological Survey Noble Gas Laboratory in Denver and Lawrence Livermore
National Laboratory in California each analyzed raw gas samples from the
Jetstream #1 well, both laboratories reported results consistent with prior
analyses conducted by the Woods Hole Oceanographic Institution, confirming
the presence of ³He in the gas with a concentration range of 11.2-11.9
parts-per-billion (ppb) and associated with 7.7- 8.0% helium-4 (4He),
respectively.

 * In January 2026, the Company completed drilling of the Jetstream #5 appraisal
well to a total depth of 3,839 feet (1,170 meters), and in February 2026, the
Company completed drilling of the Jetstream #6 appraisal well to a total depth
of 2,597 feet (792 meters).

Acquisitions for the Period and Post Period

 * In November 2025, the Company entered into a definitive agreement to acquire
80% of the common shares of Quantum Hydrogen Inc. ("Quantum"), a Texas
corporation, which holds exclusive mineral rights for non-hydrocarbon gases in
Minnesota that are located in the St. Louis and Itasca Counties to the west of
the Company's Topaz project. In consideration, the Company agreed to issue
common shares having an aggregate value of $400,000, to be issued in five
equal monthly tranches of $80,000 each over a five-month period commencing
upon receipt of TSX-V approval. The number of common shares in each tranche
will be determined by the thirty-day volume-weighted average price of the
Company's common shares prior to each issuance. The Company was also granted
the option to acquire the remaining 20% of Quantum within eighteen months for
an additional $400,000 payable in common shares of the Company, issuable under
the same terms and pricing mechanism as set out above. In December 2025, the
Company issued 292,560 common shares to satisfy the first and second monthly
tranches of $80,000 each. In January 2026, the Company issued 145,434 common
shares satisfying the third monthly tranche of $80,000, and in February 2026,
the Company issued 80,947 common shares satisfying the fourth monthly tranche
of $80,000. The fifth and final tranche of common shares is due in March 2026
to complete the acquisition of Quantum. Once acquired, these mineral rights
will expand the Company's land position west of the Topaz project.

 * In January 2026, the Company completed the acquisition of 100% of the common
shares of Hybrid Hydrogen Inc. ("Hybrid") for total consideration of $105,000
cash. Hybrid holds an exclusive mineral rights option to lease in Michigan's
Upper Peninsula, targeting non-hydrocarbon gases (primarily helium). The
Company now refers to this project as the Falcon helium project.

Financial Highlights for the Period and Post Period

 * During the Period, the Company recorded exploration and evaluation
expenditures of $2 million related to drilling at the Topaz project as
described above.

 * During the Period, the Company issued 16,150,567 common shares on the exercise
of warrants for gross proceeds of $4.1 million.

 * During the Period, the Company issued 800,000 common shares on the exercise of
options for gross proceeds of $0.3 million.

 * Post Period, the Company announced an equity fundraising (the "Placing") for
gross proceeds of approximately £7.4 million (approximately $10 million) at a
price of £0.80 per share. The Placing is being conducted by way of an
accelerated bookbuild process managed by OAK Securities (a trading name of
Merlin Partners LLP) as exclusive bookrunner and is expected to be completed
on February 27, 2026.

Thomas Abraham-James, President & CEO of Pulsar, commented: "During the
Period and Post Period, Pulsar advanced its appraisal drilling program at the
Topaz Project, completing additional wells and further delineating the scale
and continuity of the helium-bearing reservoir. The data gathered from
drilling, pressure and gas analysis continues to strengthen our understanding
of the system and supports the next phase of resource evaluation and
development planning.

"In February, we announced a £7.4 million (approximately $10 million) capital
raise, which is expected to close on February 27, 2026, completion of which
significantly strengthens the Company's balance sheet and provides the
financial flexibility to advance Topaz and progress our broader portfolio."

On behalf of 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 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 (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 (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, the Falcon project in Michigan
(both in the 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, expected closing of the
Placing, statements relating to bringing the Topaz project to production, 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;
the potential for future wells; completion of acquisition of Quantum and
issuance of the fifth tranche of the relating shares. 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 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
(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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