Welcome to our dedicated page for Pulsar Helium news (Ticker: PSRHF), a resource for investors and traders seeking the latest updates and insights on Pulsar Helium stock.
Pulsar Helium Inc. (PSRHF) drives innovation in primary helium exploration, developing high-grade resources for critical technology sectors. This page aggregates official announcements and verified updates about the company's North American and Greenland operations.
Investors and industry observers will find detailed reporting on drilling results, seismic survey analyses, and project development milestones. Key updates include resource evaluations from the Topaz (Minnesota) and Tunu (Greenland) projects, strategic partnerships, and operational advancements in sustainable helium extraction.
Our curated news collection enables efficient tracking of technical developments, regulatory progress, and market positioning. Regular updates provide insights into exploration techniques like optical televiewer imaging and gas chromatography that validate Pulsar's resource estimates.
Bookmark this page for structured access to PSRHF's evolving story in the helium sector, including land acquisition updates, drilling contract details, and strategic initiatives shaping non-hydrocarbon helium production.
Pulsar Helium (PSRHF) has provided an update on well-testing activities at its Topaz helium project in Minnesota. The company reported encouraging well-head pressure readings of 122 PSIG at Jetstream #1 and 151 PSIG at Jetstream #2, with the latter exceeding Jetstream #1's February 2024 pressure of 145 PSIG that achieved a flow rate of 821,000 cubic feet per day.
During testing, drilling fines (rock dust) were discovered within fractures and coating the wellbore wall, partially restricting gas flow. The company has conducted preliminary clean-up operations on both wells, showing improved flow results and confirming the drilling fines can be removed. Further flow testing will resume after complete clean-up, expected in 6-10 weeks.
Pulsar Helium Inc. (OTCQB:PSRHF) has announced that its Minnesota subsidiary, Keewaydin Resources, has secured a US$4 million project finance facility from University Bancorp to fund operational activities at the Topaz Helium project.
The facility, guaranteed by Pulsar and secured by Keewaydin's shares and assets, will mature on March 31, 2026, with a 12% annual interest rate on drawn amounts. A 2% utilization fee will be charged on draws but is reimbursable at maturity. The facility remains subject to TSX Venture Exchange approval.
Pulsar Helium Inc. (AIM:PLSR, TSXV:PLSR, OTCQB:PSRHF) has announced its Annual General and Special Meeting of Shareholders (AGSM) scheduled for May 2, 2025 at 11:00 a.m. (Pacific) at their White Rock, British Columbia office.
The company has also announced two marketing engagements: VSA Capital and focusIR. VSA Capital, a London-based investment banking firm, will provide video interviews and podcasts for an annual fee of £5,000, starting April 1, 2025, with a 12-month renewable term. focusIR, a Digital Investor Relations firm, will provide investor education and engagement services for an initial 4-month term at £4,000, followed by a renewable 12-month term at £12,000 per annum. Both engagements are pending TSX Venture Exchange approval.
Pulsar Helium (PSRHF) has initiated well-testing activities at its Topaz helium project in Lake County, Minnesota. The testing program consists of two phases: an initial four-week flow testing phase at Jetstream #1 and Jetstream #2 appraisal wells, which began on April 1, 2025, followed by extended pressure build-up monitoring through June 2025.
The collected flow, pressure, and gas sample data will contribute to preparing a resource update. CEO Thomas Abraham-James highlighted this development as a significant milestone that builds upon the project's previous drilling success.
Pulsar Helium Inc. (PSRHF) has secured a US$4 million Project Finance facility from University Bancorp for its Topaz helium project in Minnesota. The facility, extended to subsidiary Keewaydin Resources, will mature on March 31, 2026, with a 12% annual interest rate and 2% utilization fee on drawn amounts.
The company has also completed the final tranche of its previously announced private placement, raising US$427,498 through the issuance of 1,124,994 new common shares at US$0.38 per share. Combined with the first tranche, total gross proceeds reached US$2,427,498 with 6,388,154 new shares issued.
Contractors are scheduled to begin flow testing of the Jetstream #1 and #2 wells around March 29, 2025, with each well to be tested for approximately two weeks. The company's total issued common shares will increase to 133,692,971 following the admission of new shares to trading on AIM.
Pulsar Helium (PSRHF) has announced its financial and operating results for Q1 ended December 31, 2024. The company completed significant operational milestones at its Topaz project, including the deepening of Jetstream #1 well to 5,100 feet, encountering mud log gas levels with up to 7.24% helium. The Jetstream #2 appraisal well reached 5,638 feet, showing helium levels up to 3.5%.
Financial highlights include the company's listing on AIM in October 2024, raising £5 million concurrent with admission. A private placement of up to $7.5 million was arranged, with the first tranche of $2 million closed in January 2025. The company reported a Q1 loss of $3,748,175, compared to $1,165,924 in the same period last year.
Down-hole testing equipment is scheduled for deployment at both wells in February 2025, with flow testing and pressure build-up monitoring planned for March 2025.
Pulsar Helium Inc (TSXV: PLSR) (OTCQB: PSRHF) has announced its participation in Red Cloud's 13th Annual Pre-PDAC Mining Showcase, scheduled for February 27 & 28, 2025, at The Omni King Edward Hotel in Toronto.
The company's CEO, President & Co-Founder, Thomas Abraham-James, will deliver a presentation on February 28th at 3:20 PM EST. The conference will feature over 80 company presentations and facilitate more than 600 one-on-one meetings, along with keynote speeches from leading figures in mining and finance.
Pulsar Helium Inc. (AIM:PLSR, TSXV:PLSR, OTCQB:PSRHF) announced its CEO Thomas Abraham-James will present at the Investor Meet Company Spotlight Event on February 26, 2025, at 5:00pm GMT. The presentation will focus on updates regarding the Topaz Project in Minnesota, following recent developments including the deepening of Jetstream #1, drilling of Jetstream #2, and arrival of down-hole testing equipment.
The company highlighted its key advantages: world-class helium concentrations up to 14.5% at Topaz, a production agreement with Chart Industries, ongoing 2025 development activities including seismic acquisition and well testing, management ownership of 37% (locked until Q1 2027), primary helium production not associated with hydrocarbons, strategic presence in the USA and Europe (Tunu project), and favorable legislation in Minnesota and Greenland.
Pulsar Helium Inc. (PSRHF) has been ranked #20 on the 2025 TSX Venture 50 list, highlighting its achievements in its first full year on the TSX Venture Exchange. The ranking is based on share price appreciation, market capitalization increase, and Canadian trading value.
Key 2024 achievements include: closing a $4.3M private placement in January; drilling Jetstream #1 at Topaz with up to 14.5% helium concentrations; OTCQB listing in March; raising $5.0M from IPO warrants in May; receiving a CPR from Sproule with 65% commercialization chance; completing a 20.4 km seismic survey and doubling land position to 4,181 acres; dual-listing on AIM raising £5.0M; and signing an agreement with Chart Industries for helium/CO2 production.
The company also announced an extension for closing the second tranche of its private placement to March 21, 2025, with proceeds aimed at accelerating the Topaz project development.
Pulsar Helium Inc. (AIM:PLSR, TSXV:PLSR, OTCQB:PSRHF) has appointed Hovde Group, as a co-placement agent alongside University Bank for the second tranche of its private placement, aiming to raise up to US$5.5 million.
The net proceeds will be used to increase working capital, accelerate the strategic plan for exploration and development at the Topaz project in Minnesota, and reach a final investment decision (FID) for constructing a combined helium and CO2 production facility.
The private placement requires regulatory approvals, including TSX Venture Exchange approval. Securities issued will have a four-month hold period under Canadian securities law.
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