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. (OTCQB: PSRHF) generates a steady flow of technical and corporate news centered on its role as a primary helium exploration and development company. Its announcements focus heavily on the flagship Topaz helium project in northern Minnesota, USA, where the company reports a primary helium discovery containing helium-4, helium-3 and CO2, and on additional helium-focused acreage in Greenland and Michigan’s Upper Peninsula.
Readers of the PSRHF news feed can expect detailed operational updates on Pulsar’s Jetstream appraisal well program at Topaz. The company regularly reports on new wells such as Jetstream #3, #4 and #5, including drilling progress, depths reached, pressurized gas encounters, calculated bottom-hole pressures and observations of gas influx during drilling. News items also describe the use of HQ core drilling, wireline logging, flow testing and pressure build-up analysis as Pulsar works to map the extent, pressure regime and gas composition of the helium-rich reservoir.
Beyond field operations, Pulsar’s news releases cover portfolio expansion and corporate activity. Examples include the acquisition of Hybrid Hydrogen Inc., whose main asset is an exclusive mineral rights option to lease thousands of acres in Michigan’s Upper Peninsula targeting non-hydrocarbon gases, primarily helium, and an agreement to acquire Quantum Hydrogen Inc. from Oscillate PLC. The company also issues updates on security-based compensation awards, senior appointments and investor outreach events such as virtual site visits and Q&A sessions.
By following Pulsar Helium news, investors and observers can track how the company’s multi-well appraisal campaign at Topaz is progressing, how helium-4 and helium-3 results are evolving across wells, and how management is expanding its helium-focused land position. The Stock Titan PSRHF news page aggregates these updates so users can review operational milestones, technical data points and corporate developments in one place.
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.
Pulsar Helium Inc. (PSRHF) announced its financial results for the year ended September 30, 2024. Key operational highlights include the successful drilling of Jetstream #1 well at the Topaz Project in Minnesota, which confirmed helium concentrations between 7.9% and 14.5%. A Competent Persons Report estimated significant helium resources, with P50 contingent resources of 5.9MMcf and P50 prospective resources of 40.3MMcf.
Post-period developments include the successful deepening of Jetstream #1 to 5,100 feet in January 2025, encountering multiple helium zones with up to 7.24% helium. The company commenced drilling Jetstream #2 on January 16, 2025. Financially, Pulsar completed several funding rounds, including a C$4.25M private placement in January 2024 and an AIM listing raising £5M in October 2024. The company reported a net loss of $20.3M for the period, including a non-cash revaluation loss of $8.8M.
Pulsar Helium Inc. (PSRHF) has announced a live Q&A session with CEO Thomas Abraham-James via Investor Meet Company on January 27, 2025. The session will discuss the ongoing drilling program at the Topaz Project in Minnesota and the recent agreement with Chart Industries for helium and CO₂ capture.
Key project updates include the Jetstream #1 appraisal well, deepened to 5,100 feet with helium concentrations up to 7.24%, and Jetstream #2 drilling which began January 16, 2025, targeting ~5,000 feet. The company emphasizes its focus on sustainable 'green helium' extraction without hydrocarbons or water association.
The Topaz project has demonstrated top-tier helium concentrations above economic viability thresholds, with additional value potential from CO₂ by-product. The company operates in the USA and Greenland, benefiting from supportive local legislation and a community-focused approach.
Pulsar Helium has closed the first tranche of its previously announced brokered private placement, raising US$2.0 million through the issuance of 5,263,160 common shares at US$0.38 per share. The placement included participation from US institutional investors, with University Bancorp acquiring a 4.99% stake.
The funds will support the drilling of Jetstream #2, a step-out well scheduled to commence after Jetstream #1's deepening is complete. The company will also expand passive seismic testing within the Topaz project area. Additionally, 747,434 warrants were exercised over the past two months, generating approximately C$270,000 in proceeds.
Following the admission of new shares to AIM trading, expected around January 15th, 2025, the total number of common shares will be 132,567,977. The company expects to update on the remaining private placement closure within two weeks.
Pulsar Helium Inc. (PSRHF) has announced a brokered private placement of up to 19,736,842 common shares at US$0.38 per share, aiming to raise up to US$7.5 million. University Bank will act as the exclusive placement agent, receiving a 6% fee on U.S. sales.
Additionally, University Bancorp will provide a US$4.0 million line of credit to major shareholder ABCrescent Coöperatief U.A. for potential warrant exercise. The proceeds will fund the Topaz project in Minnesota, including a step-out well drilling program.
The company also provided an operational update on the Jetstream #1 appraisal well deepening, set to commence around January 3, 2025. The previous drilling identified helium concentrations up to 14.5% and CO2 concentrations exceeding 70%.
Pulsar Helium Inc. (AIM:PLSR, TSXV:PLSR, OTCQB:PSRHF) has announced new investor awareness agreements with two UK-based platforms. The company has partnered with Ptolemy Capital (Crux Investor) for a one-time fee of USD$12,000, covering 4 interviews, 4 podcasts, and 4 articles over 12 months starting December 18th, 2024.
Additionally, Pulsar has engaged Vox Markets for an initial 3-month period at £1,000 monthly, with a minimum term of 12 months. The company also completed its engagement with Haywood Securities Inc., which will receive 282,335 compensation warrants at C$0.57 exercise price and a US$112,500 cash advisory fee for financial advisory services.
Pulsar Helium has begun field activities at its Topaz Project in Minnesota, with personnel and equipment arriving on-site since December 7th. The company plans to deepen the Jetstream #1 appraisal well by a minimum of 1,640 feet (500 metres) before the Christmas holiday.
The previous drilling in February 2024 reached 2,200 feet and identified helium concentrations up to 14.5%, significantly above the 0.3% economic threshold, along with CO2 concentrations exceeding 70%. The deepening operation will target the full height of the helium reservoir, supported by recent survey data and previous drilling results. A mass spectrometer will monitor gas composition during drilling, with wireline log acquisition scheduled upon completion.
Pulsar Helium (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has partnered with Send My Stuff To Space (SMSTS) to enhance its Pulsar Scholars initiative. The partnership will utilize Pulsar's quarterly US$2,500 bursary to fund STEM students' experiments using SMSTS's space balloons, which reach altitudes of approximately 130,000 feet. SMSTS is transitioning from hydrogen to helium-filled biodegradable latex balloons for suborbital flights, providing an environment similar to Mars's surface conditions. The program offers students discounted rates for testing cube satellites and other scientific experiments in extreme conditions.
Pulsar Helium has announced its participation in the Swiss Mining Institute Annual Conference on November 21, 2024. CEO Thomas Abraham-James will present the company's investment case, highlighting recent seismic data findings at their Topaz helium project in Minnesota.
The company plans to deepen the Jetstream #1 appraisal well by an additional 1,640 feet in Q4 2024, following the discovery of helium concentrations up to 14.5%. Independent evaluations estimate recoverable prospective resources of up to 2.8 Bcf of helium and 21.3 Bcf of CO2 (gross, P10), covering just 13% of the company's land position.
Pulsar Helium Inc. (AIM:PLSR, TSXV:PLSR, OTCQB:PSRHF) announces its participation in today's AJ Bell / Shares investor event webinar. The company's President & CEO Thomas Abraham-James will present at 18:00 GMT. The webinar offers investors an opportunity to hear directly from company directors about their investment propositions and ask questions through an online chat window. The event is free to attend and targets both existing and potential investors interested in various sectors.