Pulsar Announces Financial and Operating Results for the Nine Months Ended June 30, 2025
Pulsar Helium (OTCQB:PSRHF) has reported its financial and operating results for the nine months ended June 30, 2025. The company announced significant operational progress at its Jetstream wells, with Jetstream #1 achieving a remarkable natural flow rate of ~501 Mcf/d, more than triple the rates recorded in 2024.
The company reported a net loss of $8.5 million for the period, including exploration costs of $6.4 million. Pulsar secured financing through multiple channels, including a $4 million project financing facility from University Bancorp and completed a private placement raising £3.7 million in August 2025.
Notable developments include engaging Sproule-ERCE for a pre-feasibility study at the Tunu Project and executing a contract with Timberline Drilling to drill up to ten new wells starting September 2025. The company's cash position stood at $617,626 as of June 30, 2025.
Pulsar Helium (OTCQB:PSRHF) ha comunicato i risultati finanziari e operativi per i nove mesi chiusi il 30 giugno 2025. La società ha evidenziato notevoli progressi operativi sui pozzi Jetstream, con il Jetstream #1 che ha raggiunto un notevole flusso naturale di circa 501 Mcf/giorno, più che triplo rispetto ai valori del 2024.
Per il periodo è stato riportato un risultato netto negativo di 8,5 milioni di dollari, comprensivo di costi di esplorazione pari a 6,4 milioni di dollari. Pulsar ha ottenuto finanziamenti attraverso più canali, incluso un fondo di finanziamento di progetto da 4 milioni di dollari da University Bancorp e una collocazione privata che ha raccolto 3,7 milioni di sterline ad agosto 2025.
Tra gli sviluppi rilevanti si segnala l'incarico a Sproule-ERCE per uno studio di prefattibilità sul Progetto Tunu e un contratto con Timberline Drilling per la perforazione di fino a dieci nuovi pozzi a partire da settembre 2025. La posizione di cassa della società al 30 giugno 2025 era di 617.626 dollari.
Pulsar Helium (OTCQB:PSRHF) ha informado sus resultados financieros y operativos correspondientes a los nueve meses finalizados el 30 de junio de 2025. La compañía anunció un progreso operativo significativo en los pozos Jetstream, con Jetstream #1 alcanzando un notable caudal natural de aproximadamente 501 Mcf/d, más de tres veces las tasas registradas en 2024.
La empresa reportó una pérdida neta de 8,5 millones de dólares en el periodo, que incluye costos de exploración por 6,4 millones. Pulsar aseguró financiación por varios medios, incluyendo una línea de financiamiento de proyecto de 4 millones de dólares de University Bancorp y completó una colocación privada que recaudó 3,7 millones de libras en agosto de 2025.
Entre los hitos destaca la contratación de Sproule-ERCE para un estudio de prefactibilidad en el Proyecto Tunu y la firma de un contrato con Timberline Drilling para perforar hasta diez nuevos pozos a partir de septiembre de 2025. La posición de efectivo de la compañía al 30 de junio de 2025 era de 617.626 dólares.
Pulsar Helium (OTCQB:PSRHF)는 2025년 6월 30일 종료된 9개월의 재무 및 운영 실적을 발표했습니다. 회사는 Jetstream 유정에서 중요한 운영 진전을 보고했으며, Jetstream #1은 약 501 Mcf/일의 자연 유량을 달성해 2024년 기록을 세 배 이상 상회했습니다.
해당 기간에 회사는 탐사비 640만 달러를 포함하여 순손실 850만 달러를 보고했습니다. Pulsar는 University Bancorp로부터의 400만 달러 프로젝트 자금를 포함한 다수의 채널을 통해 자금을 확보했으며, 2025년 8월에 370만 파운드를 조달하는 사모 발행을 완료했습니다.
주요 진행사항으로는 Tunu 프로젝트의 예비 타당성 조사를 위해 Sproule-ERCE를 참여시킨 것과 2025년 9월부터 착수해 최대 열 개의 신규 유정을 시추하는 계약을 Timberline Drilling과 체결한 점이 있습니다. 회사의 현금 잔액은 2025년 6월 30일 기준 617,626달러였습니다.
Pulsar Helium (OTCQB:PSRHF) a publié ses résultats financiers et opérationnels pour les neuf mois clos le 30 juin 2025. La société a annoncé des progrès opérationnels significatifs sur les puits Jetstream, Jetstream #1 atteignant un remarquable débit naturel d’environ 501 Mcf/j, soit plus du triple des débits enregistrés en 2024.
La société a enregistré une perte nette de 8,5 millions de dollars pour la période, incluant des coûts d’exploration de 6,4 millions. Pulsar a obtenu des financements via plusieurs canaux, notamment une facilité de financement de projet de 4 millions de dollars accordée par University Bancorp et une augmentation de capital privée ayant levé 3,7 millions de livres en août 2025.
Parmi les développements notables figurent la mission confiée à Sproule-ERCE pour une étude de préfaisabilité sur le projet Tunu et la signature d’un contrat avec Timberline Drilling pour forer jusqu’à dix nouveaux puits à partir de septembre 2025. La trésorerie de la société s’élevait à 617 626 dollars au 30 juin 2025.
Pulsar Helium (OTCQB:PSRHF) hat seine finanziellen und operativen Ergebnisse für die neun Monate zum 30. Juni 2025 veröffentlicht. Das Unternehmen meldete erhebliche operative Fortschritte bei den Jetstream-Bohrungen, wobei Jetstream #1 eine bemerkenswerte natürliche Förderrate von etwa 501 Mcf/Tag erreichte – mehr als das Dreifache der Werte von 2024.
Für den Zeitraum wurde ein Nettoverlust von 8,5 Mio. USD ausgewiesen, einschließlich Explorationskosten in Höhe von 6,4 Mio. USD. Pulsar sicherte Finanzierungen über mehrere Kanäle, darunter eine 4-Millionen-USD-Projektfinanzierung von University Bancorp und schloss im August 2025 eine Privatplatzierung zur Beschaffung von 3,7 Mio. Pfund ab.
Zu den bemerkenswerten Entwicklungen zählen die Beauftragung von Sproule-ERCE für eine Vorstudie zum Tunu-Projekt sowie ein Vertrag mit Timberline Drilling zur Bohrung von bis zu zehn neuen Bohrungen ab September 2025. Der Kassenbestand des Unternehmens belief sich zum 30. Juni 2025 auf 617.626 USD.
- Jetstream #1 well achieved exceptional performance with natural flow rates increasing more than threefold to 501 Mcf/d
- Secured $4 million project financing facility from University Bancorp
- Successfully raised £3.7 million through private placement in August 2025
- Contracted Timberline Drilling for up to 10 new wells, expanding operational capacity
- Demonstrated stable long-duration flows with excellent reservoir recharge capacity
- Significant net loss of $8.5 million for the nine-month period
- High exploration and evaluation expenditures of $6.4 million
- Limited cash position of $617,626 as of June 30, 2025
- Total liabilities of $5.6 million against total assets of $1.8 million
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
CASCAIS, PORTUGAL / ACCESS Newswire / September 1, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce its unaudited financial and operating results for the nine months ended June 30, 2025 (the "Period").
Selected financial and operational information is outlined below and should be read in conjunction with the Company's unaudited consolidated financial statements and related management's discussion and analysis (the "MD&A") for the Period, which are available on the Company's website at www.pulsarhelium.com and the Company's SEDAR+ profile at www.sedarplus.ca.
All figures are in US dollars ("US$") unless otherwise stated.
Operational Highlights for the three months ended June 30, 2025 and up to the date of this news release
On June 24, 2025, the Company announced its engagement of Sproule-ERCE to conduct a pre-feasibility study ("PFS") at the Tunu helium-geothermal project (the "Tunu Project"). On completion, the PFS will provide the Company with a robust technical and economic foundation for future project decisions.
On August 18, 2025, the Company announced major natural flow test results at the Jetstream #1 appraisal well marking a major leap in well performance, with natural flow rates more than tripling those recorded in 2024. The Jetstream #1 well delivered a maximum natural flow rate of ~501 thousand cubic feet per day (Mcf/d) during open-flow testing on August 15, 2025. This was observed on a 38/64-inch choke at approximately 30 psi WHP, without compression assistance. By comparison, during initial appraisal in April 2024, Jetstream #1 reached a peak natural flow of ~150 Mcf/d at 34 psi. The improvement of more than threefold under near-identical pressure conditions highlights the effectiveness of recent wellbore clean-up and deepening and underscores the formation's strong productivity. Importantly, no formation water has been encountered, the gas has flowed as dry gas. In addition to the peak result, Jetstream #1 demonstrated stable long-duration flows, producing 150-300 Mcf/d for periods of 12-18 hours on smaller choke sizes. These sustained flows showed no significant decline and were followed by rapid pressure recovery, indicating excellent reservoir recharge capacity.
On August 26, 2025, the Company announced that it had executed a drilling contract and Master Services Agreement with Timberline Drilling Inc. to drill up to ten wells, with drilling expected to commence in late September 2025. Pulsar also reported results from recent flow testing of its Jetstream #1 and Jetstream #2 appraisal wells, that includes Jetstream #1 flowing over 1.3 million cubic feet per day under well-head compression.
Financial Summary for the Period
Loss for the Period was
$8,515,252 and comprised:Administration costs of
$2,699,831 (which includes non-cash share-based compensation of$382,512 and non-cash depreciation of$40,016) .Exploration and evaluation expenditures of
$6,461,866 relate to the deepening of Jetstream #1 and drilling of Jetstream #2 at the Topaz project.Listing fees of
$355,003 related to Admission.A non-cash gain on revaluation of warrant liability of
$1,103,615.
Cash Position:
$617,626 at June 30, 2025.On October 18, 2024, the Company's common shares commenced trading (the "Admission") on the AIM market of the London Stock Exchange plc ("AIM") under the symbol PLSR. Concurrent with Admission, the Company completed of a total gross funding of
£5 million which included the£1.12 5 million cornerstone investment completed in August 2024.On January 9 and March 21, 2025, the Company completed a brokered private placement, in two tranches, for gross proceeds of
$2,427,498 which included participation from high net worth and institutional investors from the USA, including University Bancorp, Inc. ("University Bancorp") that on closing of the private placement held4.93% of the issued and outstanding common shares of the Company.In April 2025, the Company entered into a project financing facility line of credit note with University Bancorp, pursuant to which University Bancorp has extended the Company a
$4,000,000 project finance facility (the "Facility"). During the Period, the Company drew$2,500,000 of the Facility.On August 29, 2025, the Company completed a private placement through the issuance of 16,174,338 common shares at a price of
£0.23 per share for total gross proceeds of£3,720,100. University Bancorp participated in the private placement and now holds4.99% of the issued and outstanding common shares of the Company.
Selected Financial Results | ||||||||
Nine months ended June 30, 2025 | Nine months ended June 30, 2024 | |||||||
Statement of Loss: | ||||||||
Revenue | $Nil | $Nil | ||||||
Net loss | $ | 8,515,252 | $ | 21,444,007 | ||||
Basic and diluted loss per common share | $ | 0.07 | $ | 0.24 | ||||
Financial Position: | ||||||||
Total assets | $ | 1,878,670 | $ | 2,303,843 | ||||
Total liabilities | $ | 5,601,399 | $ | 8,188,020 | ||||
* During the Period, the Company recorded a non-cash gain on revaluation of warrant liability of
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
OAK Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)
info@OAK-securities.com
+44 203 973 3678
*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
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.
Qualified Person Signoff
In accordance with the AIM Note for Mining and Oil and Gas Companies, the Company discloses that Thomas Abraham-James, President, CEO and Director of the Company has reviewed the technical information contained herein. Mr. Abraham-James has approximately 20 years in the mineral exploration industry, is a Chartered Professional Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM CP (Geo)), a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London.
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 potential impact of the drill results, flow testing and pressure testing on the next iteration of the resource estimate; the potential of CO2 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. No un-risked Contingent and Prospective Helium Volumes have been defined at the Tunu 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.
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.
SOURCE: Pulsar Helium Inc.
View the original press release on ACCESS Newswire
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