Pulsar Helium Closes Major Minnesota Land Position to the West of Topaz Project

Rhea-AI Summary

Pulsar Helium (OTCQB: PSRHF) announced it closed the first two consideration tranches under its agreement to acquire Quantum Hydrogen, issuing 292,560 shares on December 18, 2025 after TSXV final acceptance.

The two monthly tranches satisfied US$80,000 each at VWAPs of C$0.7797 and C$0.7543. An amendment on December 11 added a VWAP minimum price of C$0.05. Remaining consideration tranches total US$640,000. Issued shares carry a four-month-and-one-day hold period.

Positive

• Issued 292,560 shares to satisfy first two US$80,000 tranches
• Received TSXV final acceptance for the issued Consideration Shares
• Agreement amended to add a C$0.05 VWAP floor

Negative

• Remaining US$640,000 consideration will create future share issuance
• Consideration Shares subject to a 4-month-and-1-day hold period

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.

Unless otherwise defined herein, capitalized terms used in this announcement have the same meanings given to them in the Company's announcement dated November 4, 2025.

CASCAIS, Portugal, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a primary helium exploration and development company, provides an update following its announcement on November 4, 2025, announcing the execution of a definitive agreement (the “Agreement”) with Oscillate PLC (“Oscillate”), to acquire up to 100% of Oscillate’s wholly owned subsidiary, Quantum Hydrogen Inc. in an all-share transaction (the “Transaction”).

On December 11, 2025, the Company executed a letter to amend the Agreement relating to the definition of “VWAP” to include the addition of “a minimum price of CAD$0.05” per the TSX Venture Exchange (“TSXV”) policies.

On December 18, 2025, the Company issued a total of 292,560 shares (the “Consideration Shares”) to Oscillate satisfying the first and second monthly tranches of US$80,000 each, at a VWAP of C$0.7797 for tranche one and C$0.7543 for tranche two, pursuant to the terms of the Agreement, having received final acceptance from the TSXV. The remaining tranches, totaling US$640,000, will be satisfied over the coming months.

The Consideration Shares issued in connection with the Transaction are subject to a four-month-and-one-day hold period from the date of issuance.

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 Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494

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.

FAQ

What did Pulsar Helium (PSRHF) issue on December 18, 2025?

Pulsar issued 292,560 shares to Oscillate to satisfy the first two US$80,000 consideration tranches.

How were the first two PSRHF tranches priced and when were they set?

Tranche one VWAP was C$0.7797 and tranche two VWAP was C$0.7543, per the agreement terms.

What remaining consideration does Pulsar Helium (PSRHF) owe under the acquisition?

The company has remaining tranches totaling US$640,000 to be satisfied in coming months.

Does Pulsar Helium (PSRHF) have regulatory approval for the issued shares?

Yes; the Consideration Shares were issued following final acceptance by the TSXV.

Are the Consideration Shares issued by PSRHF restricted from trading?

Yes; the issued shares are subject to a four-month-and-one-day hold period from issuance.

What change was made to the VWAP definition for the PSRHF transaction?

An amendment added a minimum VWAP price of C$0.05 to comply with TSXV policies.