Pulsar Helium Provides Update on Transaction with Oscillate PLC

Rhea-AI Summary

Pulsar Helium (OTCQB: PSRHF) updates a staged all‑share acquisition of Quantum Hydrogen, a subsidiary of Oscillate PLC. Pulsar has issued four monthly Consideration Shares totaling 519,341 shares for four US$80,000 tranches; a fifth monthly tranche will deliver an 80% acquisition. Pulsar may acquire the remaining 20% for US$400,000 in five US$80,000 instalments before May 3, 2027. Consideration Shares carry a four‑month‑and‑one‑day hold period from issuance. Recent tranche VWAPs ranged from C$0.7543 to C$1.3508, with the February 9, 2026 tranche at C$1.3508.

Positive

• Acquisition structure secures 80% ownership upon one more tranche
• Option to acquire remaining 20% through defined US$400,000 instalments
• Consideration Shares issued using VWAP, aligning issuance to market pricing

Negative

• Issued 519,341 Consideration Shares to Oscillate to date, diluting shareholders
• Further dilution possible from one immediate tranche and up to US$400,000 in shares
• Consideration Shares subject to a 4‑month‑and‑1‑day hold period limiting liquidity

News Market Reaction

+4.72%

1 alert

+4.72% News Effect

On the day this news was published, PSRHF gained 4.72%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a primary helium company, provides an update following its announcements on November 4, 2025, December 19, 2025, and January 21, 2026, regarding its option to acquire up to 100% of the shares of Quantum Hydrogen Inc. (“Quantum”), a 100% owned subsidiary of Oscillate PLC (“Oscillate”), in an all-share transaction (the “Transaction”).

On December 18, 2025, the Company issued a total of 292,560 common shares (the “Consideration Shares”) to Oscillate, satisfying the first and second monthly share option tranches valued at US$80,000 each, at a VWAP of C$0.7797 for tranche one and C$0.7543 for tranche two.

On January 20, 2026, the Company issued an additional 145,434 Consideration Shares to Oscillate, satisfying the third monthly share option tranche of US$80,000 at a VWAP of C$0.7556.

On February 9, 2026, the Company issued an additional 80,947 Consideration Shares to Oscillate, satisfying the fourth monthly share option tranche of US$80,000 at a VWAP of C$1.3508.

Under the terms of the agreement with Oscillate, the Company will acquire 80% of the shares of Quantum upon issuing to Oscillate one additional monthly tranche of Consideration Shares to be valued at US$80,000 over the coming month. The Company also has the option until May 3, 2027, to acquire the remaining 20% of the shares of Quantum from Oscillate in exchange for US$400,000 of Consideration Shares to be issued in 5 instalments of US$80,000 of Consideration Shares each after the Company has provided notice to Oscillate that it wishes to exercise such option.

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
+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 (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, 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

How many Consideration Shares has Pulsar Helium (PSRHF) issued to Oscillate as of February 9, 2026?

Pulsar has issued 519,341 Consideration Shares to Oscillate as of February 9, 2026. According to the company, those shares satisfied four monthly US$80,000 tranches with tranche VWAPs from C$0.7543 to C$1.3508.

What does the upcoming tranche mean for Pulsar Helium's ownership of Quantum Hydrogen (PSRHF)?

Issuing one additional monthly tranche will transfer 80% ownership of Quantum Hydrogen to Pulsar. According to the company, that fifth tranche (US$80,000 in shares) is the remaining condition to acquire 80%.

What are the terms and timeline to acquire the remaining 20% of Quantum by Pulsar Helium (PSRHF)?

Pulsar may buy the remaining 20% for US$400,000 in five US$80,000 instalments after giving notice, exercisable until May 3, 2027. According to the company, instalments are paid in Consideration Shares.

Are the Consideration Shares issued to Oscillate subject to any restrictions for PSRHF shareholders?

Yes. Consideration Shares are subject to a four‑month‑and‑one‑day hold period from issuance, limiting immediate transfer. According to the company, this hold period applies to shares issued in the Transaction.

How might the tranche VWAPs affect dilution from the PSRHF share issuances?

Tranche VWAPs set the share counts for US$80,000 payments, so higher VWAPs yield fewer shares and less dilution. According to the company, tranche VWAPs ranged from C$0.7543 to C$1.3508 across issued tranches.