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Pulsar Helium, Inc. ( (TSE:PLSR) ) has issued an announcement.
Pulsar Helium Inc. has announced a non-binding agreement to acquire up to 100% of Quantum Hydrogen Inc., significantly expanding its helium exploration footprint in Minnesota by approximately 1,000%. This strategic acquisition aligns with Pulsar’s goal to become a major helium producer, leveraging its expertise in helium exploration to explore new acreage with similar geological traits to its Topaz project. The transaction is structured as an all-share deal, allowing Pulsar to preserve cash for advancing its existing projects while exploring additional helium opportunities. The acquisition is expected to enhance Pulsar’s industry positioning by expanding its exploration portfolio in a low-risk manner, although it is not anticipated to have a material impact on the company’s financial results in the near term.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded company focused on helium project development, with its flagship Topaz helium project located in Minnesota, USA, and the Tunu helium project in Greenland. The company is a first mover in both locations, identifying primary helium occurrences not associated with hydrocarbon production.
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