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Pulsar Helium, Inc. ( (TSE:PLSR) ) has provided an announcement.
Pulsar Helium Inc. announced its financial and operational results for the six months ending March 31, 2025, highlighting significant progress in its Topaz Project with successful drilling and flow testing of the Jetstream #1 and #2 appraisal wells. Despite a loss of $7.1 million during the period, the company achieved encouraging well-head pressures and improved flow results after addressing drilling fines. The company also secured additional funding, including a $4 million project finance facility, positioning it well for future helium production. Additionally, Pulsar engaged Oak Hill Financial Inc. for capital market advisory services, further strengthening its market positioning.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a helium project development company focused on the exploration and development of the Topaz Project in northern Minnesota, USA. The company holds leases over 5,979 gross acres, primarily targeting helium, which is not a by-product of hydrocarbon production, making it a more sustainable development project.
For an in-depth examination of PLSR stock, go to TipRanks’ Stock Analysis page.