Pulsar Helium to Raise US$10 Million to Advance Topaz and Falcon Projects

An update from Pulsar Helium, Inc. ( (TSE:PLSR) ) is now available.

Pulsar Helium Inc. has launched an equity placing to raise about US$10 million at £0.80 per share via an accelerated bookbuild managed by OAK Securities, with closing and AIM admission of the new shares targeted for around 27 February 2026, subject to regulatory approvals. The new shares will rank pari passu with existing stock, OAK will receive cash fees and broker warrants equal to 6% of the placing, and the offering is being made under a Canadian base shelf prospectus, with no resale restrictions in Canada.

Net proceeds are earmarked mainly for advancing the flagship Topaz helium project in Minnesota, including extended well testing, seismic work, land acquisition, resource updates, and a pre-feasibility study for integrated helium and CO₂ production, as well as deposits on long-lead processing equipment. Additional funds will support geophysical and geochemical surveys at the Falcon Project in Michigan and general working capital, with the program underpinned by a 100% success rate from six appraisal wells intersecting pressurised gas at Topaz and independently confirmed helium-3 occurrences, which bolster the project’s strategic and technological significance.

More about Pulsar Helium, Inc.

Pulsar Helium Inc. is a publicly traded primary helium exploration and development company listed on AIM in London, the TSX Venture Exchange in Canada under ticker PLSR, and on the OTCQB in the U.S. under PSRHF. Its portfolio is led by the Topaz helium project in Minnesota, with additional interests including the Falcon Project in Michigan’s Upper Peninsula, targeting strategic helium resources for industrial and high-tech applications.

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