Pulsar Helium Stock Price, News & Analysis

Pulsar Helium (OTCQB:PSRHF) has announced a private placement financing through an accelerated bookbuild offering to raise between GBP 3-5 million (approximately CAD$5.61-9.35 million). The company will issue between 13,043,478 and 21,739,130 common shares at GBP 0.23 per share.

The proceeds will fund the advancement of Pulsar's flagship Topaz helium project in Minnesota, including the drilling of up to 10 new appraisal wells to define the helium-bearing reservoir. The company also plans to conduct a preliminary economic assessment and resource update within the next 12 months. University Bancorp Inc, a 5% shareholder and principal lender, intends to participate to maintain its equity position.

The offering is expected to close around August 29, 2025, subject to regulatory approvals. OAK Securities will act as exclusive bookrunner and placement agent for UK residents.

Pulsar Helium (OTCQB: PSRHF) has announced exceptional flow test results from its Jetstream #1 appraisal well at the Topaz helium project in Minnesota. The well achieved a peak natural flow rate of ~501 thousand cubic feet per day (Mcf/d) at ~30 psi wellhead pressure, more than tripling the ~150 Mcf/d recorded in 2024.

Key highlights include dry gas flow with no formation water and previous helium concentrations ranging from 8.7% to 14.5%. The well demonstrated stable flows of 150-300 Mcf/d for 12-18 hours on smaller choke sizes, with excellent reservoir recharge capacity. The company is now proceeding with compression-assisted flow testing, which previously achieved ~821 Mcf/d in February 2024.

Pulsar Helium (OTCQB:PSRHF) has received a non-binding expression of interest from University Bank for US$12.5 million in project financing to construct a helium processing plant at its Topaz project in Minnesota. The proposed financing would carry a 12% annual interest rate with interest-only payments for the first 24 months, followed by a 5-year amortization period.

Additionally, University Bank has extended the maturity date of Pulsar's existing US$4 million credit facility from March 2026 to November 2026, with a 0.75% extension fee on the current drawn amount of US$2.5 million. The financing is subject to several conditions, including confirmation of sufficient helium reserves, required permits, working capital availability, and board approval.

Pulsar Helium Inc. (OTCQB:PSRHF) has appointed Yellow Jersey PR Limited as its investor and public relations consultant. The London-based firm will provide comprehensive communications services for a monthly fee of £3,500 over a twelve-month period starting August 12, 2025.

The agreement includes a fixed five-month initial term, followed by a period requiring two months' notice for termination. Yellow Jersey's services will encompass investment community communications, media relations, regulatory announcements management, social media handling, and facilitating meetings with key stakeholders.

Pulsar Helium (OTCQB: PSRHF) has engaged global energy consultancy Sproule-ERCE to conduct a Pre-Feasibility Study (PFS) at its Tunu helium-geothermal project in East Greenland. The study will evaluate both helium extraction and geothermal opportunities, following the discovery of subsurface anomalies through advanced geophysical data interpretation and a passive seismic survey.

The PFS will be led by Sproule-ERCE's internationally recognized geothermal team, which has supported over 200 MWth of geothermal heat capacity and completed over 40 geothermal feasibility studies globally. The study is scheduled for completion by August 2025, aiming to provide a technical and economic foundation for future project development decisions.

Pulsar Helium Inc. (PSRHF) has announced its well testing program for the Jetstream #1 and #2 wells at the Topaz Project in Minnesota, scheduled to run from mid-July to early-August 2025. The program consists of two phases: a well clean-up operation using truck-mounted coil tubing to remove drill fines, followed by pressure and flow testing operations. The clean-up will utilize water, nitrogen, and NSF 60 compliant additives. The company is fully funded for this work program, which aims to provide insights into the project's production potential. The testing follows encouraging pressure readings from Q1 drilling, with results to be released to the market as they become available and are verified.

Pulsar Helium Inc. (PSRHF) reported its financial results for the six months ended March 31, 2025. The company's primary focus is the Topaz Project in Minnesota, comprising 5,979 gross acres of helium-focused development. Key operational highlights include:

The company completed two significant drilling operations: Jetstream #1 reaching 5,100 feet depth and Jetstream #2 reaching 5,638 feet, with the latter showing helium levels up to 3.5%. Well-head pressure tests were encouraging, reaching 122 PSIG at Jetstream #1 and 151 PSIG at Jetstream #2.

Financial results showed a net loss of $7.1 million, including administration costs of $2.0 million and exploration expenditures of $5.8 million. The company secured a $4 million project financing facility from University Bancorp, of which $2 million has been drawn. Cash position stood at $1.66 million as of March 31, 2025.

Pulsar Helium Inc. (PSRHF) held its Annual General and Special Meeting on May 2, 2025, where shareholders approved several key resolutions. The board size was fixed at six directors, with all nominated directors being re-elected with strong approval rates ranging from 83.04% to 99.95%. Davidson & Company LLP was reappointed as auditor with 99.90% approval. The company's Stock Option Plan renewal received 93.47% support, and article alterations for disclosure notice requirements were approved with 99.28% votes in favor.

Additionally, the company announced the appointment of Brad Cage as Vice President Engineering, effective May 2, 2025. Cage brings 25 years of oil and gas industry experience from companies including Marathon Oil, EOG Resources, and Devon Energy, with expertise in engineering, reservoir analysis, and operational design.

Pulsar Helium (PSRHF) has provided an update on well-testing activities at its Topaz helium project in Minnesota. The company reported encouraging well-head pressure readings of 122 PSIG at Jetstream #1 and 151 PSIG at Jetstream #2, with the latter exceeding Jetstream #1's February 2024 pressure of 145 PSIG that achieved a flow rate of 821,000 cubic feet per day.

During testing, drilling fines (rock dust) were discovered within fractures and coating the wellbore wall, partially restricting gas flow. The company has conducted preliminary clean-up operations on both wells, showing improved flow results and confirming the drilling fines can be removed. Further flow testing will resume after complete clean-up, expected in 6-10 weeks.