Pulsar Announces Financial and Operating Results for the Nine Months Ended June 30, 2025

Executive Summary

• Pulsar Helium Inc. reported unaudited financial and operating results for the nine months ended June 30, 2025, posting a net loss of $8,515,252.
• The company announced significant operational progress at its Topaz project, specifically major natural flow test results at the Jetstream #1 appraisal well, with rates tripling previous records.
• The release details recent financing activities, including a private placement completed in August 2025 and the drawdown of a project finance facility with University Bancorp.

Key Details

• Financial Performance (Nine Months Ended June 30, 2025):
  • Net Loss: $8,515,252 (compared to $21,444,007 in the prior year period).
  • Basic and Diluted Loss Per Share: $0.07.
  • Total Assets: $1,878,670.
  • Total Liabilities: $5,601,399.
  • Cash Position: $617,626 at June 30, 2025.
  • Non-cash gain on revaluation of warrant liability: $1,103,615.
• Operational Highlights:
  • Tunu Project: Engagement of Sproule-ERCE to conduct a pre-feasibility study (PFS) announced June 24, 2025.
  • Jetstream #1 Well (Topaz Project):
    • Maximum natural flow rate of ~501 thousand cubic feet per day (Mcf/d) recorded on August 15, 2025, during open-flow testing.
    • Flow observed on a 38/64-inch choke at approximately 30 psi WHP without compression assistance.
    • This represents a more than threefold increase compared to the April 2024 peak of ~150 Mcf/d.
    • Gas flowed as dry gas with no formation water encountered.
    • Demonstrated stable long-duration flows of 150-300 Mcf/d for 12-18 hours on smaller choke sizes, indicating excellent reservoir recharge capacity.
  • Jetstream #2 Well: Drilling contract and Master Services Agreement executed with Timberline Drilling Inc. on August 26, 2025; drilling expected to commence in late September 2025.
  • Additional Flow Testing: Jetstream #1 flowed over 1.3 million cubic feet per day under well-head compression; results from Jetstream #2 also reported.
• Financing and Capital Activities:
  • August 29, 2025 Private Placement: Issuance of 16,174,338 common shares at £0.23 per share for total gross proceeds of £3,720,100. University Bancorp participated, holding 4.99% of issued shares post-closing.
  • Project Finance Facility: Entered into a facility with University Bancorp in April 2025 for $4,000,000; $2,500,000 drawn during the period.
  • Brokered Private Placements (Jan & Mar 2025): Completed in two tranches for gross proceeds of $2,427,498.
  • AIM Admission: Common shares commenced trading on the London Stock Exchange AIM on October 18, 2024, with concurrent gross funding of £5 million.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.