Pulsar Helium closes 3.72-million-pound offering

Mr. Thomas Abraham-James reports PULSAR HELIUM ANNOUNCES CLOSING OF FUNDRAISE Further to the announcements on Aug. 20, Aug. 21 and Aug. 28, 2025, Pulsar Helium Inc. has closed its offering through the issuance of 16,174,338 common shares of the company at a price of 0.23 pound sterling (43 cents) per common share for total gross proceeds of 3,720,100 pounds sterling (approximately $6,955,000). Closing of the offering remains subject to final approval of the TSX Venture Exchange. The company's shareholder and principal lender, University Bancorp Inc., participated in the offering to increase its interest to 4.99 per cent of Pulsar's enlarged share capital. The net proceeds of the offering will be used to advance Pulsar's flagship Topaz helium project in Minnesota, United States, and for general working capital purposes. Specifically, as announced Aug. 26, 2025, the company intends to drill up to 10 new appraisal wells to further define the size and shape of the helium-bearing reservoir. Other activities to be financed from the net proceeds of the offering within the coming 12 months include a preliminary economic assessment and resource update. In accordance with National Instrument 45-106 (Prospectus Exemptions), the common shares issued to subscribers are not subject to resale restrictions in accordance with applicable Canadian securities laws. In connection with the offering to United Kingdom residents pursuant to a placing agreement, Oak Securities (a trading name of Merlin Partners LLP) was paid an advisory fee of 20,000 pounds sterling (approximately $37,391) and a cash fee in an amount of 194,226 pounds sterling (approximately $363,115). The company also issued 844,460 common share purchase warrants to Oak Securities, with the broker warrants being exercisable for 12 months from the date of issue at a price of 0.23 pound sterling (approximately 43 cents). In addition, the company also paid cash fees of $30,960 and issued 72,000 broker warrants to other eligible finders. About Pulsar Helium Inc. Pulsar Helium is a publicly traded company quoted on the Alternative Investment Market of the London Stock Exchange and listed on the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, United States, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. We seek Safe Harbor.