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Financings

Pulsar Helium closes $6.43-million offering

By The Northwire Desk — AI Analysis Aug 21, 2025 · 12:44 PLSR · 0.47 Pulsar Helium Inc
PLSR · Price

Executive Summary

  • Pulsar Helium Inc. has closed a fundraising effort raising aggregate gross proceeds of approximately $6.95 million (3,720,100 GBP) through the issuance of new common shares.
  • The offering was conducted via an accelerated book build in the UK and subscriptions in Canada, with shares admitted to trading on the London Stock Exchange's Alternative Investment Market (AIM).
  • Net proceeds will be used to advance the Topaz helium project in Minnesota, specifically for drilling up to 10 new appraisal wells, a preliminary economic assessment, and resource updates.

Key Details

  • Aggregate Gross Proceeds: 3,720,100 pounds sterling (approximately $6,954,727).
  • UK Offering:
    • Raised 3,444,100 GBP (approx. $6,438,745).
    • Issued 14,974,338 new common shares.
    • Issue price: 23 pence (approx. 43 cents) per share.
    • Conducted via accelerated book build.
  • Canadian Subscription:
    • Raised an additional $516,000.
    • Issued 1,200,000 new common shares at the same issue price.
  • Total Shares Issued: 16,174,338 new common shares.
  • Post-Issuance Share Count: Total common shares in issue will be 150,267,309 with voting rights.
  • Shareholder Participation: University Bancorp Inc. (shareholder and principal lender) participated to increase its interest to 4.99% of the enlarged share capital.
  • Regulatory Status:
    • Offered under the Listed Issuer Financing Exemption (LIFE) under National Instrument 45-106.
    • Shares are not subject to resale restrictions under Canadian securities laws.
    • Admission to AIM expected on or around August 29, 2025, with dealings commencing at 8 a.m.
  • Use of Proceeds:
    • Advance the Topaz helium project in Minnesota, USA.
    • Sign a new contract for drilling of up to 10 new appraisal wells to define the helium-bearing reservoir.
    • Fund a preliminary economic assessment and resource update.
    • General working capital purposes.
  • Agents: Oak Securities (Merlin Partners LLP) acted as exclusive bookrunner and placement agent for UK residents.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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Jun 30, 2026 · 10:54

Pulsar Secures Helium Liquefaction Plant Slot, De‑Risking Topaz Path to Commercial Production but Financing Gap Looms

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M&A / Property May 28, 2026 · 02:00

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Production / Operations