Pulsar Helium closes $6.43-million offering

Mr. Thomas Abraham-James reports PULSAR HELIUM ANNOUNCES RESULT OF FUNDRAISE Further to Pulsar Helium Inc.'s announcement on Aug. 20, 2025, of the offering, conducted in the United Kingdom by way of an accelerated book build, the company has raised gross proceeds of 3,444,100 pounds sterling (approximately $6,438,745), through the issue of 14,974,338 new common shares at the issue price of 23 pence (approximately 43 cents) per common share. The company has also received subscriptions in Canada for an additional 1.2 million new common shares at the issue price, for additional gross proceeds of $516,000. Accordingly, pursuant to the offering and subscription, the company has raised aggregate gross proceeds of 3,720,100 pounds sterling (approximately $6,954,727). The company has completed its fundraising efforts pursuant to the offering and will no longer be accepting subscriptions. 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 company offered the common shares for sale pursuant to the LIFE (listed issuer financing exemption); as such, the common shares to be issued to subscribers will not be subject to resale restrictions in accordance with Canadian securities laws. The offering and subscription remains subject to the satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, which is expected to occur on or about Aug. 29, 2025. OAK Securities (a trading name of Merlin Partners LLP) acted as the company's exclusive bookrunner and placement agent in connection with the offering to United Kingdom residents. Admission to Alternative Investment Market and total voting rights Application has been made to the London Stock Exchange PLC for the admission to trading on AIM of the 16,174,338 new common shares, which is expected to occur and dealings commence at 8 a.m. on or around Aug. 29, 2025. The new common shares, when issued and fully paid, will rank pari passu in all respects with the existing common shares. On admission, the total number of common shares in issue will be 150,267,309 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the company's issued share capital pursuant to the company's articles. Use of proceeds Net proceeds received pursuant to the offering will be used to advance Pulsar's flagship Topaz helium project in Minnesota, United States, and for general working capital purposes. Specifically, the company intends to sign a new contract for drilling of 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. Further information Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions (NI 45-106), the 16,174,338 new common shares issuable under the offering and the subscription were placed to purchasers resident in the U.K. and all of the provinces of Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A.2 of NI 45-106. As such, the securities to be issued to subscribers will not be subject to resale restrictions in accordance with applicable Canadian securities laws. About Pulsar Helium Inc. Pulsar Helium is a publicly traded company quoted on the AIM 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, U.S., 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.