Pulsar Helium Announces Acquisition of Michigan Helium Exploration Assets-Focused Gas Exploration Company

Executive Summary

• Pulsar Helium Inc. completed the acquisition of 100% of Hybrid Hydrogen Inc. for a cash consideration of US $80,000.
• The deal provides Pulsar with an exclusive mineral‑rights option covering ~5,742 gross acres in Michigan’s Upper Peninsula, expanding its helium exploration footprint into a geologically analogous region to its flagship Topaz project.
• The acquisition is low‑cost and does not materially impact Pulsar’s treasury, allowing continued focus on the Topaz project while diversifying its asset base.

Key Details

• Transaction Structure: 100% share purchase of Hybrid Hydrogen Inc.; cash consideration of US $80,000; arm’s‑length transaction with no related parties.
• Asset Acquired: Exclusive option to lease mineral rights for non‑hydrocarbon gases (primarily helium) over ~5,742 gross acres in Michigan’s Upper Peninsula.
• Strategic Rationale:
• Provides entry into a jurisdiction with an established gas regulatory framework now applied to helium.
• Geologic setting mirrors the Topaz project (ancient sedimentary basin underlain by crystalline basement rocks), reducing exploration risk.
• Enables leveraging of Pulsar’s existing expertise in helium migration pathways, subsurface mapping, and trap identification.
• Financial Impact: Minimal cash outlay preserves treasury for ongoing development of the Topaz project; no dilution or debt incurred.
• Management Comment: Thomas Abraham‑James (President & CEO) highlighted the “remarkably low‑cost entry” and alignment with Pulsar’s disciplined helium‑focused growth strategy.
• Future Plans: Integration of Michigan acreage into Pulsar’s exploration program; continued appraisal of Topaz project with ongoing multi‑well drilling to define reservoir extent, pressure regime, and gas composition.

Notable Quotes

“This is a remarkably low-cost entry into Michigan that strengthens our helium exploration portfolio… For a modest price, we are expanding into an area where we can leverage our team’s existing expertise, all while staying true to our disciplined, helium‑focused expansion strategy.” – Thomas Abraham‑James, President & CEO

Materiality Assessment: Material – Positive (the acquisition materially expands the company’s asset base and strategic positioning in a new jurisdiction with negligible cash impact.)