Pulsar Helium to begin drilling Jetstream No. 3 well

On October 14, 2025, Pulsar Helium announced it has mobilized the drill rig and supporting equipment to its Topaz Project in Minnesota. Drilling of the first well in a new multi-well campaign, named Jetstream #3, is expected to commence later in the week. The campaign will consist of up to ten additional wells, drilled 24/7, with target depths between 1,500 and 3,900 feet. The objective is to define the geometry, extent, and productivity of the helium reservoir previously identified by the Jetstream #1 and #2 wells.

This news is a positive operational update, but it is non-material. The market was already anticipating this drill program, as it was explicitly mentioned as the next step in the company's highly significant October 1, 2025, news release regarding the Helium-3 (He-3) discovery.

Here is a chronological assessment of recent developments: * September 29, 2025: The company released a pre-feasibility study for its secondary Tunu project in Greenland, indicating potential for both geothermal power and helium production. This project is secondary to the flagship Topaz project. * October 1, 2025 (Material - Game Changer Potential): Pulsar announced the discovery of exceptionally high concentrations of the rare and valuable He-3 isotope at its Jetstream #1 well at Topaz. The company reported peak concentrations of 14.5 parts per billion (ppb), which it claims are among the highest ever reported in a terrestrial reservoir and comparable to concentrations found on the moon. This news caused the stock to gap up from C$0.45 to C$0.61 on massive volume, fundamentally altering the speculative potential of the company. However, the company critically noted that "no commercial technology is in operation at scale" to separate He-3 from He-4. * October 14, 2025 (Most Recent): The mobilization of the drill rig is the direct execution of the plan outlined on October 1. While confirming progress is positive and demonstrates the management team is meeting its stated timeline, it does not introduce new information that would alter the company's valuation. It simply starts the clock on the next major catalyst: drilling results.

The market has already priced in the anticipation of this drilling. The real material impact will come from the results of the up to 10 wells, which will either confirm the scale of the helium discovery (both He-4 and He-3) or disappoint. This news release simply confirms the company is proceeding as expected.

Pulsar Helium Inc. is a company focused on the exploration and development of primary helium projects. Its flagship asset is the Topaz Project in Minnesota, USA, where it has drilled two wells (Jetstream #1 and #2) and identified a significant helium reservoir. The project gained prominence with a successful flow test of Jetstream #1 in August 2025 (delivering 7-8% He-4) and the subsequent discovery of high-grade Helium-3 in October 2025. The company also holds the earlier-stage Tunu helium and geothermal project in Greenland.