Northwire Canada EditionSaturday, July 25, 2026
Northwire
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%

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Original News Release

Pulsar Helium to begin drilling Jetstream No. 3 well

Mr. Thomas Abraham-James reports PULSAR HELIUM MOBILIZES DRILL RIG AND ANCILLARY EQUIPMENT TO SITE AT TOPAZ PROJECT, MINNESOTA, USA The drill rig and supporting equipment have been mobilized and are due to arrive at Pulsar Helium Inc.'s flagship Topaz project in Minnesota, United States, this Wednesday. Up to 10 additional wells are to be drilled, with the campaign designed to further define the geometry, extent and productivity of the helium-bearing reservoir identified in previous drilling and flow-testing campaigns. Drilling of the first well, Jetstream No. 3, is anticipated to commence later this week. Pulsar personnel, including the company's president and chief executive officer, chief financial officer, and operations manager, are on site overseeing final preparations. The program will comprise up to 10 wells targeting helium-bearing zones at depths between 1,500 and 3,900 feet (between approximately 450 and 1,200 metres). Drill depths will be refined based on geological modelling to ensure complete penetration of the reservoir at each location. Operations will run on a continuous 24-hour basis using rotating crews to maximize efficiency and minimize downtime. Data collected throughout the campaign, including gas shows, core samples and downhole measurements, will be analyzed in real time. These results will enable Pulsar to refine its reservoir model, confirm continuity between well locations and identify optimal sites for future production infrastructure. Thomas Abraham-James, president and chief executive officer of Pulsar, commented: "The mobilization of the drill rig signals the start of an exciting new phase at Topaz. Building on the strong results from Jetstream No. 1 and No. 2, this next program is critical in confirming the scale of Minnesota's helium potential. Each well will bring us closer to quantifying the resource, advancing Topaz toward commercial development and reinforcing Pulsar's role in strengthening U.S. helium supply chains." About the rig The wells will be drilled by Timberline Drilling Inc., using a Christensen CT20 that has a drilling depth capacity of 8,000 feet (2,435 metres). The Christensen CT20 is safe, ergonomic and environmentally friendly. The rig is an ideal choice for surface core drilling anywhere in the world. Available with truck- or crawler-mounted versions, the Christensen CT20 can easily be transported and manoeuvred. About the Topaz project The Topaz project is located in northern Minnesota, United States, where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream No. 1 appraisal well reached a total depth (TD) of 5,100 feet (1,555 metres) in January, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. Drilling of the Jetstream No. 2 appraisal well was completed on Feb. 1, 2025, reaching a TD of 5,638 feet (1,718 metres). In August, 2025, the Jetstream No. 1 well was successfully flow tested using a wellhead compressor, delivering a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained flow of 7 to 8 per cent helium (as helium-4). Recent laboratory analyses have also confirmed the presence of helium-3 in measurable concentrations, representing one of the highest naturally occurring helium-3 values publicly reported in a terrestrial gas reservoir. The forthcoming multiwell drilling campaign will build on these results to expand Pulsar's understanding of the reservoir and advance Topaz toward development. About Pulsar Helium Inc. Pulsar Helium is a publicly traded company quoted on the AIM (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. Qualified person signoff In accordance with the AIM note for mining and oil and gas companies, the company discloses that Mr. Abraham-James, president, chief executive officer and director of the company, has reviewed the technical information contained herein. Mr. Abraham-James has approximately 20 years in the mineral exploration industry, is a chartered professional fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM CP (Geo)), a fellow of the Society of Economic Geologists, and a fellow of the Geological Society of London. We seek Safe Harbor.
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