Pulsar Helium Announces Warrant Exercise by Its Major Investor Bringing in Net Proceeds of CAD$5.6 Million

Executive Summary

• ABCrescent Cooperatief U.A. exercised its full warrant entitlement of 15,500,000 warrants at CAD $0.36, generating CAD $5.58 million in cash for Pulsar Helium.
• The proceeds will be used to advance the Topaz helium project in Minnesota and strengthen the company’s balance sheet.
• Following the exercise and a concurrent disposition of 200,000 common shares, ABCrescent now controls approximately 13.53% of Pulsar’s outstanding common equity.

Key Details

• Warrant Exercise: 15,500,000 warrants exercised at CAD $0.36 per warrant → CAD $5,580,000 cash received.
• Use of Proceeds: Funds to be applied toward the development and drilling program of the Topaz helium project in Minnesota, USA.
• Share Disposition: ABCrescent sold 200,000 common shares on Nov 4‑5, 2025 at an aggregate price of ~£0.40 per share (≈CAD $0.75) → approx. £81,700 proceeds.
• Post‑Transaction Ownership: ABCrescent now holds direct/indirect control over 22,576,316 common shares, representing 13.53% of Pulsar’s issued and outstanding common shares.
• Prior Ownership (pre‑exercise): 7,276,316 common shares (~4.81%) plus the 15,500,000 warrants.
• Director Interest: Brice Laurent (Company Director) is a managing partner of ABCrescent; he personally holds 17,570 common shares and is interested in 450,000 stock options under the company’s Stock Option Plan.
• Topaz Project Update (contextual): Recent drilling at Jetstream #1 and #2 appraisal wells reached total depths of 5,100 ft and 5,638 ft respectively; flow‑testing confirmed helium‑3 presence with high concentrations, supporting continued development plans.

Notable Quotes

• Thomas Abraham-James, President & CEO:

  “We greatly appreciate ABCrescent’s ongoing support… the proceeds put Pulsar in a strong cash position and will be used to advance our flagship Topaz helium project… This transaction has also streamlined our capital structure by eliminating virtually all outstanding warrants, effectively removing any perceived overhang.”