Northwire Canada EditionWednesday, July 15, 2026
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WCU 0.010 +0.0% NTH 0.160 −3.0% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.83 −4.1% IVN 10.66 −1.1% MASS 0.090 +0.0% LIF 26.69 −1.9% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.285 −1.7% ODV 3.36 −0.3% MINK 0.105 +0.0% ZEN 0.690 +7.8% LCE 0.250 +4.2% WCU 0.010 +0.0% NTH 0.160 −3.0% GGM 0.035 +0.0% FG 0.035 +0.0% EFR 17.83 −4.1% IVN 10.66 −1.1% MASS 0.090 +0.0% LIF 26.69 −1.9% CPAU 0.155 +0.0% PTX 0.105 −4.5% VENT 0.160 +0.0% ANK 0.285 −1.7% ODV 3.36 −0.3% MINK 0.105 +0.0% ZEN 0.690 +7.8% LCE 0.250 +4.2%
Drill Results

Pulsar Files Financial and Operating Results for the First Quarter Ended December 31, 2025

By The Northwire Desk — AI Analysis Feb 26, 2026 · 02:00 PLSR · 1.54 Pulsar Helium Inc.
PLSR · Price

Executive Summary

  • Pulsar Helium reported its Q4 2025 operating and financial results, highlighting continued drilling progress at the Topaz helium project (six wells completed, seventh underway).
  • The company acquired 80% of Quantum Hydrogen Inc. for $400k in share consideration (issued in four tranches to date; final tranche due March 2026) and purchased 100% of Hybrid Hydrogen Inc. for $105k cash, adding the Falcon helium project in Michigan.
  • An equity placing is slated to raise approximately £7.4 million (~US$10 million) at £0.80 per share, expected to close on February 27 2026, strengthening the balance sheet.

Key Details

  • Drilling Program (Topaz Project)
  • October 2025 – program launched to drill up to ten wells; six appraisal wells (Jetstream #1‑#6) completed.
  • Jetstream #3: total depth 3,507 ft (1,069 m).
  • Jetstream #4: total depth 3,000 ft (914 m).
  • Jetstream #5: total depth 3,839 ft (1,170 m) – completed Jan 2026.
  • Jetstream #6: total depth 2,597 ft (792 m) – completed Feb 2026.

  • Jetstream #7 drilling underway as of the release.

  • Helium‑3 Isotope Confirmation

  • U.S. Geological Survey Noble Gas Lab (Denver) and Lawrence Livermore National Laboratory independently confirmed He‑3 concentrations in gas from Jetstream #1 at 11.2–11.9 ppb, with associated He‑4 of 7.7–8.0 %.

  • Acquisition – Quantum Hydrogen Inc.

  • Agreement (Nov 2025) to acquire 80% of Quantum’s common shares for aggregate $400,000 in Pulsar common stock, issued in five equal monthly tranches of $80,000 each.
  • Shares issued:
    • Dec 2025 – 292,560 shares (first & second tranches).
    • Jan 2026 – 145,434 shares (third tranche).
    • Feb 2026 – 80,947 shares (fourth tranche).
  • Fifth tranche scheduled for March 2026 to complete the 80% stake.

  • Option to acquire remaining 20% within 18 months for an additional $400,000 in common shares under same pricing mechanism.

  • Acquisition – Hybrid Hydrogen Inc.

  • Completed Jan 2026; 100% of Hybrid’s common shares purchased for cash consideration of $105,000.

  • Adds exclusive mineral‑rights option to lease helium‑bearing gases in Michigan’s Upper Peninsula (Falcon project).

  • Financial Highlights (Q4 2025)

  • Exploration & evaluation expenditures: US$2.0 million (drilling at Topaz).
  • Warrants exercised: 16,150,567 common shares for gross proceeds of US$4.1 million.

  • Options exercised: 800,000 common shares for gross proceeds of US$0.3 million.

  • Equity Financing – Placing

  • Gross proceeds target: £7.4 million (≈US$10 million).
  • Issue price: £0.80 per share.
  • Conducted via accelerated book‑build; OAK Securities (Merlin Partners LLP) acting as exclusive bookrunner.

  • Expected closing date: February 27 2026.

  • Management Comment – Thomas Abraham‑James, President & CEO

  • Emphasized progress in drilling and reservoir delineation at Topaz.
  • Stated that the £7.4 million capital raise will significantly strengthen the balance sheet and provide flexibility for advancing Topaz and broader portfolio development.

Notable Quotes

“During the Period and Post Period, Pulsar advanced its appraisal drilling program at the Topaz Project… The data gathered … continues to strengthen our understanding of the system and supports the next phase of resource evaluation and development planning.” – Thomas Abraham‑James, President & CEO

“In February, we announced a £7.4 million (approximately $10 million) capital raise… which significantly strengthens the Company’s balance sheet and provides the financial flexibility to advance Topaz and progress our broader portfolio.” – Thomas Abraham‑James, President & CEO

Read the original news release →

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M&A / Property May 28, 2026 · 02:00

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Production / Operations