Pulsar Helium Announces Equity Fundraising of Approximately US$10 Million

Executive Summary

• Pulsar Helium Inc. announced an accelerated book‑build equity placing to raise approximately US $10 million at £0.80 per share.
• Net proceeds will be used primarily to advance the Topaz helium project in Minnesota, support the Falcon Project in Michigan, and fund general working capital.
• The Placing is expected to close around 27 February 2026 with shares admitted to trading on AIM; OAK Securities acts as exclusive bookrunner and placement agent.

Key Details

• Gross proceeds target: ~US $10.0 million (≈£7.4 million / CAD $13.7 million).
• Issue price: £0.80 per common share (≈CAD $1.47).
• Book‑build process: Launched immediately after announcement; result anticipated 20 Feb 2026 (07:00 UK time).
• Use of proceeds – Topaz Project (USD $m):
• Extended well testing & reservoir evaluation – $1.0 m
• Seismic acquisition & interpretation – $1.5 m
• Land acquisition – $1.0 m
• Resource update – $0.2 m
• Pre‑feasibility study (helium & CO₂) – $1.0 m
• Long‑lead processing equipment procurement – $2.5 m
• Use of proceeds – Falcon Project: Geophysical & geochemical surveys – $1.0 m
• General working capital & Placing costs: $1.8 m
• Closing date: Anticipated on or about 27 Feb 2026, subject to regulatory approvals (including TSX‑V conditional approval).
• Placement agent/bookrunner: OAK Securities (trading name of Merlin Partners LLP); advisory fee £20,000 plus cash commission equal to 6.0% of gross proceeds.
• Broker warrants: OAK Securities to receive warrants to subscribe for 6.0 % of the Placing Shares at the Issue Price, exercisable for 12 months from closing.
• Share admission: Placing Shares will be admitted to trading on AIM concurrent with closing; will rank pari‑passu with existing common shares for dividends and distributions.
• Regulatory filings: Placement made under Pulsar’s Canadian Base Shelf Prospectus dated 11 Feb 2026; prospectus supplement to be filed on SEDAR+ the same day.
• Restrictions: Shares not registered in the United States, Australia, Japan, Republic of Ireland or South Africa; offering limited to qualified investors in those jurisdictions.

Notable Quotes

“The net proceeds will accelerate development at our flagship Topaz helium project and support further exploration at Falcon, positioning Pulsar for long‑term growth.” – Thomas Abraham‑James, President, CEO & Director.