Pulsar raises 7.4 million British pounds in placing

Executive Summary

• Pulsar Helium Inc. raised approximately £7.4 million (≈ US$10 million/CA$13.7 million) by issuing 9,191,175 placing shares at £0.80 per share.
• Proceeds will be used to accelerate development of the Topaz helium project in Minnesota and commence survey work on the Falcon project in Michigan, as well as for general working capital.
• The placement shares are expected to be admitted to trading on AIM around Feb 27 2026, bringing total common shares outstanding to 180,142,697.

Key Details

• Gross proceeds: ~£7.4 million (≈ US$10 M / CA$13.7 M).
• Shares issued: 9,191,175 placing shares at £0.80 per share.
• Bookrunner/Placement agent: Oak Securities (Merlin Partners LLP).
• Closing date: Expected by Feb 27 2026; subject to TSX‑V final approval.
• AIM admission: Application filed; trading expected on or around Feb 27 2026 at 8 a.m. London time.
• Post‑placement share count: 180,142,697 common shares with voting rights.
• Use of proceeds:
• Extend well testing, reservoir evaluation, and seismic survey at Topaz (MN).
• Consolidate/expand mineral and leasehold interests; update resource estimate; complete prefeasibility study for integrated helium & CO₂ production.
• Acquire long‑lead processing equipment for helium recovery and CO₂ capture.
• Fund geophysical, geochemical, and exploration activities at Falcon (MI).
• General working capital.
• Regulatory filings: Placement conducted under Pulsar’s Canadian base shelf prospectus (dated Feb 11 2026) and supplement (Feb 19 2026); no resale restrictions in Canada.

Notable Quotes

“We’re very pleased to have successfully completed this fundraising… The proceeds will enable us to accelerate development at our Topaz Project … while also commencing initial survey work at our Falcon project in Michigan.” – Thomas Abraham‑James, President & CEO, Pulsar Helium Inc.