Northwire Canada EditionWednesday, July 15, 2026
Northwire
FG 0.040 +14.3% EFR 17.58 −5.5% IVN 10.50 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0% FG 0.040 +14.3% EFR 17.58 −5.5% IVN 10.50 −2.6% MASS 0.090 +0.0% NTH 0.160 −3.0% LIF 26.54 −2.4% CPAU 0.155 +0.0% PTX 0.110 +0.0% VENT 0.160 +0.0% ANK 0.280 −3.5% ODV 3.27 −3.0% MINK 0.105 +0.0% ZEN 0.660 +3.1% LCE 0.250 +4.2% CBA 0.085 +0.0% SGU 0.040 +0.0%
Financings

Pulsar Helium Announces Closing of Fundraise

PLSR · Price

Executive Summary

  • Pulsar Helium Inc. conditionally closed a placing of 9,191,175 common shares at £0.80 per share, generating gross proceeds of approximately £7.35 million (≈ US$10.0 million / CAD$13.7 million).
  • Net proceeds will fund advanced well testing, seismic work, leasehold expansion, resource estimate updates, and a pre‑feasibility study at the Topaz helium project in Minnesota, as well as exploration activities at the Falcon project in Michigan, plus general working capital.
  • The company paid OAK Securities an advisory fee of £20,000 and a cash fee of £441,176, and issued 551,470 non‑transferable broker warrants exercisable at £0.80 for 12 months.

Key Details

  • Placement size: 9,191,175 common shares (“Placing Shares”).
  • Issue price: £0.80 per share (≈ CAD$1.47).
  • Gross proceeds: £7,352,940 (≈ US$10.0 million / CAD$13.7 million).
  • Closing condition: Subject to final TSX Venture Exchange approval.
  • Use of net proceeds:
  • Extended well testing & reservoir evaluation at Topaz Project (MN, USA).
  • Additional seismic survey and mineral/leasehold consolidation at Topaz.
  • Update independent resource estimate for Topaz.
  • Complete pre‑feasibility study for integrated helium & CO₂ production.
  • Deposit long‑lead processing equipment for helium recovery & CO₂ capture facility.
  • Geophysical, geochemical and related exploration work at Falcon Project (MI, USA).
  • General working capital and corporate purposes.
  • Advisory/placement fees to OAK Securities:
  • Advisory fee: £20,000 (≈ CAD$37,000).
  • Cash fee: £441,176 (≈ CAD$812,000).
  • Broker warrants issued to OAK: 551,470 non‑transferable Common Share purchase warrants, exercisable for 12 months at £0.80 per share.
  • Prospectus basis: Conducted under the Canadian Base Shelf Prospectus dated Feb 11 2026, supplemented by a prospectus supplement dated Feb 19 2026. No resale restrictions in Canada.

Notable Quotes

  • “The net proceeds will accelerate our flagship Topaz helium project and advance Falcon, positioning Pulsar to deliver integrated helium and CO₂ production,” – Thomas Abraham‑James, President, CEO & Director.
Read the original news release →

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