Pulsar Helium Announces Closing of Fundraise

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.