Pulsar Helium Inc.

Pulsar Helium Inc. announced that its wholly owned subsidiary, Pulsar Helium (MI) Inc., has signed a contract with Xcalibur MPH (Canada) Ltd to conduct a high-resolution airborne gravity gradiometry and magnetic survey at its Falcon project in Michigan's Upper Peninsula. The FALCON System Survey will cover approximately 14,727 line kilometres over an initial priority area within the Falcon Project, which comprises an exclusive exploration option over approximately 488,090 gross acres of mineral rights, with commencement expected in mid-Q4 2026. Survey lines will be spaced 500 metres apart on a 315-degree northwest-southeast orientation, with tie lines spaced 5,000 metres apart on a 045-degree northeast-southwest orientation, flown at a nominal terrain clearance of approximately 165 metres. The program will be integrated with a newly released high-resolution airborne magnetic and radiometric dataset funded by the U.S. Geological Survey's Earth Mapping Resources Initiative, which covers a large portion of the Falcon Project at no acquisition cost to Pulsar. CEO Thomas Abraham-James said the contract marks an important step in advancing Falcon from district-scale land assembly into systematic target generation, applying the data-led approach developed at the company's Topaz helium project in Minnesota to comparable geology in Michigan.

Pulsar Helium Inc. has signed and accepted a firm proposal from Chart Energy & Chemicals, a wholly-owned subsidiary of Baker Hughes, to supply equipment for its proposed Rare Gas Hub in Minnesota at an aggregate value of $85.5 million, paid in stages on achievement of applicable milestones before taxes, duties, shipping and commissioning. The proposal covers a helium purification and liquefaction plant with capacity of 861 liters per hour, equivalent to approximately 7.5 million liters of liquid helium annually at continuous nameplate operation, and a CO2 plant with 300-tonne-per-day capture capacity, with CO2 storage and loading to be addressed separately. An upfront payment of US$5.025 million is payable on signing and TSX Venture Exchange approval, satisfied from existing cash resources, followed by a US$8.55 million Milestone 2 payment scheduled for January 31, 2027, which would authorize Chart to begin procuring long-lead items; if unpaid by that date the project automatically enters a suspension period of up to 180 days. Pulsar, which reports cash resources of US$25.2 million, said it continues to advance financing alternatives for the remaining payments and wider development costs, and is separately progressing discussions on a prospective plant site in Lake County, Minnesota. CEO Thomas Abraham-James called the signing a major milestone, noting the planned plant's nameplate capacity of approximately 7.5 million litres of liquid helium and over 100,000 tons of liquid CO2 annually.

Pulsar Helium Inc. has announced a proposed fundraise of approximately US$20 million through a placing and subscription, alongside a separate retail offer of up to US$1.5 million, to accelerate its pathway to first helium production at the Topaz Project in Minnesota. The placing and subscription will be conducted at a fixed price of 75 pence per new common share, with the placing managed by Canaccord Genuity as sole bookrunner. Proceeds are intended to fund the drilling of six additional wells at Topaz, purchase of long-lead production items, and land permitting and technical reports. The company also recently entered a binding letter agreement to reserve a helium liquefaction plant for potential deployment in Minnesota, which it believes will strengthen its route-to-market strategy and create opportunities for earlier third-party gas processing revenue. Pulsar targets first helium production in the fourth quarter of 2027, with the fundraise expected to close and shares admitted to trading on AIM and the TSX Venture Exchange around 13 July 2026.