Pulsar Helium Pronounces Upcoming Down-Gap Testing of the Jetstream Appraisal Wells, Topaz Undertaking, Minnesota, USA

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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

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CASCAIS, Portugal, Feb. 20, 2025 (GLOBE NEWSWIRE) — Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Firm”), a number one helium venture growth firm, is happy to announce that down-hole testing tools is scheduled to mobilise to website on Monday, February 24^th. The instruments include an optical televiewer and LithoScanner, each of which shall be run on each the Jetstream #1 and #2 appraisal wells.

Abstract

• Down-Gap Testing: Involving optical televiewer and LithoScanner instruments, is scheduled to begin on Monday, February 24^th. The information assortment course of, anticipated to take roughly two days, will present useful insights into reservoir traits. Jetstream #1 was deepened to a complete depth (TD) of 5,100 ft (1,555 meters), whereas Jetstream #2 reached a TD of 5,638 ft (1,718 meters).
• Subsequent Steps: Movement charge and bottom-hole strain testing will happen in March 2025 as soon as nicely head pressures are anticipated to have stabilised. The circulation testing shall be carried out over a interval of as much as two weeks for every nicely. All information will then be despatched to an unbiased useful resource estimator for a useful resource replace, and to Chart Industries for manufacturing situation evaluation and conceptual processing facility design.

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Expanded Reservoir Potential

Elevated helium values have been noticed in each Jetstream #1 and #2 over a gross vertical thickness of three,350 and three,178 ft (1,021 and 969 meters), respectively. This consistency between wells means that the interpreted geophysical information precisely signifies that the helium-bearing zone extends past 2,200 ft (671 meters), which was the entire depth of Jetstream #1 earlier than deepening. The elevated gross helium-bearing interval has the potential to reinforce the venture’s useful resource potential, highlighting the importance of the Topaz Undertaking.

Strategic Significance

The Jetstream #1 appraisal nicely reached a TD of two,200 ft (671 meters) on February 27, 2024. This recognized top-tier helium concentrations of as much as 14.5%, considerably exceeding the extensively accepted financial threshold of 0.3%. Furthermore, CO₂ concentrations exceeded 70%, which is predicted to additional improve the venture’s economics. The current deepening of Jetstream #1 and the completion of Jetstream #2 are essential steps in advancing Pulsar’s technique to satisfy the rising world demand for helium because the Firm progresses towards its manufacturing goal.

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This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the US. The securities haven’t been and won’t be registered below the US Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and is probably not provided or bought inside the US or to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is obtainable.

On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director

Additional Data:

Pulsar Helium Inc.
join@pulsarhelium.com

+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
https://pulsarhelium.com
https://x.com/pulsarhelium 
https://ca.linkedin.com/firm/pulsar-helium-inc.

Strand Hanson Restricted
(Nominated & Monetary Adviser, and Joint Dealer)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494

OAK Securities*
(Joint Dealer)
Jerry Eager (Company Broking) / Henry Clarke (Institutional Gross sales) / Dillon Anadkat (Company Advisory)
data@OAK-securities.com
+44 203 973 3678

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BlytheRay Ltd
(Monetary PR)
Megan Ray / Mentioned Izagaren
+44 207 138 3204                                                 
pulsarhelium@blytheray.com

*OAK Securities is the buying and selling title of Merlin Companions LLP, a agency included in the UK and controlled by the UK Monetary Conduct Authority. 

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded firm listed on the AIM market of the London Inventory Change and the TSX Enterprise Change with the ticker PLSR, in addition to on the OTCQB with the ticker PSRHF. Pulsar’s portfolio consists of its flagship Topaz helium venture in Minnesota, USA, and the Tunu helium venture in Greenland. Pulsar is the primary mover in each places with main helium occurrences not related to the manufacturing of hydrocarbons recognized at every.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Ahead-Trying Statements

This information launch and the interview comprises forward-looking info inside the which means of Canadian securities laws (collectively, “forward-looking statements”) that relate to the Firm’s present expectations and views of future occasions. Any statements that specific, or contain discussions as to, expectations, beliefs, plans, targets, assumptions or future occasions or efficiency (typically, however not at all times, by the usage of phrases or phrases equivalent to “will probably consequence”, “are anticipated to”, “expects”, “will proceed”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “technique”, “goal” and “outlook”) usually are not historic information and could also be forward-looking statements. Ahead-looking statements herein embody, however usually are not restricted to, statements referring to the potential influence of deepening Jetstream #1 and the potential influence of such deepening on the following iteration of the useful resource estimate; the anticipated timing to begin drilling; and the potential for future wells. Ahead-looking statements could contain estimates and are primarily based upon assumptions made by administration of the Firm, together with, however not restricted to, the Firm’s capital value estimates, administration’s expectations concerning the provision of capital to fund the Firm’s future capital and working necessities and the flexibility to acquire all requisite regulatory approvals. 

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No reserves have been assigned in reference to the Firm’s property pursuits thus far, given their early stage of growth. The long run worth of the Firm is due to this fact depending on the success or in any other case of its actions, that are principally directed towards the long run exploration, appraisal and growth of its property, and potential acquisition of property pursuits sooner or later. Un-risked Contingent and Potential Helium Volumes have been outlined on the Topaz Undertaking. Nonetheless, estimating helium volumes is topic to vital uncertainties related to technical information and the interpretation of that information, future commodity costs, and growth and working prices. There will be no assure that the Firm will efficiently convert its helium quantity to reserves and produce that estimated quantity. Estimates could alter considerably or turn out to be extra unsure when new info turns into out there attributable to for instance, extra drilling or manufacturing assessments over the lifetime of subject. As estimates change, growth and manufacturing plans may range. Downward revision of helium quantity estimates could adversely have an effect on the Firm’s operational or monetary efficiency.

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Helium quantity estimates are expressions of judgement primarily based on information, expertise and business observe. These estimates are imprecise and rely to some extent on interpretations, which can finally show to be inaccurate and require adjustment or, even when legitimate when initially calculated, could alter considerably when new info or methods turn out to be out there. As additional info turns into out there by extra drilling and evaluation the estimates are prone to change. Any changes to quantity may have an effect on the Firm’s exploration and growth plans which can, in flip, have an effect on the Firm’s efficiency. The method of estimating helium sources is complicated and requires vital choices and assumptions to be made in evaluating the reliability of accessible geological, geophysical, engineering, and financial date for every property. Totally different engineers could make completely different estimates of sources, money flows, or different variables primarily based on the identical out there information.

Ahead-looking statements are topic to plenty of dangers and uncertainties, a lot of that are past the Firm’s management, which may trigger precise outcomes and occasions to vary materially from these which can be disclosed in or implied by such forward- wanting statements. Such dangers and uncertainties embody, however usually are not restricted to, that Pulsar could also be unsuccessful in deepening the Jetstream #1, in drilling commercially productive wells; the uncertainty of useful resource estimation; operational dangers in conducting exploration, together with that drill prices could also be increased than estimates and the potential for

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delays within the graduation of drilling; commodity costs; well being, security and environmental elements; and different elements set forth above in addition to below “Cautionary Be aware Relating to Ahead Trying Statements and Market and Business Knowledge” and “Threat Components” within the AIM Admission Doc revealed on October 14^th, 2024, discovered on the Firm’s website at https://pulsarhelium.com/traders/aim-rule-26/default.aspx.

Ahead-looking statements contained on this information launch are as of the date of this information launch, and the Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides as could also be required by regulation. New elements emerge occasionally, and it isn’t doable for the Firm to foretell all of them or assess the influence of every such issue or the extent to which any issue, or mixture of things, could trigger outcomes to vary materially from these contained in any forward-looking assertion. No assurance will be on condition that the forward-looking statements herein will show to be appropriate and, accordingly, traders shouldn’t place undue reliance on forward-looking statements. Any forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.

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