Pulsar Helium Inc. (锟絇ulsar锟� or the 锟紺ompany锟�), a primary helium company, is pleased to announce that further to its announcements on February 19 and 20, 2026, it has conditionally closed its placing (the 锟絇lacing锟�) of 9,191,175 common shares of the Company (each, a 锟絇lacing Share锟� and each common share of the Company, a 锟紺ommon Share锟�) at a price of 锟�0.80 (approximately CAD$1.47) per Placing Share for total gross proceeds of 锟�7,352,940 (approximately US$10.0 million / CAD$13.7 million). Closing of the Placing remains subject to receipt of final approval from the TSX Venture Exchange.
Net proceeds received pursuant to the Placing will be used to advance Pulsar锟絪 flagship Topaz helium project in Minnesota, USA (the 锟絋opaz Project锟�), to progress the Falcon project in Michigan (the 锟紽alcon Project锟�), and for general working capital and corporate purposes. At the Topaz Project, the Company intends to undertake extended well testing and reservoir evaluation; conduct an additional seismic survey to enhance structural interpretation and reservoir modelling; consolidate and expand its mineral and leasehold interests; update the independent resource estimate; and complete a pre-feasibility study for integrated helium and CO2 production. The Company also intends to place deposits on certain long-lead processing equipment for the contemplated helium recovery and CO2 capture facility. In addition, a portion of the proceeds is expected to support geophysical, geochemical and related exploration activities at the Falcon Project.
In connection with the Placing, OAK Securities (a trading name of Merlin Partners LLP) (锟絆AK锟�) was paid an advisory fee of 锟�20,000 (approximately CAD$37,000) and a cash fee in an amount of 锟�441,176 (approximately CAD$812,000). The Company also issued 551,470 non-transferable Common Share purchase warrants (锟紹roker Warrants锟�) to OAK, with the Broker Warrants being exercisable for 12 months from the date of issue at a price of 锟�0.80 (approximately CAD$1.47).
Additional Information
The Placing was conducted pursuant to Pulsar锟絪 Canadian base shelf prospectus dated February 11, 2026 (the 锟紹ase Shelf Prospectus锟�) as supplemented by the Company锟絪 prospectus supplement dated February 19, 2026 relating to the Placing (the 锟絇rospectus Supplement锟�), copies of which are available on the Company锟絪 profile on SEDAR+ at www.sedarplus.ca. As the Prospectus Supplement and the Base Shelf Prospectus qualify the distribution of the Placing Shares sold pursuant to the Placing, the Placing Shares are not subject to any resale restrictions in Canada. Such documents are not prospectuses for the purposes of the FCA锟絪 Prospectus Rules: Admission to Trading on a Regulated Market sourcebook.
Access to the Prospectus Supplement and the Base Shelf Prospectus is provided in accordance with Canadian securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment thereto. An electronic or paper copy of the Prospectus Supplement, the corresponding Base Shelf Prospectus and any amendment thereto may be obtained, without charge, from the Company at connect@pulsarhelium.com, by providing the contact with an email address or mailing address, as applicable.