Pulsar Helium Inc. ("Pulsar" or the "Company"), a primary helium company, is pleased to announce that, further to its announcement on February 19, 2026 regarding the Placing, conducted by way of accelerated bookbuild, the Company has raised gross proceeds of approximately 锟�7.4 million (approximately US$10.0 million / CAD$13.7 million) through the issue of 9,191,175 Placing Shares at the Issue Price of 锟�0.80 (approximately CAD$1.47) per Common Share.
OAK Securities (a trading name of Merlin Partners LLP) acted as the Company's exclusive bookrunner and placement agent in connection with the Placing.
Thomas Abraham-James, President & CEO of Pulsar, commented:
"We're very pleased to have successfully completed this fundraising and to welcome our new shareholders and institutional investors to Pulsar Helium. We chose to conduct the raise in the UK through an accelerated bookbuild managed by OAK Securities and we believe the level of support is a strong endorsement of both our team and the quality of our assets. The proceeds will enable us to accelerate development at our Topaz Project in the USA targeting helium, helium-3 and CO2, while also commencing initial survey work at our Falcon Project in Michigan."
Closing, Admission to AIM and total voting rights
Application has been made to the London Stock Exchange plc for the admission to trading on AIM of the 9,191,175 Placing Shares, which is expected to occur and dealings commence at 8.00 a.m. on or around February 27, 2026. The Placing Shares, when issued and fully paid, will rank pari passu in all respects with the existing Common Shares.
On Admission, the total number of Common Shares in issue will be 180,142,697 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.
Closing of the Placing is expected by February 27, 2026 and remains subject to final approval of the TSX Venture Exchange.
Use of proceeds
Net proceeds received pursuant to the Placing will be used to advance Pulsar's flagship Topaz helium project in Minnesota, USA, to progress the Falcon Project in Michigan, and for general working capital purposes. At Topaz, 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.
Additional Information
The Placing is being conducted pursuant to Pulsar's Canadian base shelf prospectus dated February 11, 2026 (the "Base Shelf Prospectus") as supplemented by the Company's prospectus supplement dated February 19, 2026 relating to the Placing (the "Prospectus Supplement"), copies of which are available on the Company's 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 will not be subject to any resale restrictions in Canada. Such documents are not prospectuses for the purposes of the FCA's 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. The Prospectus Supplement and the Base Shelf Prospectus are accessible at www.sedarplus.ca.
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.