Pulsar Helium

Thomas Abraham-James serves as President and CEO, drawing on a career that includes the discovery of helium in Tanzania with Helium One. Neil Herbert is Executive Chairman and brings mining-company financing experience from Atlantic Lithium and other listed resource firms. The board and technical team direct all exploration and development spending from the Vancouver headquarters.

Most global helium supply arrives as a trace byproduct of large-scale natural gas or LNG operations, where helium is a minor revenue stream. Pulsar targets primary helium deposits — nitrogen-dominated gas reservoirs where helium constitutes the primary economic component — allowing extraction economics to be driven by helium pricing alone rather than natural gas markets. The Topaz-1 well flowed helium at concentrations of up to 14.5%, which the firm states is one of the highest recorded grades globally.

Topaz is a primary helium discovery in Lake County, Minnesota, on private mineral rights outside federal land restrictions. The project sits within the Duluth Complex, a known igneous province where fractures in ancient rock provide reservoir space for helium-rich gas. Pulsar has completed discovery drilling, seismic surveys, and an updated 2025 resource estimate confirming commercially meaningful helium volumes, and has identified it as the only active helium appraisal well in the state.

Helium's primary demand drivers are semiconductor manufacturing, where it cools silicon wafers during chip fabrication; magnetic resonance imaging, which requires liquid helium to keep MRI magnets superconductive; and space-launch and defense systems, where helium pressurizes rocket fuel tanks. Supply constraints — exacerbated by the sale of the US Federal Helium Reserve and production outages in Russia and Qatar — have pushed helium prices to levels where dedicated primary helium projects can be economic.

Pulsar trades on the TSX Venture Exchange in Canada under the symbol PLSR and maintains a secondary AIM listing in London as PLSR.L. The firm has funded its exploration and appraisal through successive equity issuances, with a total deployment of approximately $22.5 million since inception through March 2025. It previously had a Nordic listing that it migrated, reflecting an active capital-markets strategy to access resource-specialist investors in multiple jurisdictions.

Yes. Pulsar holds the Tunu helium project in Greenland, though it remains at an earlier stage of evaluation and has not received the drilling focus allocated to Topaz. The firm has stated it continues to assess additional North American helium prospects, but its near-term operational and capital focus is entirely on advancing the Minnesota asset toward production readiness.

Pulsar has publicly guided toward a production-ready target in 2027, subject to ongoing appraisal results, engineering design, and permitting milestones. The firm is currently conducting step-out drilling and seismic interpretation to refine the resource model, with the updated 2025 independent resource estimate representing a key data point for eventual development planning.