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Revealed Jan 17, 2025 • 7 minute learn
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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, Jan. 17, 2025 (GLOBE NEWSWIRE) — Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Firm”), a number one helium undertaking improvement firm, publicizes that drilling for the Jetstream #2 appraisal nicely commenced at 3:55 a.m. (CST) on Thursday January 16, 2025, at its flagship Topaz Mission in Minnesota (“Topaz” or the “Mission”). Jetstream #2 is deliberate to succeed in roughly 5,000 toes (1,524 metres) depth and is scheduled to succeed in whole depth (TD) across the finish of January 2025. This would be the second gasoline appraisal nicely drilled on the Jetstream Prospect throughout the Topaz Mission and is designed to supply knowledge on reservoir properties, together with porosity, permeability and nicely connectivity that will probably be utilised within the subsequent iteration of useful resource estimation, manufacturing modelling, and additional appraisal nicely planning.
Upon completion of drilling the Jetstream #2 nicely, down-hole wireline logs will probably be collected, and an optical televiewer run at each Jetstream #1 and #2. Movement testing and stress build-up monitoring are deliberate for each wells in early March following a post-drill stabilisation interval.
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2025 Drill Program to Date
As talked about by information launch on January 13, 2025, the Firm efficiently accomplished deepening the Jetstream #1 appraisal nicely, reaching a TD of 5,100 toes (1,555 metres) on January 11, efficiently penetrating the present interpreted helium-bearing zone. Mud log gasoline ranges containing as much as 7.24% helium have been encountered throughout drilling. These samples are diluted by atmospheric air as a result of rotary air drilling technique used and unaffected samples for laboratory evaluation will probably be acquired sooner or later.
Strategic Significance
The Jetstream #1 appraisal nicely beforehand reached TD of two,200 toes (671 metres) on the February 27, 2024, figuring out top-tier helium concentrations of as much as 14.5%, nicely above the 0.3% extensively accepted financial threshold, and CO2 concentrations exceeding 70% – with the latter anticipated to additional contribute to the undertaking economics. The deepening of Jetstream #1 is a pivotal step in advancing Pulsar’s technique to deal with the rising international demand for helium because the Firm strikes one other step nearer to manufacturing. The deepening of Jetstream #1 will goal the total top of the helium reservoir, guided by insights from lately acquired survey knowledge, earlier drilling phases, and onsite testing.
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On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Additional Info:
Pulsar Helium Inc.
join@pulsarhelium.com
+ 1 (218) 203-5301
+44 (0) 2033 55 9889
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)
information@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Monetary PR)
Megan Ray / Stated Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the buying and selling identify of Merlin Companions LLP, a agency integrated 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 undertaking in Minnesota, USA, and the Tunu helium undertaking in Greenland. Pulsar is the primary mover in each areas with major helium occurrences not related to the manufacturing of hydrocarbons recognized at every.
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For additional data go to:
Web site https://pulsarhelium.com
LinkedIn https://ca.linkedin.com/firm/pulsar-helium-inc.
Neither the TSX Enterprise Change nor its Regulation Providers 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 data throughout the that 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 categorical, or contain discussions as to, expectations, beliefs, plans, aims, assumptions or future occasions or efficiency (usually, however not all the time, via the usage of phrases or phrases equivalent to “will probably end result”, “are anticipated to”, “expects”, “will proceed”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “technique”, “goal” and “outlook”) are usually not historic details and could also be forward-looking statements. Ahead-looking statements herein embody, however are usually not restricted to, statements referring to the potential impression of drilling Jetstream #2 and the deepening Jetstream #1 and the potential impression of such drilling of Jetstream #2 and of deepening Jetstream #1 on the following iteration of the useful resource estimate; 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 price estimates, administration’s expectations relating to 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 so far, given their early stage of improvement. The longer term 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 improvement 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 Mission. Nevertheless, estimating helium volumes is topic to vital uncertainties related to technical knowledge and the interpretation of that knowledge, future commodity costs, and improvement and working prices. There could 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 into extra unsure when new data turns into obtainable because of for instance, further drilling or manufacturing assessments over the lifetime of subject. As estimates change, improvement and manufacturing plans might also fluctuate. 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 trade apply. These estimates are imprecise and rely to some extent on interpretations, which can in the end show to be inaccurate and require adjustment or, even when legitimate when initially calculated, could alter considerably when new data or strategies turn into obtainable. As additional data turns into obtainable via further drilling and evaluation the estimates are more likely to change. Any changes to quantity may have an effect on the Firm’s exploration and improvement plans which can, in flip, have an effect on the Firm’s efficiency. The method of estimating helium assets is complicated and requires vital selections and assumptions to be made in evaluating the reliability of accessible geological, geophysical, engineering, and financial date for every property. Completely different engineers could make totally different estimates of assets, money flows, or different variables primarily based on the identical obtainable knowledge.
Ahead-looking statements are topic to a variety 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 are disclosed in or implied by such forward- trying statements. Such dangers and uncertainties embody, however are usually 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 greater than estimates and the potential for delays within the graduation of drilling; commodity costs; well being, security and environmental components; and different components set forth above in addition to underneath “Cautionary Notice Relating to Ahead Trying Statements and Market and Trade Knowledge” and “Danger Elements” within the AIM Admission Doc printed on October 14, 2024 discovered on the Firm’s web page at https://pulsarhelium.com/buyers/aim-rule-26/default.aspx.
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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 data, future occasions or in any other case, besides as could also be required by regulation. New components emerge once in a while, and it isn’t doable for the Firm to foretell all of them or assess the impression 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 could be on condition that the forward-looking statements herein will show to be right and, accordingly, buyers mustn’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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