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CASCAIS, Portugal, Oct. 14, 2025 (GLOBE NEWSWIRE) — Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or “Company“), a leading helium exploration and development company, is pleased to announce that the drilling rig and supporting equipment have been mobilized and are scheduled to arrive at the company's flagship Topaz project in Minnesota, USA, this Wednesday. Up to ten additional wells are planned to be drilled, with the campaign designed to further define the geometry, extent and productivity of the helium reservoir identified during the previous drilling and testing campaigns.
Drilling of the first Jetstream No. 3 well is expected to begin later this week. Pulsar personnel, including the company's president and CEO, chief financial officer and operations manager, are on site overseeing final preparations.
The program will include up to ten wells targeting helium-bearing zones at depths ranging from 1,500 to 3,900 feet (~450 to 1,200 meters). Drilling depth will be refined based on geological modeling to ensure full penetration of the formation at each location. Operations will be carried out around the clock and using rotating teams to maximize efficiency and minimize downtime.
Data collected during the campaign, including gas shows, core samples and downhole measurements, will be analyzed in real time. These results will allow Pulsar to refine its reservoir model, confirm the continuity of well locations and determine optimal locations for future production infrastructure.
Thomas Abraham-James, President and CEO of Pulsar, commented:
“The mobilization of the rig signals the start of an exciting new phase at the Topaz field. The next program, building on the strong results of Jetstream No. 1 and No. 2, is critical to confirming the scale of Minnesota's helium potential. Each well will bring us closer to quantifying the resource, advancing Topaz toward commercial development and enhancing Pulsar's role in strengthening U.S. helium supply chains.»
About the drilling rig
The wells will be drilled by Timberline Drilling Inc. using the Christensen CT20, which has a drilling depth of 8,000 feet (2,435 meters). Christensen CT20 is safe, ergonomic and environmentally friendly. The rig is the ideal choice for surface core drilling anywhere in the world. The Christensen CT20 is available in truck-mounted or track-mounted versions and can be easily transported and maneuvered.
About the Topaz project
The Topaz project is located in northern Minnesota, USA, where Pulsar is a pioneer and has exclusive lease rights. In January 2025, Jetstream #1 appraisal well reached a total depth (“TD”) of 5,100 feet (1,555 meters), successfully penetrating the entire interpreted helium reservoir and beyond. The Jetstream No. 2 appraisal well was completed on February 1, 2025, to a horizontal depth of 5,638 feet (1,718 meters). In August 2025, the Jetstream No. 1 well was successfully flow tested using a wellhead compressor delivering peak gas flow rates of approximately 1.3 million cubic feet per day with a sustained helium flow of 7-8% (as Helium-4). Recent laboratory analyzes have also confirmed the presence of helium-3 in measurable concentrations, representing one of the highest natural values of helium-3 publicly reported in terrestrial gas reservoirs. The upcoming multi-well drilling campaign will build on these results to expand Pulsar's understanding of the reservoir and advance Topaz to development.
On behalf of Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Additional information:
Pulsar Helium Inc.
[email protected]
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (UK)
https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.
Yellow Jersey PR Limited
(Financial PR)
Charles Goodwin / Annabelle Wills
+44 777 5194 357
[email protected]
Strand Hanson Limited
(Designated Financial Advisor and Joint Broker)
Richie Ballmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494
UAC Securities*
(Joint Broker)
Richard McGlashan / Mango Sheehan
+44 7879 646641 / +44 7788 266844
[email protected] / [email protected]
*OAK Securities is the trading name of Merlin Partners LLP, a firm registered in the United Kingdom and regulated by the Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a public company listed on the AIM market of the London Stock Exchange and listed on the TSX Venture Exchange under the ticker symbol PLSR, and on the OTCQB under the ticker symbol PSRHF. Pulsar's portfolio includes the flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is a pioneer in both locations, with primary helium deposits unrelated to hydrocarbon production identified in each.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified person signing
In accordance with the AIM Note to Mining and Oil and Gas Companies, the Company advises that Thomas Abraham-James, President, Chief Executive Officer and Director of the Company has read and reviewed the technical information contained herein. Mr Abraham-James has approximately 20 years' experience in mineral exploration and is a Chartered Professional Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM CP (Geo)), a Fellow of the Society of Economic Geologists and a Fellow of the Geological Society of London.
Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company's current expectations and views regarding future events. Any statements that express or involve discussion of expectations, beliefs, plans, goals, assumptions or future events or results (often, but not always, through the use of words or phrases such as “will likely occur,” “is expected,” “expected,” “will continue,” “expected,” “anticipates,” “believes,” “estimated,” “intends,” “plans,” “outlook,” “outlook”, “strategy”, “objectivity” and “outlook”) are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the start-up of the Topaz project, the expected contract for full construction of the plant in 2026, the final investment decision to be made in 2026, the potential impact of drilling, hydrodynamic and pressure testing results on the next iteration of resource estimates; CO potential2 as a valuable by-product of the Company's future helium production; and potential for future wells. Forward-looking statements may involve estimates and are based on assumptions made by the Company's management, including, without limitation, the Company's capital expenditure estimates, management's expectations regarding the availability of capital to fund the Company's future capital expenditures and operating needs and the ability to obtain all necessary regulatory approvals.
No reserves have been identified in connection with the Company's property interests to date given their early stage of development. Accordingly, the future value of the Company depends on the success or failure of its activities, which are primarily directed toward the future exploration, evaluation and development of its assets, as well as the potential acquisition of property interests in the future. The Topaz project defines risk-free conditional and future volumes of helium. However, helium volume estimates are subject to significant uncertainties related to technical data and the interpretation of these data, future commodity prices, and development and operating costs. There can be no assurance that the Company will successfully convert the volume of helium into reserves or produce the specified volume. Estimates may change significantly or become more uncertain as new information becomes available, for example as a result of additional drilling or production testing during the life of the field. As estimates change, development and production plans may also change. Downward revisions to helium volume estimates could adversely affect the Company's operating or financial performance.
Helium volume estimates represent judgments based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove inaccurate and require adjustment or, even if correct when initially calculated, may change significantly when new information or methods become available. As additional information becomes available through additional drilling and analysis, estimates are likely to change. Any adjustments in volumes could affect the Company's exploration and development plans, which in turn could affect the Company's results of operations. The process of estimating helium resources is complex and requires important decisions and assumptions to be made in assessing the reliability of available geological, geophysical, engineering and economic data for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those disclosed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; uncertainty in resource estimates; operational risks associated with exploration activities, including that drilling costs may be higher than estimated; prices of goods; health, safety and environmental factors; and other factors set forth above, as well as the risk factors included in the Company's annual information form dated July 31, 2025 for the year ended September 30, 2024, which can be found under the Company's profile at www.sedarplus.ca.
The forward-looking statements contained in this press release speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors arise from time to time, and the Company cannot predict all of them or estimate the impact of each such factor or the extent to which any factor or combination of factors may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that forward-looking statements contained herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement.
