Warrant Exercise by Major Investor Proceeds C$5.6M
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| NEWS RELEASE | NOVEMBER 6, 2025 | CASCAIS, PORTUGAL |
PULSAR HELIUM ANNOUNCES WARRANT EXERCISE BY ITS MAJOR INVESTOR
BRINGING IN NET PROCEEDS OF CAD$5.6 MILLION
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a helium exploration and development company, is pleased to announce that on November 5, 2025, all of the 15,500,000 share purchase warrants held by its major shareholder ABCrescent Cooperatief U.A. ("ABC" or "ABCrescent"), have been exercised at an exercise price of CAD$0.36, and generated cash proceeds for the Company of CAD$5,580,000 (the "Warrant Exercise"). The funds strengthen Pulsar's balance sheet and will be used to advance the Company's flagship Topaz helium project in Minnesota, USA.
Thomas Abraham-James, President & CEO of Pulsar, commented:
"We are sincerely grateful for ABCrescent's continued support and confidence in Pulsar. By exercising their warrants, they have demonstrated a strong commitment to our vision, reinforcing our cash position and providing CAD$5.6 million in proceeds to drive development of our Topaz helium project in Minnesota. They remain our largest shareholder and retain their seat on the Board, underscoring the depth of our partnership and their long-term commitment. This transaction significantly streamlines our capital structure by eliminating virtually all outstanding warrants and removing any perceived market overhang. With these positive steps, we move forward from a position of strength, and I am excited to continue advancing Topaz and sharing further updates as our work progresses."
ABC Share and Warrant Detail
ABC was issued 15,500,000 share purchase warrants with an exercise price of CAD$0.36 as part of a unit offering that closed on January 17, 2024. On November 5, 2025, they were exercised in their entirety bringing proceeds for the Company of CAD$5,580,000.
ABC also advises the Company that over November 4, 2025, and November 5, 2025, ABCrescent on behalf of fully managed accounts, disposed of (the "Disposition") control and direction over an aggregate of 200,000 common shares in the Company ("Common Shares"). Brice Laurent, a Director of the Company, is a managing partner of ABC. ABC advises that the 200,000 Common Shares were sold at an aggregated volume price of approximately 40 pence (or approximately CAD$0.75) per Common Share for aggregate proceeds of approximately £81,700 pursuant to certain market sales over the facilities of AIM Market on the London Stock Exchange and the TSX Venture Exchange.
ABC advises that following the Disposition and the Warrant Exercise, ABC exercises control or direction over, directly or indirectly, 22,576,316 Common Shares, representing 13.53% of the Company's issued and outstanding Common Shares.
In addition, Pulsar notes that Brice Laurent is interested directly in 450,000 stock options held over Common Shares under the Company's shareholder-approved Stock Option Plan. Mr. Laurent also reports that he personally holds 17,570 Common Shares.
Admission to AIM and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of the 15,500,000 new Common Shares issued pursuant to the Warrant Exercise, to be admitted to trading on AIM, which is expected to occur and dealings commence at 8.00 a.m. on or around November 12, 2025. The new Common Shares will rank pari passu with the Company's existing Common Shares.
On Admission, the total number of Common Shares in issue will be 166,861,376 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.
About the Topaz Project
The Topaz project is located in northern Minnesota, USA, where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well reached a total depth ("TD") of 5,100 feet (1,555 meters) in January 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. Drilling of the Jetstream #2 appraisal well was completed on February 1, 2025, reaching a TD of 5,638 feet (1,718 meters). In August 2025, the Jetstream #1 well was successfully flow-tested using a wellhead compressor. Recent laboratory analyses have also confirmed the presence of helium-3 in measurable concentrations, representing one of the highest naturally occurring helium-3 values publicly reported in a terrestrial gas reservoir. The forthcoming multi-well drilling campaign will build on these results to expand Pulsar's understanding of the reservoir and advance Topaz toward development.
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Pulsar Helium Inc.
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick
OAK Securities*
(Joint Broker)
Jerry Keen / Mungo Sheehan
+44 2039 73678 / +44 7788 266844
Jerry.keen@oak-securities.com / mungo.sheehan@oak-securities.com
Yellow Jersey PR Limited
(Financial PR)
Charles Goodwin / Annabelle Wills
About Pulsar Helium Inc.
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Common Shares of no par value | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Sale of Common Shares through the AIM Market on the London Stock Exchange and TSX Venture Exchange | ||||
| c) | Price(s) and volume(s) |
.25 pence 38.00 pence CAD$0.7707 CAD$0.77 25,000 25,000 50,000 85,500 14,500 | ||||
| d) | Aggregated information Aggregated volume Price | AIM Market on the London Stock Exchange: 100,000 shares at 40 pence TSX Venture Exchange: 100,000 shares at CAD$0.75 | ||||
| e) | Date of the transaction | November 4, 2025 | ||||
| f) | Place of the transaction | AIM Market on the London Stock Exchange and TSX Venture Exchange | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | ABCrescent Cooperatief U.A. is a PCA of Brice Laurent, Director of the Company | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Warrants over Common Shares | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Exercise of Warrants | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) CAD$0.36 15,500,000 | ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | November 5, 2025 | ||||
| f) | Place of the transaction | Outside a trading venue |
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