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 OF AMERICA, 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.
NEWS RELEASE | NOVEMBER 19, 2024 |
CASCAIS, PORTUGAL
PULSAR HELIUM TO PRESENT AT
THE SWISS MINING INSTITUTE ANNUAL CONFERENCE
Pulsar Helium Inc. (AIM: PLSR, TSXV:
PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), the helium project
development company, is pleased to announce that Thomas
Abraham-James, CEO and President of the Company, will be delivering
a presentation at the Swiss Mining Institute Annual Conference,
being held on 21 November 2024 at 15:00 CET, at The Dolder Grand,
Kurhausstrasse 65, 8032, Zurich, Switzerland.
The presentation will outline
Pulsar's investment case, emphasising how newly acquired seismic
data has enhanced the geological model of the Company's flagship
Topaz helium project in Minnesota ("Topaz").
INVESTMENT CASE HIGHLIGHTS
•
In Q4 2024, and as announced 4 November 2024, Pulsar will
deepen the Jetstream #1 appraisal well at Topaz. In February 2024,
Pulsar drilled Jetstream #1 to a total depth of 2,200 feet (671
metres) only tagging the uppermost section of the helium bearing
zone. This next phase will drill 1,640 feet (500 metres) deeper
into the high-concentration helium bearing zone to fully assess the
reservoir's full potential.
• This
follows results announced by the Company on 6 June 2024 , which
identified helium concentrations of up to 14.5%, significantly
exceeding the 0.3% widely accepted economic threshold for
commercial viability and strong flow rates.
•
Independent verified resource evaluations estimate recoverable
prospective resources of up to 2.8 billion cubic feet
("Bcf") of helium (gross,
P10), and 21.3 Bcf of CO2 (gross, P10). The evaluation covers just
13% of the Company's gross land position and highlights the
potential for further resource expansion. Further information on
the Company's resource position, including net figures, is
available in the Company's AIM Admission Document.
•
Amid ongoing supply constraints, demand for helium continues
to grow due to its critical role in advancing technology. With
mineral security now a top priority for G7 economies, identifying
and developing new primary helium sources in stable jurisdictions -
ensuring risk-free extraction throughout the reservoir's lifespan -
has become increasingly important.
SWISS MINING INSTITUTE
The Swiss Mining Institute
("SMI") is owned by Bally
Capital Advisors SA ("Bally
Capital Advisors"), a Swiss based Asset management company
founded in 2003. Bally Capital Advisors is a member of the Swiss
Association of Asset Managers and Groupement Patronal des Gérants
de Patrimoines.
The SMI presents two major annual
investment conferences per year in Switzerland, and participation
in these private events are by invitation only. Each conference
provides top quality, independent perspectives from experts within
the resources sector, together with presentations from over 100
selected mining companies. Furthermore, SMI invites 1000+ selected
Asset Managers, Portfolio Managers, Fund Managers, and other
Professional Investors from all over the world.
Further Information:
Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310
Strand Hanson Limited
(Nominated & Financial Adviser
and Joint Broker)
Ritchie Balmer / Rob Patrick /
Richard Johnson
+44 (0) 207 409 3494
OAK
Securities*
(Joint Broker)
Jerry Keen (Corporate Broking) /
Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate
Advisory)
info@OAK-securities.com
+44 203 973 3678
BlytheRay Ltd
(Financial PR)
Megan Ray / Said Izagaren
+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin Partners LLP, a
firm incorporated in the United Kingdom and regulated by the UK
Financial Conduct Authority.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly
traded company listed on the AIM market of the London Stock
Exchange and the TSX Venture Exchange with the ticker PLSR, as well
as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists
of its flagship Topaz helium project in Minnesota, USA, and the
Tunu helium project in Greenland. Pulsar is the first mover in both
locations with primary helium occurrences not associated with the
production of hydrocarbons identified at each.
For
further information visit:
https://pulsarhelium.com
X https://x.com/pulsarhelium
LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc
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.
Forward-Looking Statements
This news release and the interview
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 of
future events. Any statements that express, or involve discussions
as to, expectations, beliefs, plans, objectives, assumptions or
future events or performance (often, but not always, through the
use of words or phrases such as "will likely result", "are expected
to", "expects", "will continue", "is anticipated", "anticipates",
"believes", "estimated", "intends", "plans", "forecast",
"projection", "strategy", "objective" 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 independent resource estimate for helium
and CO2 at Topaz and Topaz's potential; the plan to deepen the
Jetstream #1 appraisal well and the expected timing to complete
drilling; and the potential for further resource expansion at
Topaz. Forward-looking statements may involve estimates and are
based upon assumptions made by management of the Company,
including, but not limited to, the Company's capital cost
estimates, management's expectations regarding the availability of
capital to fund the Company's future capital and operating
requirements and the ability to obtain all requisite regulatory
approvals.
No reserves have been assigned in
connection with the Company's property interests to date, given
their early stage of development. The future value of the Company
is therefore dependent on the success or otherwise of its
activities, which are principally directed toward the future
exploration, appraisal and development of its assets, and potential
acquisition of property interests in the future. Un-risked
Contingent and Prospective Helium Volumes have been defined at
Topaz. However, estimating helium volumes is subject to significant
uncertainties associated with technical data and the interpretation
of that data, future commodity prices, and development and
operating costs. There can be no guarantee that the Company will
successfully convert its helium volume to reserves and produce that
estimated volume. Estimates may alter significantly or become more
uncertain when new information becomes available due to for
example, additional drilling or production tests over the life of
field. As estimates change, development and production plans may
also vary. Downward revision of helium volume estimates may
adversely affect the Company's operational or financial
performance.
Helium volume estimates are
expressions of judgement based on knowledge, experience and
industry practice. These estimates are imprecise and depend to some
extent on interpretations, which may ultimately prove to be
inaccurate and require adjustment or, even if valid when originally
calculated, may alter significantly when new information or
techniques become available. As further information becomes
available through additional drilling and analysis the estimates
are likely to change. Any adjustments to volume could affect the
Company's exploration and development plans which may, in turn,
affect the Company's performance. The process of estimating helium
resources is complex and requires significant decisions and
assumptions to be made in evaluating the reliability of available
geological, geophysical, engineering, and economic date 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 that are disclosed in 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; the
uncertainty of resource estimation; operational risks in conducting
exploration, including that drill costs may be higher than
estimates and the potential for delays in the commencement of
drilling; commodity prices; health, safety and environmental
factors; and other factors set forth above as well as under
"Cautionary Note Regarding Forward Looking Statements and Market
and Industry Data" and "Risk Factors" in the Final Prospectus dated
July 31, 2023 filed on the Company's profile on www.sedarplus.ca.
Forward-looking statements contained in this news release are as of
the date of this news 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 emerge from time to
time, and it is not possible for the Company to predict all of them
or assess 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 the forward-looking statements
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 news release and
interview are expressly qualified in their entirety by this
cautionary statement.