On August 15, 2023, Pulsar Helium Inc. (“Pulsar Helium” or the “Company”) announced that it had completed its initial public offering (“IPO”) in which it distributed 10,295,858 units (“Units”) of the Company at a price of $0.30 per Unit for aggregate gross proceeds of $3,088,757.40 pursuant to the Company’s final prospectus dated July 31, 2023. Each Unit consists of one common share and one transferable common share purchase warrant of the Company, with warrants exercisable at a price of $0.45 for 24 months, subject to acceleration under certain conditions. The IPO was conducted by Haywood Securities Inc. as sole agent. The Company’s common shares were listed on the TSX Venture Exchange (“TSXV”) at market open on August 15, 2023.

Helium exploration and development is a nascent industry, brought into existence by a sudden and significant supply deficit that has persisted for over a decade and shows no sign of ending. Pulsar Helium plans to develop its helium assets, with the objective of bringing stability via sustainable supply that is not associated with hydrocarbon production. Pulsar Helium’s assets include the flagship Topaz project in the USA with a helium content of 10.5%. Efforts are focused on fast-tracking activities at Topaz to realize its potential. Helium uses are abundant, the most significant being in superconducting magnets, semiconductor manufacturing, and as a pressuring agent in the fuel tanks of spacecraft.

Further details regarding Pulsar Helium and the IPO can be found on Pulsar Helium’s website. Pulsar Helium trades under the symbol “PLSR” on the TSX Venture Exchange.