Summary
Pulsar Helium shares slide 14% after major shareholder trims stake
Pulsar Helium Inc (AIM:PLSR, TSX-V:PLSR, OTCQB:PSRHF) shares tumbled 14% to 38.9p on Tuesday after a large block of stock was sold by a company linked to one of its directors. The helium exploration group said ABCrescent Cooperatief U.A.
Pulsar Helium shares rise as lab confirms "remarkable" helium-3 discovery
Pulsar Helium Inc (AIM:PLSR, TSX-V:PLSR, OTCQB:PSRHF) shares were up 23% in Wednesday's trade, after it reported the discovery of helium-3 (a rarer form of the gas) at its Topaz project in Minnesota, USA. The London-listed small-cap said 'the discovery' was made in the lab, with analysis examining samples from the Jetstream #1 well.
Pulsar Helium inks asset acquisition agreement to massively expand Minnesota footprint
Pulsar Helium Inc (AIM:PLSR, TSX-V:PLSR, OTCQB:PSRHF) announced the signing of an agreement to acquire Quantum Hydrogen Inc, which holds rights to 59,100 acres in Minnesota west of the firm's Topaz helium project. The agreement, currently a non-binding term sheet, would increase Pulsar's land position in Minnesota by about 1,000%, and, Pulsar noted that the acreage is considered prospective for helium and hydrogen, and has geological similarities to Topa "The proposed transaction is a fortuitous opportunity to obtain additional non-hydrocarbon gas leases in Minnesota, complementing Pulsar's existing portfolio," said chief executive Thomas Abraham-James.
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Pulsar Helium Inc. Profile
| Energy Equipment & Services Industry | Energy Sector | Thomas Harvey Abraham-James CEO | OTC PINK Exchange | 745932103 CUSIP |
| PT Country | 49 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Pulsar Helium Inc. specializes in the acquisition, exploration, and development of helium properties primarily in the United States and Greenland. Initially known as Pulsar Holdings Inc., the company underwent a rebranding to Pulsar Helium Inc. in October 2022, aligning its name more closely with its core business focus. Since its inception in 2022, Pulsar Helium Inc. has embarked on its mission from its headquarters in White Rock, Canada. The company proudly highlights its flagship Topaz Project, which spans over 3,132 acres in Lake County, Minnesota, signifying its significant commitment to the helium exploration and development sector.
Products and Services
- Helium Exploration & Development
- Acquisition of Helium Properties
At the core of Pulsar Helium Inc.'s operations is the exploration and development of helium-rich terrains. Equipped with a keen understanding of helium’s critical role in various high-tech, medical, and industrial applications, the company meticulously scouts and develops sites with potential high yields of helium. Their efforts are mainly concentrated on their Topaz Project, showcasing an expansive endeavor to secure helium resources.
In addition to its exploration activities, Pulsar Helium Inc. actively engages in the acquisition of promising helium properties. By expanding its portfolio within the United States and Greenland, the company leverages geological research and data analysis to identify areas rich in helium. This strategic approach enables Pulsar Helium Inc. not only to diversify its operational base but also to increase its potential helium output.
