Pulsar Helium Inc. Market Research Report

Background

Company Overview

Pulsar Helium Inc. is a resource company dedicated to the discovery and development of primary helium projects. Established in 2021, the company is headquartered in Cascais, Portugal. Pulsar Helium is publicly traded on the AIM market of the London Stock Exchange under the ticker symbol PLSR, and also listed on the TSX Venture Exchange and OTCQB.

Mission and Vision

Pulsar Helium's mission is to address the global helium supply deficit by identifying and developing sustainable and reliable sources of primary helium. The company aims to leverage its expertise to advance development plans for its flagship projects and to apply its geological model to identify additional high-grade helium ventures in politically stable jurisdictions.

Primary Area of Focus

The company's primary focus is on the exploration and development of primary helium resources, particularly in the United States and Greenland. Pulsar Helium is committed to adhering to its Environmental, Social, and Governance (ESG) policy, ensuring that resource development is conducted to the highest standards according to internationally recognized guidelines.

Industry Significance

Helium is an inert, non-toxic, non-flammable, odorless, and colorless gas that is essential in various technologies, including medical imaging, aerospace, and scientific research. The global helium supply has been facing a deficit due to increasing demand and limited sources, making the development of primary helium projects crucial for meeting future needs.

Key Strategic Focus

Core Objectives

• Advance the development of the Topaz Project in Minnesota, USA, and the Tunu Project in Greenland, aiming to bring both into production.

• Utilize the team's proven geological model to identify additional primary helium projects with high grades, strong economic potential, and in politically stable jurisdictions.

Specific Areas of Specialization

• Primary helium exploration and development.

• Application of advanced geological models to identify and assess helium-rich reservoirs.

Key Technologies Utilized

• Conventional drilling techniques without hydraulic fracturing (fracking).

• Advanced seismic data acquisition and interpretation methods.

Primary Markets or Conditions Targeted

• Geologically prospective regions with high helium concentrations.

• Politically stable jurisdictions conducive to resource development.

Financials and Funding

Funding History

Pulsar Helium has undertaken several funding rounds to support its exploration and development activities:

• October 2024: The company commenced trading on the AIM market of the London Stock Exchange and completed a fundraising through the issuance of 15,500,000 common shares at a price of £0.25 per share, raising gross proceeds of approximately $5 million.

• January and March 2025: Completed a brokered private placement, issuing 6,388,154 common shares at a purchase price of $0.38 per share, totaling gross proceeds of approximately $2.4 million.

• August 2025: Closed a private placement, issuing 16,174,338 common shares at a price of £0.23 per share, raising gross proceeds of approximately $5 million.

Total Funds Raised

As of January 29, 2026, the company has raised a total of approximately $12.4 million through various funding rounds.

Notable Investors

University Bancorp Inc., the company's shareholder and principal lender, participated in the August 2025 offering, increasing its interest to 4.99% of Pulsar's enlarged share capital.

Intended Utilization of Capital

The net proceeds from these offerings are intended to advance Pulsar's flagship Topaz helium project in Minnesota, USA, and for general working capital purposes. Specifically, the company plans to drill up to 10 new appraisal wells to further define the size and shape of the helium-bearing reservoir.

Pipeline Development

Key Pipeline Candidates

• Topaz Project (Minnesota, USA): Pulsar's flagship project, covering an area of 3,132 acres, is focused on the exploration and development of primary helium resources.

• Tunu Project (Greenland): A helium exploration project in Greenland, representing the company's first venture in the region.

Stages of Clinical Trials or Product Development

As a resource exploration company, Pulsar Helium is not involved in clinical trials or product development but focuses on the exploration and development of helium resources.

Target Conditions

The company's projects target the extraction of primary helium from geological formations, aiming to address the global helium supply deficit.

Relevant Timelines for Anticipated Milestones

• October 2025: Initiated a drilling program to drill up to ten wells at the Topaz Project to delineate the extent and productivity of the helium reservoir.

• January 2026: Two U.S. Federal laboratories independently confirmed the presence of helium-3 isotope in the gas from the Topaz Project.

Technological Platform and Innovation

Proprietary Technologies

Pulsar Helium employs conventional drilling techniques without hydraulic fracturing (fracking) to extract helium, adhering to its defined Environmental, Social, and Governance (ESG) policy.

Significant Scientific Methods

• Seismic Data Acquisition and Interpretation: Utilizing advanced seismic data to inform drilling decisions and enhance the understanding of subsurface structures.

• Geological Modeling: Applying proven geological models to identify and assess helium-rich reservoirs in prospective regions.

Leadership Team

Key Executives

• Thomas Harvey Abraham-James B.Sc., M.A.I.C.D.: Co-Founder, President, Chief Executive Officer, and Director.

• Neil Lindsey Herbert FCCA: Co-Founder and Executive Chairman.

• Daniel O'Brien CA, CPA: Chief Financial Officer and Director.

• Joshua Bluett: Technical Manager and Co-founder.

• Michael Sturdy: General Manager of Operations.

• Ben Meyer C.A., CPA: Company Secretary.

Leadership Changes

As of the latest available information, there have been no significant changes or appointments within the company's leadership.

Competitor Profile

Market Insights and Dynamics

The global helium market is experiencing a supply deficit due to increasing demand across various sectors, including medical imaging, aerospace, and scientific research. This shortage has led to higher prices and intensified competition among companies involved in helium exploration and production.

Competitor Analysis

• Royal Helium Ltd.: A Canadian company focused on developing primary helium resources in Saskatchewan, Canada. Royal Helium has a larger land package and is further along in its development timeline compared to Pulsar Helium.

• Helium One Global Ltd.: A UK-based company exploring helium resources in Tanzania and other regions. Helium One Global is targeting large-scale helium discoveries but is at an earlier stage of development compared to Pulsar Helium.

• Desert Mountain Energy Corp.: A U.S.-based company focused on helium exploration in Arizona and New Mexico. Desert Mountain Energy is actively drilling and has reported helium discoveries, positioning itself as a competitor in the U.S. market.

Strategic Collaborations and Partnerships

Pulsar Helium has engaged in strategic collaborations to enhance its market position:

• University Bancorp Inc.