PULSAR HELIUM ANNOUNCES ACQUISITION OF MICHIGAN HELIUM EXPLORATION ASSETS-FOCUSED GAS EXPLORATION COMPANY
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF), a primary helium exploration and development company, is pleased to announce that it has acquired 100% of Hybrid Hydrogen Inc. (“Hybrid”) for total consideration of US$80,000 (the “Transaction”), superseding the all-share structure previously announced on October 27, 2025. Hybrid’s primary asset is an exclusive mineral rights option to lease covering approximately 5,742 gross acres in Michigan’s Upper Peninsula, targeting non-hydrocarbon gases (primarily helium). This strategic acquisition marks Pulsar’s first entry into Michigan, a jurisdiction with a well-established gas regulatory framework now being applied to helium exploration, and forms part of the Company’s broader initiative to expand its Upper Midwest footprint.
Highlights:
• Helium-Focused Land Package: Hybrid holds an exclusive option to lease for mineral rights for non-hydrocarbon gases in Michigan’s Upper Peninsula (~5,742 acres). These rights provide Pulsar with a foothold in a geologically prospective new region for helium exploration.
• Low-Cost Acquisition: The minimal cash outlay of US$80,000 allows Pulsar to expand its asset base without significantly impacting its treasury, ensuring the Company’s resources remain focused on the flagship Topaz helium project in Minnesota.
• Alignment with Growth Strategy: Expansion into Michigan aligns with Pulsar’s strategy of leveraging Topaz expertise into geologically similar regions, reinforcing the Company’s disciplined helium-focused growth trajectory.
Thomas Abraham-James, President & CEO of Pulsar, commented:
“This is a remarkably low-cost entry into Michigan that strengthens our helium exploration portfolio. The Michigan acreage is geologically analogous to our Topaz project, offering a technically familiar growth opportunity. For a modest price, we are expanding into an area where we can leverage our team’s existing expertise, all while staying true to our disciplined, helium-focused expansion strategy.”
Terms of the Transaction
Pulsar acquired all of the issued and outstanding shares of Hybrid from Hybrid’s shareholders for total cash consideration of US$80,000.The Transaction is an arm’s-length deal, involving no related parties.
Strategic Rationale for the Acquisition
The Michigan mineral rights are situated in a geologic setting analogous to Pulsar’s Topaz helium project in Minnesota. The acreage lies within an ancient sedimentary basin underlain by crystalline basement rocks, similar to the helium-producing Archaean basement at Topaz. Helium is generated from the decay of uranium and thorium in these basement granites, migrating upward into overlying porous sedimentary reservoirs where it can accumulate beneath impermeable seals.
Through its work at Topaz, Pulsar has developed strong expertise in identifying helium migration pathways, mapping subsurface structures, and recognizing key seals and traps for helium accumulation. Leveraging this experience, the Company sees a logical, lower-risk opportunity to discover additional helium resources in Michigan’s Upper Peninsula. The Board believes that expanding into geologically familiar regions such as Michigan is a prudent way to grow the portfolio while maintaining technical focus. Importantly, Pulsar emphasizes that it remains solely focused on helium exploration and is not pursuing hydrogen, consistent with its core objective of becoming a major helium producer.
About the Topaz Project
The Topaz Project is located in northern Minnesota, USA, where Pulsar is the first mover in helium exploration and holds exclusive leases over the project area. Topaz is a primary helium discovery that contains helium-4, helium-3 and CO2, not associated with primarily hydrocarbon production. Multiple wells drilled by Pulsar have confirmed a laterally extensive helium-rich gas reservoir beneath the project lands. Notably, two wells drilled at Topaz, both with high helium concentrations averaging 8.1% in Jetstream #1 and 5.6% in Jetstream #2, measured during flow-testing, and the presence of helium-3 (a rare and valuable isotope) has been confirmed in gas samples taken from Jetstream #1. These results appear to indicate a high-quality helium resource. The ongoing Jetstream multi-well appraisal program at Topaz is designed to map out the reservoir’s extent, pressure regime, and gas composition, which will inform resource estimation and development planning.
On behalf Pulsar Helium Inc.
“Thomas Abraham-James”
President, CEO and Director
Further Information:
Pulsar Helium Inc.
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
https://ca.linkedin.com/company/pulsar-helium-inc.
