It was an excellent first day of dealings for Pulsar Helium (PLSR), the helium project development company. The shares were up 10% on their 25p IPO, and after that, it had £5m in gross funds to develop its flagship Topaz project.
Thomas Abraham-James, CEO of Pulsar Helium, discussing the company’s debut on the London Stock Exchange’s AIM market. Pulsar Helium, a Canadian helium exploration company, chose London for its listing due to strong interest from European investors and the strategic advantage of dual-listing in Canada and London. The company aims to address the global helium shortage, which has resulted in high prices and supply instability over the past decade.
Helium is critical for various industries, including semiconductors, MRI scanners, fiber optics, and space exploration, beyond its common association with party balloons. The interview highlights the impact of geopolitical factors like the war in Ukraine on helium supply, particularly with sanctions on Russia. Pulsar Helium’s main project is in the U.S., the largest helium market, with a focus on primary helium production rather than as a byproduct of natural gas.
Thomas Abraham-James, President & CEO of Pulsar, commented:
“We are excited to announce our first day of dealings on the AIM market, a significant milestone for Pulsar that opens new avenues for growth and investment. This listing offers UK investors the opportunity to be part of Pulsar’s journey as we aim to become a strategic supplier of green helium, a resource that is increasingly vital for the technologies of today and tomorrow.
Our recent fundraising, which was oversubscribed by more than 50%, is a testament to the strong support and confidence in our vision and our flagship Topaz project. The Topaz project has yielded very high helium concentrations by global standards, far exceeding the economic viability threshold, and positions us at the forefront of primary helium discovery and development.
The funds raised will enable us to accelerate our exploration and development activities at Topaz, allowing us to unlock its considerable size and potential, while also advancing our Tunu project in Greenland, which holds significant promise as one of Europe’s few primary helium occurrences.
Helium plays a crucial role in various technology-driven sectors and as the global helium market faces increasing supply constraints, our commitment to sustainable extraction practices positions us to meet the growing demand for this critical resource in a way that is mindful to the planet.
We look forward to providing updates on the continued progress of our projects and our strategic initiatives as we look to continue the delivery of value to all our stakeholders.”
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 and 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.
