Tim speaks for the first time on the show with Tom Abraham-James, President & CEO of Pulsar Helium. Pulsar Helium has assets in Minnesota and Greenland, and is listed on the Toronto Exchange and OTC Exchange in North America.
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), the helium project development company, is pleased to announce that its common shares will commence trading today, 18 October 2024, on the AIM market of the London Stock Exchange plc (“AIM”) (the “Admission”).
The Admission follows the successful completion of the fundraising of £3.875 million (C$7 million) (before expenses) (the “Fundraising”), as announced on 15 October 2024. Total gross funds raised by the Company pursuant to the Fundraising and the £1.125 million pre-IPO cornerstone investment as first announced on 21 August 2024, therefore amount to £5 million.
Dealings in Pulsar’s common shares of no par value (“Common Shares”) on AIM will commence at 08:00 a.m. today under the TIDM “PLSR” and ISIN code CA7459321039.
The Company’s Common Shares will continue to be listed and traded on the TSX Venture Exchange (“TSX-V”) in Canada and the OTCQB Venture Market in the United States.
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.”
