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Pulsar Helium Inc - US and Greenland-focused helium company - Raises gross proceeds of approximately £7.4 million through a placing, announced on Thursday, of 9.2 million shares at 80p each. Says it will use the net proceeds to advance its flagship Topaz helium project in Minnesota, progress the Falcon Project in Michigan, and for general working capital. Plans at Topaz to conduct extended well testing and reservoir evaluation, and an additional seismic survey to enhance structural interpretation and reservoir modelling; to consolidate and expand its mineral and leasehold interests; to update the independent resource estimate; and to complete a pre-feasibility study for integrated helium and carbon dioxide production. Pulsar Helium also noted on Thursday that six appraisal wells, all intersecting pressurised gas, have been drilled at Topaz, ‘representing a 100% success rate to date and supporting the geological model for the project’. Says exploration and appraisal work to date has identified concentrations of rare isotope helium-3, which has ‘strategic applications in national security, quantum computing and advanced energy technologies, providing additional potential upside.’ Current stock price: 81.98 pence, down 13% in London on Friday afternoon 12-month change: near-tripled from 27.80p Copyright 2026 Alliance News Ltd. All Rights Reserved.
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