Pulsar Helium Reports First Quarter Financial and Operational Results

Pulsar Helium Inc. has disclosed its financial and operational outcomes for the quarter ending December 31, 2024. The company is progressing with its helium project developments in the US, marked by significant operational advancements in two key appraisal wells, Jetstream #1 and Jetstream #2. The Jetstream #1 well was deepened successfully, reaching a depth of 5,100 feet with initial helium zones confirmed. Jetstream #2 was also completed, marking new strides in their exploration efforts.

Financially, the company reported a loss of $3,748,175, a substantial rise from the previous year's $1,165,924 loss. Part of this increase is due to higher consulting and director fees following mid-2024 adjustments. Additionally, significant funds are allocated to exploration and evaluation expenditures as the company prepares for further development at its Topaz project.

The company has made strides in expanding its financial base, raising $2 million through a private placement and planning another round to enhance working capital. Pulsar's dual listing on the AIM market of the London Stock Exchange in October 2024 further bolsters its financial strategy, propelling it towards its goal of becoming a prominent helium supplier.