Pulsar Helium Secures Potential Financing for Helium Plant

Pulsar Helium Inc. has received a non-binding expression of interest from University Bank, Michigan, for project financing up to US$12.5 million. The funding is earmarked for constructing a helium processing plant at its Topaz project in Minnesota, USA. University Bank is owned by University Bancorp, Inc., which holds about 4.9% of Pulsar's shares.

Additionally, University Bancorp, Inc. has extended the maturity date of an existing US$4 million credit line, with conditions including a 0.75% extension fee. The proposed financing involves interest-only payments for two years, followed by full amortization over five years. Conditions for closing include confirmation of helium reserves and obtaining necessary permits.