Pulsar Helium Inc. has announced a proposed fundraise of approximately US$20 million through a placing and subscription, alongside a separate retail offer of up to US$1.5 million, to accelerate its pathway to first helium production at the Topaz Project in Minnesota. The placing and subscription will be conducted at a fixed price of 75 pence per new common share, with the placing managed by Canaccord Genuity as sole bookrunner. Proceeds are intended to fund the drilling of six additional wells at Topaz, purchase of long-lead production items, and land permitting and technical reports. The company also recently entered a binding letter agreement to reserve a helium liquefaction plant for potential deployment in Minnesota, which it believes will strengthen its route-to-market strategy and create opportunities for earlier third-party gas processing revenue. Pulsar targets first helium production in the fourth quarter of 2027, with the fundraise expected to close and shares admitted to trading on AIM and the TSX Venture Exchange around 13 July 2026.
Pulsar Helium Inc.Company announces US$20M fundraise to accelerate Topaz production, with proceeds for drilling and production items.
ServiceNow IncCanaccord Genuity is sole bookrunner for the placing, generating fee income.