CASCAIS, PORTUGAL / ACCESSWIRE / November 19, 2024 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLS)(OTCQB:PSRHF) ("Pulsar" or the "Company"), the helium project development company, is pleased to announce that Thomas Abraham-James, CEO and President of the Company, will be delivering a presentation at the Swiss Mining Institute Annual Conference, being held on 21 November 2024 at 15:00 CET, at The Dolder Grand, Kurhausstrasse 65, 8032, Zurich, Switzerland.
The presentation will outline Pulsar's investment case, emphasising how newly acquired seismic data has enhanced the geological model of the Company's flagship Topaz helium project in Minnesota ("Topaz").
INVESTMENT CASE HIGHLIGHTS
In Q4 2024, and as announced 4 November 2024, Pulsar will deepen the Jetstream #1 appraisal well at Topaz. In February 2024, Pulsar drilled Jetstream #1 to a total depth of 2,200 feet (671 metres) only tagging the uppermost section of the helium bearing zone. This next phase will drill 1,640 feet (500 metres) deeper into the high-concentration helium bearing zone to fully assess the reservoir's full potential.
This follows results announced by the Company on 6 June 2024 , which identified helium concentrations of up to 14.5%, significantly exceeding the 0.3% widely accepted economic threshold for commercial viability and strong flow rates.
Independent verified resource evaluations estimate recoverable prospective resources of up to 2.8 billion cubic feet ("Bcf") of helium (gross, P10), and 21.3 Bcf of CO2 (gross, P10). The evaluation covers just 13% of the Company's gross land position and highlights the potential for further resource expansion. Further information on the Company's resource position, including net figures, is available in the Company's AIM Admission Document.
Amid ongoing supply constraints, demand for helium continues to grow due to its critical role in advancing technology. With mineral security now a top priority for G7 economies, identifying and developing new primary helium sources in stable jurisdictions - ensuring risk-free extraction throughout the reservoir's lifespan - has become increasingly important.
SWISS MINING INSTITUTE The Swiss Mining Institute ("SMI") is owned by Bally Capital Advisors SA ("Bally Capital Advisors"), a Swiss based Asset management company founded in 2003. Bally Capital Advisors is a member of the Swiss Association of Asset Managers and Groupement Patronal des Gérants de Patrimoines.
The SMI presents two major annual investment conferences per year in Switzerland, and participation in these private events are by invitation only. Each conference provides top quality, independent perspectives from experts within the resources sector, together with presentations from over 100 selected mining companies. Furthermore, SMI invites 1000+ selected Asset Managers, Portfolio Managers, Fund Managers, and other Professional Investors from all over the world.
*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority.
About Pulsar Helium Inc. Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the independent resource estimate for helium and CO2 at Topaz and Topaz's potential; the plan to deepen the Jetstream #1 appraisal well and the expected timing to complete drilling; and the potential for further resource expansion at Topaz. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals.
No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at Topaz. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.
Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.
Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates and the potential for delays in the commencement of drilling; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward-Looking Statements and Market and Industry Data" and "Risk Factors" in the Final Prospectus dated July 31, 2023 filed on the Company's profile on www.sedarplus.ca. Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release and interview are expressly qualified in their entirety by this cautionary statement.
