This page is published in accordance with AIM Rule 26 and was last updated on 15 October 2024

Company Information

Description of business, country of incorporation, and main country of operation

Pulsar Helium, incorporated in British Columbia, Canada, is a leading primary helium exploration and development company, with its flagship appraisal-stage Topaz Project located in Minnesota, USA, and its exploration-stage Tunu Project located in Greenland. The Company’s shares are listed/quoted in Canada, the United Kingdom, and the USA (TSXV:PLSR) (AIM:PLSR) (OTCQB: PSRHF).

Pulsar Helium’s flagship Topaz Project, is a primary helium discovery in a new helium province where Pulsar has first mover advantage. The completed Jetstream #1 appraisal well, drilled in February 2024, flowed high concentration helium at up to 14.5%. For reference, grades of c. 0.3% are often considered economically viable. The Company’s strategy is focused on accelerating activity at the Topaz Project, with the earliest potential first production being targeted for late 2025/H1 2026.

Pulsar is also the first mover exploring for helium in Greenland, where it has the 100% owned Tunu Project, one of the rare primary helium occurrences identified in Europe.

Pulsar was founded in 2021 as a resource company dedicated to the discovery and development of primary helium projects. Its vision is to establish the Company as an industry leader in bringing stability to the global helium market through the identification and advancement of projects in new helium districts in stable jurisdictions. Its team has decades of helium industry experience, which is being utilised to manage the development of its portfolio and drive value for the benefit of all stakeholders.

Directors’ Names and Biographies

Directors and Management

Advisers

Advisers

Corporate Governance

Governance

Documents and Announcements

Constitutional Documents

Pulsar Articles PDF Format (opens in new window)

Directors’ Responsibilities and Committees

Governance

Financial Reports and Associated Documents

Financials

Circulars

AGM Materials

Admission Document

Admission Document PDF Format (opens in new window)

Company Announcements

News

Rule 17 of the AIM Rules

When acquiring shares in the Company, Shareholders are entitled under Canadian securities laws to categorise themselves as “objecting” (“OBOs”) or “non-objecting” (“NOBOs”). By registering as such, which they usually do through the entity through which they acquired their shares, OBOs are noting that they object to their interest and their details being disclosed to the Company, in respect of interests up to 10% of the issued share capital of the Company after which level Canadian securities law makes disclosure mandatory. NOBOs on the other hand are noting the fact that they do not object to their shareholdings and their details being disclosed to the Company.

Rule 17 of the AIM Rules requires, inter alia, that an AIM quoted company must notify the market of any changes of which it is aware to its shareholders’ interests in 3% or more of the Common Shares and changes thereto (of any movements through a percentage point upwards or downwards).

In conjunction with Pulsar’s admission to AIM, the Company amended its Articles so they, to the extent possible, mirror the requirements of DTR 5, so as to enable the Board to request information from shareholders in order to comply with the disclosure obligations under AIM Rule 17 and further disclosure requirements of certain transactions involving shares or “significant shareholders” (that is shareholders with 3% or more) to disclose to the Company their beneficial ownership of the Common Shares.

Number of Securities in Issue and Shareholder Information

Stock Info

Rights of Shareholders

As the Company is incorporated in Canada, shareholders’ rights may be different to rights of shareholders in a UK incorporated company.

Details of any other exchanges or trading platforms

Pulsar’s shares are listed on the Venture Exchange of the Toronto Stock Exchange (TSX-V:PLSR) and depositary interests in the shares are admitted to trading on the Venture Market of OTC Markets Group (OTCQB:PSRHF) and on the AIM Market of the London Stock Exchange (AIM:PLSR).

Details of any restrictions on the transfer of securities

There are no restrictions on the free transferability of the Company's AIM securities, save that the new common shares issued in connection with Pulsar’s fundraise and admission to trading on AIM may not be sold, transferred, hypothecated or otherwise traded on or through the facilities of the TSX-V or otherwise in Canada or to or for the benefit of a Canadian Resident for four months plus one day from the date of admission to AIM.

Takeover Code

The Company is incorporated in Canada, and, accordingly, transactions in Common Shares in the Company will not be subject to the UK Takeover Code. As a result, Shareholders will not be afforded the protections of the UK Takeover Code. However, Canadian laws applicable to the Company provide for early warning disclosure requirements in relation to potential takeover bids.