Pulsar Helium Provides Update on Timetable for Definitive Agreement for Helium Liquefaction Plant


This news release 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 expectation of entering into the Definitive Agreement and completion of the same; the proposed equipment package; the anticipated impact of the acquisition of the plant pursuant to the Definitive Agreement, including such acquisition being a transformational milestone in Pulsar’s plan to advance its flagship Topaz helium project from discovery and appraisal into production, processing and liquefaction; and meaningfully de-risking the path to first production by securing the critical midstream infrastructure required to process, purify and liquefy helium; the facility providing a strategically important domestic source of liquid helium, with potential future production from Topaz supplemented by gas processing revenues from third-party gas streams, which features could materially improve the project’s financing profile and support funding on more favorable terms than would likely be available for a longer-dated new-build processing solution; the plant, if acquired, forming the cornerstone asset in Pulsar’s transition toward commercial production and a scalable rare gases platform in the United States; advancing the Topaz Project towards first production; the expected results of the new Minesota helium legislation; the expectation that the results of the 2D seismic survey and airborne gravity gradiometry will enhance the Company’s understanding of the reservoir system and inform well targeting for the forthcoming production-ready drill program; the expected drilling of up to four new production wells, the increased confidence in the scale and quality of the Topaz Project and the results of operations. 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; the ability to obtain all requisite regulatory approvals; and that the State of Minnesota will complete the requisite rulemaking, environmental review, permitting requirements and implementation steps to allow for commercial production.



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