Highlights

  • ABCrescent exercises 15.5 million warrants, generating CAD5.58 million for Pulsar.
  • Shareholder disposes 200,000 shares across AIM and TSXV during market trading.
  • Total issued shares expected to reach 166.86 million following AIM admission.

Pulsar Helium Inc. (LSE:PLSR) announced that ABCrescent Cooperatief U.A. exercised all 15,500,000 of its share purchase warrants on November 5, 2025. The warrants were exercised at CAD 0.36 each, resulting in proceeds of CAD 5,580,000 to the company. The warrants were originally issued as part of a unit offering completed on January 17, 2024.

The exercise removes these warrants from the capital structure and adds the corresponding number of new common shares to the company’s issued equity base.

Share Disposal by ABCrescent-Managed Accounts

Pulsar reported that ABCrescent, acting on behalf of fully managed accounts, disposed of 200,000 common shares over November 4–5, 2025. The shares were sold at an average price of approximately 40 pence, or roughly CAD 0.75 per share. Total proceeds were about GBP81,700 from sales executed through the AIM Market and the TSX Venture Exchange.

Following the warrant exercise and the share disposals, ABCrescent now holds or controls 22,576,316 common shares. This represents approximately 13.53% of Pulsar’s issued and outstanding share capital.

In addition, Director Brice Laurent holds 450,000 stock options issued under the company’s shareholder-approved stock option plan and maintains a personal holding of 17,570 common shares.

Updated Share Capital

Application has been submitted to the London Stock Exchange for the admission of 15,500,000 new common shares arising from the warrant exercise. Admission is expected at 8:00 a.m. on or around November 12, 2025. The new shares will rank equally with existing common shares.

Upon admission, Pulsar will have 166,861,376 common shares in issue with voting rights. This figure serves as the reference point for shareholders assessing any required notifications under the company’s articles of association.

Overview of the Topaz Helium Project

Pulsar’s Topaz project in northern Minnesota continues under development, supported by exclusive leases and previous drilling at the Jetstream #1 and Jetstream #2 appraisal wells. Recent work has included flow-testing and laboratory analysis confirming measurable helium-3 concentrations. Upcoming drilling activity is expected to further assess the reservoir characteristics and project potential.

Share performance of PLSR

PLSR’s shares traded at GBX 40.50 per share on 06 November 2025, up by 1.25% from its previous close of GBX 40.00.