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Pulsar Helium Releases First Full Year Results Post-IPO

Pulsar Helium has released its first annual results, ending Sep'23, post IPO. Pulsar's progress on the Topaz project in Minnesota was delayed in Nov'23 due to a pre-agreed extension option exercised by its current client. The drilling is now set for early-Feb'24. Additionally, the company received an approval to expand its acreage on the Tunu project in Greenland to 700k acres. For the year ended Sep'23, Pulsar incurred a net loss of C2.3mm and total assets of C$1.6mm. The company raised C$3mm via its IPO and ended the year with a cash balance of C$1.2mm.

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