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Pulsar Helium Reports Q1'24 Results

Pulsar Helium released its Q1'24 results reporting a net loss of US$18.9mm, cash balance of US$2.4mm, and total assets of US$2.9mm. The Company had 18.4mm in-the-money share purchase warrants exercisable at C$0.36 and 9.2mm at a price of C$0.45 that if exercised would generate proceeds of C$10.8mm for the Company. Exploration and evaluation expenses for Jetstream #1 were C$3.5mm for the six months to March 2024. The company is advancing its Topaz project in Minnesota where it has discovered one of the highest levels of helium globally (13.8%).

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