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Pulsar Helium to IPO in 2023 Instead of RTO with Orsu Metals

Pulsar Helium Inc is now seeking a listing on the Canadian TSXV via IPO, after terminating the proposed reverse takeover (RTO) into Orsu Metals Corp. Pulsar’s main asset is the Topaz Helium Project in Minnesota that has been drilled and recorded 10.5% helium content. More information on Pulsar can be found on their website

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Helium One ended 2022 with a net cash balance of US$13.7mm, providing ample cash for its upcoming drilling campaign. In H2'22, cash outflow from operations was US$1.6mm and capital expenditure US$1.5m

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