{"success":true,"data":{"pressRelease":{"id":"4000","rtpr_id":"nGNX446DPS","ticker":"PLSR","exchange":"","all_tickers":["PLSR"],"title":"Pulsar Helium Secures District-Scale Helium Exploration  Option Across 488,090 Acres in Michigan's Upper Peninsula","author":"Globe Newswire","published_at":"2026-04-22T06:00:00.195Z","article_body":"CASCAIS, Portugal, April 22, 2026 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM:\nPLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a primary\nhelium company, is pleased to announce that its wholly owned subsidiary,\nPulsar Helium (MI) Inc. (“Pulsar Michigan”), has entered into an exclusive\nOption to Lease Non-Hydrocarbon Gas Agreement (the “Option” or\n\"Agreement\") with Keweenaw Land Association, Ltd. (\"KLA\") covering\napproximately 488,090 gross acres of mineral rights in Michigan's Upper\nPeninsula.\n\nThe Agreement, together with the 5,742 gross acres previously acquired through\nthe Company's acquisition of Pulsar Michigan (formerly Hybrid Hydrogen Inc.)\nas announced January 5, 2026, establishes the Company’s potential footprint\nin Michigan. These acreas in Michigan are now known as the Falcon Project.\n\nHighlights:\n* Exclusive three-year exploration option commencing March 31, 2026, covering\napproximately 488,090 gross acres of KLA's mineral rights in Michigan's Upper\nPeninsula.\n* Option covers non-hydrocarbon gases including helium-4, helium-3, carbon\ndioxide, and hydrogen, providing exposure to district-scale geological\npotential across the KLA land position.\n* The Agreement contains a staged acreage surrender schedule, allowing Pulsar\nto refine its exploration focus across the 488,090 acres over the three-year\nterm and thereby reduce its retained acreage, with a final development\nleasehold of up to 20,000 net acres selectable at Option exercise.\n* Upon any such exercise of the Option, the Company and KLA would enter into a\ndefinitive Non-Hydrocarbon Gas Lease with established commercial terms\nincluding proceeds distributed as royalty revenue payable to KLA.\n* Defined exploration expenditure commitment over the Option period, covering\ngeochemical sampling, geophysical surveys, geological studies, and exploratory\ndrilling.\nThomas Abraham-James, CEO of Pulsar, commented:\n\n\"This agreement with Keweenaw Land Association marks a transformative step for\nPulsar and for our Falcon Project in Michigan. The scale of this optioned land\nposition, nearly half a million acres of exclusive helium exploration rights,\nis exceptional and reflects the quality of KLA as a partner and the strength\nof the geological thesis we have developed for the Upper Peninsula.\n\n“Our work at the Topaz Project in Minnesota has demonstrated that primary\nhelium systems can be discovered and confirmed with a disciplined, technically\nrigorous approach, and we intend to bring exactly that same methodology to\nFalcon. Michigan's Precambrian basement geology is highly prospective, and the\nregion has not seen any activity for primary helium exploration. We have\nassembled a district-scale position that gives us the flexibility to evaluate\na very large geological system before high-grading our focus to the most\ncompelling targets. We are excited about what lies ahead in Michigan.\"\n\nThe Falcon Project\n\nThe Falcon Project consolidates all of Pulsar's Michigan helium interests\nunder a single programme. The 5,742 gross acres previously acquired have been\nincorporated into the broader Falcon Project alongside the new KLA Option\nacreage. Together, these interests provide Pulsar with one of the largest\npotential non-hydrocarbon gas exploration footprints in the Upper Midwest.\n\nMichigan's Upper Peninsula shares key geological characteristics with\nhelium-bearing systems identified elsewhere in the North American craton,\nincluding the ancient Precambrian basement rocks that are understood to be a\nprimary source of primordial helium accumulations. Pulsar's operational\nexperience at the Topaz Project in Minnesota where the Company has achieved a\n100% technical well success rate and confirmed high-grade helium\nconcentrations including rare helium-3, provides a strong foundation for\nevaluating the helium potential of Michigan's Upper Peninsula. The geological\nsetting of the Upper Peninsula, characterised by similar ancient basement\ngeology and structural architecture, offers compelling analogues for primary\nhelium accumulation.\n\nAdditional Information\n\nThe Option enables Pulsar Michigan to undertake exploration work for\nnon-hydrocarbon gases, including helium-4, helium-3, carbon dioxide, and\nhydrogen, on 488,090 gross acres, with the exclusive option to enter into a\nformal Non-Hydrocarbon Gas Lease agreement at any time during the three-year\nterm. Pulsar Michigan shall undertake exploration work amounting to at least\nUS$1.0 million across the three-year period.\n\nPulsar Michigan shall pay up to a maximum of approximately US$580,000 to\nmaintain the Option during the three-year period. The Option fee shall be\nadjusted annually based on the per acre fee multiplied by the retained acreage\nrespective of the surrender schedule. Unless otherwise agreed with KLA, Pulsar\nMichigan shall surrender between 25% and 75% of the original contract area\nbefore the end of year one, and an additional 25% by the end of year two.\n\nAt any time during the three-year Option period, Pulsar Michigan may exercise\nthe Option and confirm its selected final retained lease area of up to 20,000\nacres, to enter into a formal Non-Hydrocarbon Gas Lease agreement with KLA.\nAny such agreement’s terms would include payments per leased acre and\nroyalties.\n\nAbout Keweenaw Land Association, Ltd.\n\nKeweenaw Land Association, Ltd. is a mineral and land management company\nheadquartered in Ironwood, Michigan, with holdings of over 1.3 million acres\nof mineral rights located predominantly in Michigan's western Upper Peninsula\nand northern Wisconsin. Additional information is available at\nwww.keweenaw.com.\n\nOn behalf of Pulsar Helium Inc. \n“Thomas Abraham-James”\nCEO and Director\n\nFurther Information:\n\nPulsar Helium Inc.\nconnect@pulsarhelium.com \n+ 1 (218) 203-5301 (USA/Canada)\n+44 (0) 2033 55 9889 (United Kingdom) \nhttps://pulsarhelium.com\nhttps://ca.linkedin.com/company/pulsar-helium-inc.\n\nStrand Hanson Limited \n(Nominated & Financial Adviser, and Broker)\nRitchie Balmer / Rob Patrick\n+44 (0) 207 409 3494\n\nYellow Jersey PR Limited\n(Financial PR)\nCharles Goodwin / Annabelle Wills\n+44 777 5194 357\npulsarhelium@yellowjerseypr.com\n\nAbout Pulsar Helium Inc.\n\nPulsar Helium Inc. is a publicly traded company quoted on the AIM market of\nthe London Stock Exchange (United Kingdom) and listed on the TSX Venture\nExchange with the ticker PLSR (Canada), as well as on the OTCQB with the\nticker PSRHF (United States of America). Pulsar's portfolio consists of its\nflagship Topaz helium project in Minnesota, the Falcon project in Michigan\n(both in the USA), and the Tunu helium project in Greenland. Pulsar is the\nfirst mover in both locations with primary helium occurrences not associated\nwith the production of hydrocarbons identified at each.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-Looking Statements\n\nThis news release contains forward-looking information within the meaning of\nCanadian securities legislation (collectively, \"forward-looking statements\")\nthat relate to the Company's current expectations and views of future events.\nAny statements that express, or involve discussions as to, expectations,\nbeliefs, plans, objectives, assumptions or future events or performance\n(often, but not always, through the use of words or phrases such as \"will\nlikely result\", \"are expected to\", \"expects\", \"will continue\", \"is\nanticipated\", \"anticipates\", \"believes\", \"estimated\", \"intends\", \"plans\",\n\"forecast\", \"projection\", \"strategy\", \"objective\" and \"outlook\") are not\nhistorical facts and may be forward-looking statements. Forward-looking\nstatements herein include, but are not limited to, statements relating to: the\nCompany's ability to conduct exploration activities on the optioned acreage;\nthe potential to exercise the Option and enter into a formal Non-Hydrocarbon\nGas Lease with KLA; the geological prospectivity of Michigan's Upper Peninsula\nfor primary helium accumulation; the Company's ability to satisfy the minimum\nexploration expenditure commitment of US$1.0 million over the Option period;\nthe application of exploration methodologies developed at the Topaz Project to\nthe Falcon Project; the potential for the staged acreage surrender schedule to\nallow effective high-grading of the exploration focus; the potential to select\nand retain a final development leasehold of up to 20,000 net acres upon Option\nexercise; and the potential for the Falcon Project to host commercially\nsignificant primary helium and other non-hydrocarbon gas accumulations.\nForward-looking statements may involve estimates and are based upon\nassumptions made by management of the Company, including, but not limited to,\nthe Company's capital cost estimates, management's expectations regarding the\navailability of capital to fund the Company's future capital and operating\nrequirements and the ability to obtain all requisite regulatory approvals.\n\nNo reserves have been assigned in connection with the Company's property\ninterests to date, given their early stage of development. The future value of\nthe Company is therefore dependent on the success or otherwise of its\nactivities, which are principally directed toward the future exploration,\nappraisal and development of its assets, and potential acquisition of property\ninterests in the future. Un-risked Contingent and Prospective Helium Volumes\nhave been defined at the Topaz Project. However, estimating helium volumes is\nsubject to significant uncertainties associated with technical data and the\ninterpretation of that data, future commodity prices, and development and\noperating costs. There can be no guarantee that the Company will successfully\nconvert its helium volume to reserves and produce that estimated volume.\nEstimates may alter significantly or become more uncertain when new\ninformation becomes available due to for example, additional drilling or\nproduction tests over the life of field. As estimates change, development and\nproduction plans may also vary. Downward revision of helium volume estimates\nmay adversely affect the Company's operational or financial performance.\n\nHelium volume estimates are expressions of judgement based on knowledge,\nexperience and industry practice. These estimates are imprecise and depend to\nsome extent on interpretations, which may ultimately prove to be inaccurate\nand require adjustment or, even if valid when originally calculated, may alter\nsignificantly when new information or techniques become available. As further\ninformation becomes available through additional drilling and analysis the\nestimates are likely to change. Any adjustments to volume could affect the\nCompany's exploration and development plans which may, in turn, affect the\nCompany's performance. The process of estimating helium resources is complex\nand requires significant decisions and assumptions to be made in evaluating\nthe reliability of available geological, geophysical, engineering, and\neconomic date for each property. Different engineers may make different\nestimates of resources, cash flows, or other variables based on the same\navailable data.\n\nForward-looking statements are subject to a number of risks and uncertainties,\nmany of which are beyond the Company's control, which could cause actual\nresults and events to differ materially from those that are disclosed in or\nimplied by such forward-looking statements. Such risks and uncertainties\ninclude, but are not limited to, that Pulsar may be unsuccessful in drilling\ncommercially productive wells; the uncertainty of resource estimation;\noperational risks in conducting exploration, including that drill costs may be\nhigher than estimates; commodity prices; health, safety and environmental\nfactors; and other factors set forth above as well as risk factors included in\nthe Company’s Annual Information Form dated February 3, 2026, for the year\nended September 30, 2025, found under Company’s profile on www.sedarplus.ca.\n\nForward-looking statements contained in this news release are as of the date\nof this news release, and the Company undertakes no obligation to update or\nrevise any forward-looking statements, whether as a result of new information,\nfuture events or otherwise, except as may be required by law. New factors\nemerge from time to time, and it is not possible for the Company to predict\nall of them or assess the impact of each such factor or the extent to which\nany factor, or combination of factors, may cause results to differ materially\nfrom those contained in any forward-looking statement. No assurance can be\ngiven that the forward-looking statements herein will prove to be correct and,\naccordingly, investors should not place undue reliance on forward-looking\nstatements. Any forward-looking statements contained in this news release are\nexpressly qualified in their entirety by this cautionary statement.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2558dcb8-bb0c-4416-8340-855eaddc26ba)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX446DPS","title":"Pulsar Helium Secures District-Scale Helium Exploration  Option Across 488,090 Acres in Michigan's Upper Peninsula","author":"Globe Newswire","ticker":"PLSR","created":"2026-04-22T06:00:00.195Z","tickers":["PLSR"],"exchange":"","article_body":"CASCAIS, Portugal, April 22, 2026 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM:\nPLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a primary\nhelium company, is pleased to announce that its wholly owned subsidiary,\nPulsar Helium (MI) Inc. (“Pulsar Michigan”), has entered into an exclusive\nOption to Lease Non-Hydrocarbon Gas Agreement (the “Option” or\n\"Agreement\") with Keweenaw Land Association, Ltd. (\"KLA\") covering\napproximately 488,090 gross acres of mineral rights in Michigan's Upper\nPeninsula.\n\nThe Agreement, together with the 5,742 gross acres previously acquired through\nthe Company's acquisition of Pulsar Michigan (formerly Hybrid Hydrogen Inc.)\nas announced January 5, 2026, establishes the Company’s potential footprint\nin Michigan. These acreas in Michigan are now known as the Falcon Project.\n\nHighlights:\n* Exclusive three-year exploration option commencing March 31, 2026, covering\napproximately 488,090 gross acres of KLA's mineral rights in Michigan's Upper\nPeninsula.\n* Option covers non-hydrocarbon gases including helium-4, helium-3, carbon\ndioxide, and hydrogen, providing exposure to district-scale geological\npotential across the KLA land position.\n* The Agreement contains a staged acreage surrender schedule, allowing Pulsar\nto refine its exploration focus across the 488,090 acres over the three-year\nterm and thereby reduce its retained acreage, with a final development\nleasehold of up to 20,000 net acres selectable at Option exercise.\n* Upon any such exercise of the Option, the Company and KLA would enter into a\ndefinitive Non-Hydrocarbon Gas Lease with established commercial terms\nincluding proceeds distributed as royalty revenue payable to KLA.\n* Defined exploration expenditure commitment over the Option period, covering\ngeochemical sampling, geophysical surveys, geological studies, and exploratory\ndrilling.\nThomas Abraham-James, CEO of Pulsar, commented:\n\n\"This agreement with Keweenaw Land Association marks a transformative step for\nPulsar and for our Falcon Project in Michigan. The scale of this optioned land\nposition, nearly half a million acres of exclusive helium exploration rights,\nis exceptional and reflects the quality of KLA as a partner and the strength\nof the geological thesis we have developed for the Upper Peninsula.\n\n“Our work at the Topaz Project in Minnesota has demonstrated that primary\nhelium systems can be discovered and confirmed with a disciplined, technically\nrigorous approach, and we intend to bring exactly that same methodology to\nFalcon. Michigan's Precambrian basement geology is highly prospective, and the\nregion has not seen any activity for primary helium exploration. We have\nassembled a district-scale position that gives us the flexibility to evaluate\na very large geological system before high-grading our focus to the most\ncompelling targets. We are excited about what lies ahead in Michigan.\"\n\nThe Falcon Project\n\nThe Falcon Project consolidates all of Pulsar's Michigan helium interests\nunder a single programme. The 5,742 gross acres previously acquired have been\nincorporated into the broader Falcon Project alongside the new KLA Option\nacreage. Together, these interests provide Pulsar with one of the largest\npotential non-hydrocarbon gas exploration footprints in the Upper Midwest.\n\nMichigan's Upper Peninsula shares key geological characteristics with\nhelium-bearing systems identified elsewhere in the North American craton,\nincluding the ancient Precambrian basement rocks that are understood to be a\nprimary source of primordial helium accumulations. Pulsar's operational\nexperience at the Topaz Project in Minnesota where the Company has achieved a\n100% technical well success rate and confirmed high-grade helium\nconcentrations including rare helium-3, provides a strong foundation for\nevaluating the helium potential of Michigan's Upper Peninsula. The geological\nsetting of the Upper Peninsula, characterised by similar ancient basement\ngeology and structural architecture, offers compelling analogues for primary\nhelium accumulation.\n\nAdditional Information\n\nThe Option enables Pulsar Michigan to undertake exploration work for\nnon-hydrocarbon gases, including helium-4, helium-3, carbon dioxide, and\nhydrogen, on 488,090 gross acres, with the exclusive option to enter into a\nformal Non-Hydrocarbon Gas Lease agreement at any time during the three-year\nterm. Pulsar Michigan shall undertake exploration work amounting to at least\nUS$1.0 million across the three-year period.\n\nPulsar Michigan shall pay up to a maximum of approximately US$580,000 to\nmaintain the Option during the three-year period. The Option fee shall be\nadjusted annually based on the per acre fee multiplied by the retained acreage\nrespective of the surrender schedule. Unless otherwise agreed with KLA, Pulsar\nMichigan shall surrender between 25% and 75% of the original contract area\nbefore the end of year one, and an additional 25% by the end of year two.\n\nAt any time during the three-year Option period, Pulsar Michigan may exercise\nthe Option and confirm its selected final retained lease area of up to 20,000\nacres, to enter into a formal Non-Hydrocarbon Gas Lease agreement with KLA.\nAny such agreement’s terms would include payments per leased acre and\nroyalties.\n\nAbout Keweenaw Land Association, Ltd.\n\nKeweenaw Land Association, Ltd. is a mineral and land management company\nheadquartered in Ironwood, Michigan, with holdings of over 1.3 million acres\nof mineral rights located predominantly in Michigan's western Upper Peninsula\nand northern Wisconsin. Additional information is available at\nwww.keweenaw.com.\n\nOn behalf of Pulsar Helium Inc. \n“Thomas Abraham-James”\nCEO and Director\n\nFurther Information:\n\nPulsar Helium Inc.\nconnect@pulsarhelium.com \n+ 1 (218) 203-5301 (USA/Canada)\n+44 (0) 2033 55 9889 (United Kingdom) \nhttps://pulsarhelium.com\nhttps://ca.linkedin.com/company/pulsar-helium-inc.\n\nStrand Hanson Limited \n(Nominated & Financial Adviser, and Broker)\nRitchie Balmer / Rob Patrick\n+44 (0) 207 409 3494\n\nYellow Jersey PR Limited\n(Financial PR)\nCharles Goodwin / Annabelle Wills\n+44 777 5194 357\npulsarhelium@yellowjerseypr.com\n\nAbout Pulsar Helium Inc.\n\nPulsar Helium Inc. is a publicly traded company quoted on the AIM market of\nthe London Stock Exchange (United Kingdom) and listed on the TSX Venture\nExchange with the ticker PLSR (Canada), as well as on the OTCQB with the\nticker PSRHF (United States of America). Pulsar's portfolio consists of its\nflagship Topaz helium project in Minnesota, the Falcon project in Michigan\n(both in the USA), and the Tunu helium project in Greenland. Pulsar is the\nfirst mover in both locations with primary helium occurrences not associated\nwith the production of hydrocarbons identified at each.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nForward-Looking Statements\n\nThis news release contains forward-looking information within the meaning of\nCanadian securities legislation (collectively, \"forward-looking statements\")\nthat relate to the Company's current expectations and views of future events.\nAny statements that express, or involve discussions as to, expectations,\nbeliefs, plans, objectives, assumptions or future events or performance\n(often, but not always, through the use of words or phrases such as \"will\nlikely result\", \"are expected to\", \"expects\", \"will continue\", \"is\nanticipated\", \"anticipates\", \"believes\", \"estimated\", \"intends\", \"plans\",\n\"forecast\", \"projection\", \"strategy\", \"objective\" and \"outlook\") are not\nhistorical facts and may be forward-looking statements. Forward-looking\nstatements herein include, but are not limited to, statements relating to: the\nCompany's ability to conduct exploration activities on the optioned acreage;\nthe potential to exercise the Option and enter into a formal Non-Hydrocarbon\nGas Lease with KLA; the geological prospectivity of Michigan's Upper Peninsula\nfor primary helium accumulation; the Company's ability to satisfy the minimum\nexploration expenditure commitment of US$1.0 million over the Option period;\nthe application of exploration methodologies developed at the Topaz Project to\nthe Falcon Project; the potential for the staged acreage surrender schedule to\nallow effective high-grading of the exploration focus; the potential to select\nand retain a final development leasehold of up to 20,000 net acres upon Option\nexercise; and the potential for the Falcon Project to host commercially\nsignificant primary helium and other non-hydrocarbon gas accumulations.\nForward-looking statements may involve estimates and are based upon\nassumptions made by management of the Company, including, but not limited to,\nthe Company's capital cost estimates, management's expectations regarding the\navailability of capital to fund the Company's future capital and operating\nrequirements and the ability to obtain all requisite regulatory approvals.\n\nNo reserves have been assigned in connection with the Company's property\ninterests to date, given their early stage of development. The future value of\nthe Company is therefore dependent on the success or otherwise of its\nactivities, which are principally directed toward the future exploration,\nappraisal and development of its assets, and potential acquisition of property\ninterests in the future. Un-risked Contingent and Prospective Helium Volumes\nhave been defined at the Topaz Project. However, estimating helium volumes is\nsubject to significant uncertainties associated with technical data and the\ninterpretation of that data, future commodity prices, and development and\noperating costs. There can be no guarantee that the Company will successfully\nconvert its helium volume to reserves and produce that estimated volume.\nEstimates may alter significantly or become more uncertain when new\ninformation becomes available due to for example, additional drilling or\nproduction tests over the life of field. As estimates change, development and\nproduction plans may also vary. Downward revision of helium volume estimates\nmay adversely affect the Company's operational or financial performance.\n\nHelium volume estimates are expressions of judgement based on knowledge,\nexperience and industry practice. These estimates are imprecise and depend to\nsome extent on interpretations, which may ultimately prove to be inaccurate\nand require adjustment or, even if valid when originally calculated, may alter\nsignificantly when new information or techniques become available. As further\ninformation becomes available through additional drilling and analysis the\nestimates are likely to change. Any adjustments to volume could affect the\nCompany's exploration and development plans which may, in turn, affect the\nCompany's performance. The process of estimating helium resources is complex\nand requires significant decisions and assumptions to be made in evaluating\nthe reliability of available geological, geophysical, engineering, and\neconomic date for each property. Different engineers may make different\nestimates of resources, cash flows, or other variables based on the same\navailable data.\n\nForward-looking statements are subject to a number of risks and uncertainties,\nmany of which are beyond the Company's control, which could cause actual\nresults and events to differ materially from those that are disclosed in or\nimplied by such forward-looking statements. Such risks and uncertainties\ninclude, but are not limited to, that Pulsar may be unsuccessful in drilling\ncommercially productive wells; the uncertainty of resource estimation;\noperational risks in conducting exploration, including that drill costs may be\nhigher than estimates; commodity prices; health, safety and environmental\nfactors; and other factors set forth above as well as risk factors included in\nthe Company’s Annual Information Form dated February 3, 2026, for the year\nended September 30, 2025, found under Company’s profile on www.sedarplus.ca.\n\nForward-looking statements contained in this news release are as of the date\nof this news release, and the Company undertakes no obligation to update or\nrevise any forward-looking statements, whether as a result of new information,\nfuture events or otherwise, except as may be required by law. New factors\nemerge from time to time, and it is not possible for the Company to predict\nall of them or assess the impact of each such factor or the extent to which\nany factor, or combination of factors, may cause results to differ materially\nfrom those contained in any forward-looking statement. No assurance can be\ngiven that the forward-looking statements herein will prove to be correct and,\naccordingly, investors should not place undue reliance on forward-looking\nstatements. Any forward-looking statements contained in this news release are\nexpressly qualified in their entirety by this cautionary statement.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2558dcb8-bb0c-4416-8340-855eaddc26ba)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-04-22T06:00:00.292940608Z","server_sent_at_ms":1776837600292},"received_at":"2026-04-22T06:00:00.483Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}