London Stock Exchange Group (LSEG) welcomes Pulsar Helium, the helium project development company, to the AIM market following its successful fundraising and admission to trading. Pulsar Helium’s common shares will trade under the ticker “PLSR”, with dealings having commenced at 08:00 BST on 18 October 2024.
Pulsar Helium is at the forefront of primary helium exploration and development, with its flagship Topaz project in Minnesota, USA, demonstrating helium concentrates that are considered exceptionally high by global standards, significantly surpassing the commonly accepted economic viability threshold.
Helium, a critical resource for advanced technologies such as semiconductors, medical imaging, and space applications, is in growing demand globally due to supply constraints. Pulsar Helium is positioning itself as a strategic supplier of sustainably sourced Green Helium, produced without the association of hydrocarbons, for the expanding technology-driven sectors.
The successful listing on AIM follows a £5 million fundraising, which included a £3.875 million placing of new common shares with institutional and private investors, and a £1.125 million pre-IPO cornerstone investment. The fundraising was oversubscribed by 50%, reflecting investor confidence in Pulsar’s high-potential assets and future growth trajectory.
The proceeds will accelerate the development of Pulsar’s flagship Topaz project, with plans to deepen the existing well, carry out further drilling, acquire additional seismic data, and complete a preliminary economic assessment (PEA) to unveil the significant upside potential. This funding will also support the early exploration of Pulsar’s Tunu project in Greenland, one of Europe’s few primary helium districts.
Thomas Abraham-James, President, Co-Founder & CEO of Pulsar Helium commented:
“We are thrilled to commence dealings on the AIM market, marking a significant milestone for Pulsar Helium. Listing on AIM gives us direct access to a sophisticated and expanding pool of investors. Our oversubscribed fundraising is a strong endorsement of our vision to become a key player in the global helium market, which is facing increasing supply constraints. The funds raised will enable us to accelerate the development of our flagship Topaz project in Minnesota, which has already demonstrated exceptional helium concentrations.
“We believe our commitment to sustainably sourced helium positions us perfectly to meet the growing demand for this critical resource, which is essential for the technologies of today and tomorrow. We look forward to advancing both the Topaz and Tunu projects and delivering value for our stakeholders.”
For more information, visit www.pulsarhelium.com
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