Helix Exploration PLC
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Pulsar Helium
Crux Investor Index
6
–
Market Cap (USD)
39339449
Symbol
TSXV:PLSR
Stage of development
Development
Primary COMMODITY
Helium
Additional commodities
No items found.
Pulsar Helium Inc. is a North American-focused helium exploration and development company pioneering the discovery of primary helium resources in untapped regions. With a first-mover advantage in two new helium districts, Pulsar is advancing its flagship Topaz project in Minnesota, USA, which has demonstrated world-class helium concentrations of up to 14.5%—one of the highest grades recorded globally.
In addition to Topaz, Pulsar holds the Tunu Project in Greenland, making it one of the few companies exploring for helium in Europe. As helium demand surges due to its critical role in technology, healthcare, and aerospace industries, Pulsar is strategically positioned to become a key supplier of this high-value resource. The company is actively progressing through drilling, resource definition, and development planning, aiming to unlock the commercial potential of its projects while adhering to high environmental and operational standards.
The company is publicly traded on AIM (UK: PLSR), TSXV (Canada: PLSR), and OTCQB (USA: PSRHF), providing broad market exposure and access to a diversified investor base.
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Opportunity
Pulsar Helium presents a compelling investment opportunity as a high-grade, primary helium developer in a market experiencing supply shortages and rising prices. Helium is an irreplaceable element used in MRI machines, semiconductor manufacturing, fiber optics, space exploration, and quantum computing. With the U.S. Federal Helium Reserve depleting and major helium sources declining, Pulsar’s Topaz project stands out as a rare, high-grade discovery that could fill a critical supply gap.
The Topaz Project has already delivered strong results, with free-flowing helium at concentrations far exceeding economic thresholds. A successful appraisal well at Jetstream #1 confirmed the reservoir’s potential, with further drilling planned to expand the resource base. Additionally, the CO2 content at Topaz provides a secondary revenue stream, capitalizing on the growing demand for CO2 in industrial applications.
With a defined development strategy, upcoming resource updates, and a path toward production, Pulsar Helium offers investors exposure to a high-value, future-proof commodity with significant upside potential.
Summary
Management Team
Pulsar Helium Inc. is led by a seasoned executive team with extensive expertise in helium exploration, resource development, and capital markets.
Thomas Abraham-James – President & CEO
A geologist with over 17 years of experience, Thomas is a recognized leader in helium exploration. He co-founded Helium One Global Ltd., pioneered helium exploration methodologies, and co-authored The Principles of Helium Exploration. His deep technical expertise and strategic vision drive Pulsar’s growth in the helium sector.
Neil Herbert – Executive Chairman
With more than three decades of experience in natural resources and corporate finance, Neil has played a key role in guiding companies from startup to IPO. He has been involved in over $3 billion in M&A transactions, helping build major resource companies worldwide.
Dan O’Brien – CFO
A Chartered Professional Accountant with two decades of experience, Dan has a strong track record in financial management within the mining and resource sector. Before joining Pulsar, he served as CFO for multiple publicly traded exploration companies.
This leadership team, complemented by an experienced Board of Directors, positions Pulsar Helium for long-term success in unlocking and commercializing helium resources in new frontiers.
Growth Strategy
Pulsar Helium Inc. is executing a disciplined growth strategy focused on advancing its flagship Topaz Project to production while strategically developing its Tunu Project in Greenland. With a first-mover advantage in both regions, the company is leveraging cutting-edge exploration techniques to define and expand helium resources in new, high-potential districts.
The company’s immediate focus is on deepening the Jetstream #1 well at Topaz and drilling additional step-out wells to increase resource estimates and further de-risk the project. A Preliminary Economic Assessment (PEA) is planned for early 2025 to outline the commercial potential of the deposit, setting the stage for future production.
In parallel, Pulsar is securing additional helium leases within the Topaz project area to strengthen its land position. The Tunu Project in Greenland, which has already shown helium concentrations in thermal springs, represents a long-term growth opportunity, positioning Pulsar as one of the few players in the European helium market.
Pulsar is committed to efficient capital deployment, leveraging its management team’s expertise to de-risk operations, build shareholder value, and establish itself as a leading helium producer in North America and beyond.
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Financial Overview
Pulsar Helium Inc. is financially well-positioned to advance its flagship Topaz Project while maintaining a disciplined capital approach to resource development. The company is publicly.
As of November 2024, Pulsar has a market capitalization of GBP£32.9 million with GBP£3.7 million in cash, ensuring it remains well-funded for its upcoming drilling and exploration activities. The company has a tight share structure, with 37% of its issued share capital held by management and insiders, reflecting strong alignment with shareholder interests.
Pulsar’s development timeline is designed to efficiently allocate capital, with near-term focus on drilling, resource estimation, and economic assessment at Topaz. The company also maintains flexibility in financing options, including strategic partnerships, asset sales, or equity funding, to support its long-term growth objectives.
With helium prices experiencing a sustained uptrend due to supply constraints and increasing demand, Pulsar is strategically positioned to capitalize on favorable market dynamics and deliver long-term value to its shareholders.
Risk Factors and Mitigation
Pulsar Helium faces several challenges common to early-stage resource development, including commodity price volatility, exploration uncertainties, and the potential for regulatory or permitting delays. Key risk factors include:
Exploration and Resource Uncertainty: As an emerging helium developer, the company’s future production depends on successful drilling and resource definition, which inherently carry technical and geological risks.
Capital Requirements: Advancing projects from exploration to production may require additional funding, exposing investors to potential dilution or financing risks.
Regulatory and Permitting Challenges: Securing timely permits and maintaining strong relations with regulatory bodies are critical to project timelines.
Market Dynamics: Fluctuations in the helium market and broader economic conditions could impact the commercial viability of the projects.
To mitigate these risks, Pulsar leverages its first-mover advantage in high-grade helium districts and employs a disciplined capital management strategy. The company’s recent success at the Topaz Project, evidenced by world-class helium concentrations and a potential dual revenue stream from CO2, provides a strong foundation to de-risk its operations. Additionally, Pulsar’s experienced management team actively engages with key stakeholders and regulatory authorities to streamline permitting processes and secure additional leases, ensuring that the company remains agile in a competitive market environment.
Conclusion
Pulsar Helium Inc. is at the forefront of unlocking new high-grade helium resources in North America and Europe, positioning itself as a first mover in two emerging helium districts. With its flagship Topaz Project in Minnesota delivering world-class helium concentrations and the Tunu Project in Greenland offering long-term growth potential, Pulsar is strategically placed to become a key supplier of this critical and high-value commodity.
As global helium supply remains constrained and demand continues to surge across technology, healthcare, and aerospace industries, Pulsar’s defined growth strategy, proven technical expertise, and disciplined financial approach set it apart as a high-potential investment opportunity. The company's tight capital structure, experienced leadership team, and commitment to responsible resource development further enhance its ability to deliver long-term value.
With upcoming milestones, including further drilling, resource expansion, and economic assessments, Pulsar is steadily advancing toward commercialization. As it continues to de-risk and develop its assets, the company offers investors a unique opportunity to gain exposure to a crucial element driving modern innovation and industry.
Pulsar Helium Inc. is not just exploring for helium—it is building the foundation for a sustainable, high-value supply source in an increasingly helium-scarce world.