Pulsar Helium Inc. (PLSR) Targets Debt/Public Support for MN Plant

Pulsar Helium Inc. (PLSR) has signed a $85.5M deal with Baker Hughes' Chart Energy for equipment to build a helium and CO2 plant in Minnesota. The project has a capacity of 7.5M liters of liquid helium annually. Pulsar will make payments in stages, starting with $5.025M upon approval.

Pulsar Helium (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) said its subsidiary Keewaydin Resources extended the target date to Sept. 30, 2026 for executing a definitive agreement for a helium liquefaction plant reservation in Minnesota. The plant is expected to include ~940 liters/hour liquefaction and ~300 tonnes/day CO2 capture. Reservation and LNTP terms remain in effect.

Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) said it extended the target date to execute a definitive agreement for a helium liquefaction plant. The binding Letter Agreement and LNTP with a third-party vendor were entered via Pulsar’s subsidiary, Keewaydin Resources. Execution now targeted for Sept. 30, 2026, with reservation rights and pricing unchanged. Capacity cited: 940 liters/hour liquefaction and 300 tonnes/day CO2 capture.

Pulsar Helium Inc. reported financial and operating results for the six months ended March 31, 2026. It said it drilled five high-pressure core-hole wells at its Topaz project in Minnesota and is seeking quotes for up to four new production wells. The company recorded $6.0m exploration spending, raised $9.9m via a private placement, and reported a $12.25m net loss (revenue $nil). Total assets were $10.97m.

Pulsar Helium (AIM: PLSR; TSXV: PLSR; OTCQB: PSRHF) says it acquired about 1,360 acres of surface land at its Topaz helium project in Lake County, Minnesota, including the Jetstream #7 well site. The company paid US$2.48 million in cash to Wolf Lands Inc. to strengthen operational control while it advances production readiness.

Tesla's VP of Energy and Charging, Mike Snyder, left the company on October 15, 2026. AJ Booth, senior director of energy products engineering, will succeed him. Tesla's energy division has been growing, with record deployments in Q4 2025. The company's energy storage business is a key growth area, alongside automotive and Cybercab production. Tesla shares moved on October 15, but the exact impact of the news is unclear due to other concurrent events.