Pulsar Helium (AIM:PLSR, TSXV:PLSR, OTCQB:PSRHF) has joined the list of pure play helium explorers to list on the AIM market and raised £5m (gross) pre-IPO and on IPO at 25p per share with a market cap of £31.6m.
Pulsar is a primary helium exploration and development company with a portfolio consisting of its flagship Topaz helium project in Minnesota, USA, where it flowed North America's highest concentration of helium at 14.5%, and the Tunu helium project in Greenland.
Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. Helium is recognised as a critical raw material in both Canada and the EU, playing a vital role across various industries.
New funds received from the IPO will be dedicated to further drilling at Topaz, the acquisition of seismic data and the completion of a preliminary economic assessment which will determine if production is a possibility.
In this interview with Thomas Abraham-James, co-founder, President and CEO, investors will hear:
- Why helium is the new ‘critical raw material’
- How long there has been a shortage of the noble gas
- Who makes up the leadership team and how their experience will benefit Pulsar
- Where the company has first mover advantage
- What makes the helium concentration rates at Topaz so appealing and why 14.5% is extremely high compared to other commercially viable helium projects concentrations beginning at 0.3%
- How the company intends to progress its work programme in Minnesota where Pulsar has a good relationship with local stakeholders
- What the shareholder register looks like
- What the Pulsar Scholars program is and how students can get involved
- How the company plans to grow the company and deliver significant shareholder returns
