Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) Acquisition of Michigan Helium Exploration Assets

Pulsar Helium Acquires Michigan Exploration Acreage for $80,000 in Cash-Only Deal

Pulsar Helium has completed the acquisition of Hybrid Hydrogen Inc. for $80,000 in cash, securing an exclusive mineral rights option covering roughly 5,742 acres in Michigan’s Upper Peninsula. The transaction, completed at arm’s length with no related-party involvement, replaces the all-share structure the company announced in late October.

The target acreage focuses on non-hydrocarbon gases, primarily helium. Pulsar reported the asset marks its first entry into Michigan and expands its position across the Upper Midwest beyond its flagship Topaz project in Minnesota.

According to Pulsar, the Michigan acreage sits within a geologic setting similar to Topaz. Both lie above ancient crystalline basement rocks where helium is generated from the decay of uranium and thorium in granites. The gas migrates upward into porous sedimentary reservoirs and can accumulate beneath impermeable seals. At Topaz, helium is produced from an Archaean basement formation.

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The company highlighted the regulatory framework now applied to helium exploration in Michigan, noting the jurisdiction maintains an established gas regulatory structure. Pulsar said the low cash outlay allows it to add acreage without drawing heavily from its treasury.

“This is a remarkably low-cost entry into Michigan that strengthens our helium exploration portfolio,” said Thomas Abraham-James, president and CEO. “The Michigan acreage is geologically analogous to our Topaz project, offering a technically familiar growth opportunity.”

Hybrid’s sole material asset is the mineral rights option, which grants Pulsar control over exploration rights for non-hydrocarbon gases across the acreage. The company purchased all issued and outstanding shares of Hybrid from its shareholders for the cash consideration.

Pulsar framed the deal as aligned with a strategy of applying its Topaz experience to geologically similar regions. The company emphasized a disciplined, helium-focused expansion trajectory that leverages existing technical knowledge developed in Minnesota.

The Michigan package does not include drilled wells or production infrastructure. Pulsar holds an option to lease the mineral rights, a structure that allows it to test the acreage before committing to full lease payments. The option covers approximately 5,742 gross acres in the Upper Peninsula, a region where helium exploration remains in early stages compared to established gas basins.

The transaction was structured entirely in cash, a departure from the all-share arrangement disclosed in the company’s October 27 announcement. No equity or warrants changed hands. Pulsar did not disclose the identities of Hybrid’s selling shareholders or detail the option terms, including exercise price or expiry.

Helium sourced from basement rocks has drawn exploration interest across the Upper Midwest, where operators target reservoirs overlying Precambrian formations. Pulsar is working to advance Topaz, where it has reported helium concentrations in drilling results. The company holds listings on AIM, the TSX Venture Exchange and the OTCQB.

The acquisition brings Pulsar’s exploration footprint into a second U.S. state, though the bulk of its resources remain directed toward Minnesota operations. The company did not disclose near-term drilling plans for the Michigan acreage.