Pulsar Helium, Inc. ( (TSE:PLSR) ) has shared an update.
Pulsar Helium Inc. has secured a US$4 million project finance facility from University Bancorp, Inc. to support its Topaz helium project in Minnesota. This facility will provide the necessary working capital to advance the project, avoiding additional shareholder dilution. The company has also completed the final tranche of its private placement, raising a total of US$2,427,498. With positive initial drilling results and upcoming flow tests on the Jetstream wells, Pulsar is progressing towards its goal of helium production, which could significantly enhance its market position and meet the increasing global demand for helium.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange, the TSX Venture Exchange, and the OTCQB. The company focuses on helium project development, with its flagship Topaz helium project located in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is a pioneer in both locations, identifying primary helium occurrences not associated with hydrocarbon production.
YTD Price Performance: -30.0%
Average Trading Volume: 189,648
Technical Sentiment Signal: Buy
Current Market Cap: C$46.76M
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