sur Pulsar Helium Inc. (CVE:PLSR)
Pulsar Helium Inc. Reports Financial Losses Amid Operational Advancements
Pulsar Helium Inc. released its financial and operational results for the nine months ending June 30, 2025. Despite reporting a net loss of $8.5 million, the company highlighted a strong operational performance, particularly at their Jetstream #1 well, which saw a significant increase in natural flow rates.
The company engaged Sproule-ERCE for a pre-feasibility study on the Tunu helium-geothermal project, underscoring its commitment to technical and economic improvements. Additionally, a drilling contract with Timberline was executed, aiming for up to ten new wells.
Financially, Pulsar faced substantial expenditures, primarily in its exploration projects, with a cash position of $617,626 at the end of the period. The company raised additional funds through private placements, including significant participation from University Bancorp.
R. H.
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