Pulsar Helium Secures $4 Million Credit for Minnesota Project

Pulsar Helium Inc. has announced the execution of a US$4 million project finance facility with University Bancorp, Inc., aimed at funding operations for its Topaz Helium project in Minnesota. The facility is fully secured by Keewaydin Resources, Inc., Pulsar's subsidiary. Pulsar guarantees the facility with a pledge of all Keewaydin shares and a first lien on all its assets. The credit line matures on March 31, 2026, with an annual interest rate of 12% on drawn amounts. A 2% utilization fee applies but is reimbursable upon maturity.

TSX Venture Exchange approval is still pending for the facility. This financial move aligns with Pulsar's strategic focus on helium projects in Minnesota and Greenland. Forward-looking statements in the press release highlight potential risks, including resource estimation uncertainties and regulatory approval.