Pulsar Helium (PLSR) investor relations material

Market opportunity and industry context

• Helium demand is projected to double by 2035, reaching 58 metric tonnes per year, while supply remains constrained and prone to shortages.

• Approximately 95% of global helium is produced as a byproduct of natural gas, limiting scalability and flexibility in meeting demand.

• Helium commands a high market price of around $100,000 per metric tonne, significantly higher than natural gas.

• Helium is essential for high-tech applications such as chip manufacturing, spaceflight, MRI, and quantum technologies.

Project highlights and resource potential

• The Topaz Project in Minnesota is a high-grade helium discovery, with Jetstream #1 showing an average helium concentration of 8.1% and Jetstream #2 at 5.6%.

• Typical economically viable helium concentrations are 0.3–1.0%, making these results exceptional.

• Helium-3, a rare isotope with quantum and fusion energy applications, was detected at up to 14.5 ppb in Jetstream #1.

• Seven wells have been drilled, all encountering gas, with a 100% success rate to date.

• An independent resource estimate for Jetstream #1 indicates a P50 gross recoverable helium prospective resource of 0.4 billion cubic feet.

Operations, infrastructure, and partnerships

• The project covers approximately 65,000 gross acres under exclusive leases, with surface rights secured at the discovery location.

• Infrastructure includes on-site roads and nearby three-phase power, supporting efficient development.

• Chart Industries, a leader in cryogenic gas processing, has been engaged to design a combined helium/CO₂ production facility, with engineering initiated in September 2025.

• Regulatory certainty is provided by a new Minnesota helium law enacted in 2024.