Image source: © 2025 Krish Capital Pty.Ltd

Highlights

  • Jetstream #1 natural flow rate surged threefold to ~501 Mcf/d during 2025.
  • Secured USD 4 million project financing facility and GBP 3.7 million private placement.
  • Contracted Timberline Drilling for up to ten new wells starting September 2025.

Pulsar Helium Inc. (OTCQB: PSRHF) has reported its financial and operating results for the nine months ended June 30, 2025, outlining key progress across its exploration and development activities. The company’s Jetstream #1 well delivered a natural flow rate of approximately 501 Mcf/d, more than tripling the production rate recorded in 2024, signalling improved reservoir performance and recharge capability.

For the nine-month period, Pulsar posted a net loss of USD 8.5 million, which included exploration and evaluation expenditures of USD 6.4 million. The company ended the period with a cash position of USD 617,626 and reported total liabilities of USD 5.6 million against total assets of USD 1.8 million, highlighting the financial pressures of its ongoing development programs.

To strengthen liquidity and fund operations, Pulsar secured a USD 4 million project financing facility from University Bancorp. In August 2025, the company also completed a private placement raising GBP 3.7 million, providing additional capital for its exploration commitments.

Operationally, Pulsar has engaged Sproule-ERCE to conduct a pre-feasibility study at the Tunu Project. In addition, the company signed a contract with Timberline Drilling to drill up to ten new wells beginning in September 2025, a move that is expected to expand its drilling capacity and accelerate resource definition.

Management noted the significance of Jetstream #1’s performance and the stability of its long-duration flow tests, which demonstrated excellent reservoir recharge capacity. The combination of increased production data, new drilling commitments, and third-party technical evaluation is expected to shape future development plans for the company’s assets.

While the period saw meaningful operational progress, the financial results reflect the early-stage nature of Pulsar’s exploration efforts and the capital-intensive nature of its projects. Ongoing funding initiatives and upcoming drilling outcomes are likely to be key catalysts for the company’s near-term trajectory.