08:39 AM EDT, 09/02/2025 (MT Newswires) -- Pulsar Helium Inc. ( PSRHF ) (AIM: PLSR, PLSR.V), a helium project development company, was at last look down 1.7% and had hit fresh 52 week lows in afternoon UK trade Tuesday even after reporting a narrowed loss for nine months ended June 2025, and the proposed acquisition of a "major" Minnesota land position to west of its Topaz Project.

On its result, Pulsar said loss for the nine months ended June 30, 2025, was more than US$8.5 million or $0.07 compared to a loss of more than $21.44 million or $0.24 a year earlier.

Separately, Pulsar signed Tuesday a non-binding term sheet to acquire up to 100% of Quantum Hydrogen Inc. in an all-share transaction.

On the proposed buy, in a statement Pulsar cited as highlights that Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota (59,100 gross acres) that are located in St Louis and Itasca Counties, to the west of Pulsar's flagship Topaz project, representing a circa 1,000% increase to Pulsar's gross acreage in Minnesota, on completion.

Thomas Abraham-James, President & CEO, said: "The proposed transaction is a fortuitous opportunity to obtain additional non-hydrocarbon gas leases in Minnesota, complementing Pulsar's existing portfolio. The assets will expand our helium exploration footprint in Minnesota by approximately 1,000%, providing us with additional acreage nearby to our flagship Topaz project, with similar geology that could potentially host helium accumulations.

"It is an exciting time for the company, with the recently announced testing results for Jetstream #1, the recently completed financing, and the expansion of our acreage in Minnesota. This all-share transaction would allow us to preserve our cash for advancing Topaz, realising its production potential, while simultaneously exploring the new, but geologically familiar acreage for potential additional helium opportunities."

PLSR was slightly higher in Canada trade last Friday, ahead of the Labour Day holiday.