07:39 AM EST, 11/04/2025 (MT Newswires) -- Pulsar Helium ( PSRHF ) earlier Tuesday said it signed a definitive agreement with Oscillate to supersede the non-binding term sheet announced on Sept. 2, 2025, to acquire up to 100% of Oscillate's wholly owned subsidiary, Quantum Hydrogen in an all-share transaction.

A statement noted that, under the agreement, Pulsar is to acquire 80% of the issued share capital of Quantum from Oscillate in consideration of the issuance of new Pulsar common shares having an aggregate value of US$400,000, and to be issued in five equal monthly tranches of US$80,000 each over a five-month period commencing upon receipt of TSX Venture Exchange approval to the transaction.

The company said that the number of consideration shares in each tranche will be determined by the 30-day volume-weighted average price (VWAP) of Pulsar's shares on the TSXV prior to each issuance, subject to the minimum price allowable by the TSXV.

The company was also granted the option to acquire the remaining 20% of the Quantum shares from Oscillate within 18 months for an additional US$400,000 in Pulsar shares, issuable under the same terms and pricing mechanism.

A statement further noted that Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota (59,100 gross acres) that are located in the St. Louis and Itasca Counties, to the west of Pulsar's flagship Topaz project.

"The company also notes that Neil Herbert, a director of Pulsar, is a minority shareholder in Oscillate, and accordingly has abstained from participating in Pulsar's board's deliberations and voting on the transactions, in line with corporate governance best practices," said the company.