Pulsar Helium announces acquisition of Michigan helium exploration assets-focused gas exploration company
Pulsar Helium Inc., a primary helium exploration and development company, has acquired 100% of Hybrid Hydrogen Inc. (Hybrid) for total consideration of $80,000, superseding the all-share structure previously announced on October 27, 2025. Hybrid’s primary asset is an exclusive mineral rights option to lease covering approximately 5,742 gross acres in Michigan’s Upper Peninsula, targeting non-hydrocarbon gases (primarily helium). This strategic acquisition marks Pulsar’s rst entry into Michigan, a jurisdiction with a well-established gas regulatory framework now being applied to helium exploration, and forms part of the company’s broader initiative to expand its Upper Midwest footprint.
- Helium-focused land package: Hybrid holds an exclusive option to lease for mineral rights for nonhydrocarbon gases in Michigan’s Upper Peninsula (~5,742 acres). These rights provide Pulsar with a foothold in a geologically prospective new region for helium exploration.
- Low-cost acquisition: The minimal cash outlay of $80,000 allows Pulsar to expand its asset base without significantly impacting its treasury, ensuring the company’s resources remain focused on the agship Topaz helium project in Minnesota.
- Alignment with growth strategy: Expansion into Michigan aligns with Pulsar’s strategy of leveraging Topaz expertise into geologically similar regions, reinforcing the company’s disciplined helium-focused growth trajectory.
Thomas Abraham-James, President & CEO of Pulsar, commented, “This is a remarkably low-cost entry into Michigan that strengthens our helium exploration portfolio. The Michigan acreage is geologically analogous to our Topaz project, oering a technically familiar growth opportunity. For a modest price, we are expanding into an area where we can leverage our team’s existing expertise, all while staying true to our disciplined, helium-focused expansion strategy.”
Pulsar acquired all of the issued and outstanding shares of Hybrid from Hybrid’s shareholders for total cash consideration of $80,000.The Transaction is an arm’s-length deal, involving no related parties.
The Michigan mineral rights are situated in a geologic setting analogous to Pulsar’s Topaz helium project in Minnesota. The acreage lies within an ancient sedimentary basin underlain by crystalline basement rocks, similar to the helium-producing Archaean basement at Topaz. Helium is generated from the decay of uranium and thorium in these basement granites, migrating upward into overlying porous sedimentary reservoirs where it can accumulate beneath impermeable seals.
Through its work at Topaz, Pulsar has developed strong expertise in identifying helium migration pathways, mapping subsurface structures and recognizing key seals and traps for helium accumulation. Leveraging this experience, the company sees a logical, lower-risk opportunity to discover additional helium resources in Michigan’s Upper Peninsula. The Board believes that expanding into geologically familiar regions such as Michigan is a prudent way to grow the portfolio while maintaining technical focus. Importantly, Pulsar emphasizes that it remains solely focused on helium exploration and is not pursuing hydrogen, consistent with its core objective of becoming a major helium producer.
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