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Pulsar Helium Announces Receipt of Non-Binding US$12.5 Million Project Financing Expression of Interest from University Bank, Michigan
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBL...
About this update from Pulsar Helium, Inc.
[{"type":"text","content":"Pulsar Helium Announces Receipt of Non-Binding US$12.5 Million Project Financing Expression of Interest from University Bank, MichiganTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS. CASCAIS, PT / ACCESS Newswire / August 15, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) (\"Pulsar\" or the \"Company\"), a leading helium project development company, is pleased to announce that University Bank, a Michigan-based banking company wholly owned by University Bancorp, Inc., has provided a non-binding expression of interest to provide Pulsar with project financing of up to US$12.5 million for the construction of a helium processing plant at the Company's wholly owned Topaz project in Minnesota, USA. University Bancorp, Inc. currently holds approximately 4.9% of Pulsar's issued share capital.The Company also announces that University Bancorp, Inc. has extended the maturity date of the existing US$4 million project financing facility line of credit provided to Pulsar's subsidiary Keewaydin Resources, Inc. from March 31, 2026, to November 30, 2026, in consideration for a 0.75% extension fee on the current drawn amount of US$2.5 million (US$18,750), with the fee payable at maturity.Thomas Abraham-James, President & CEO of Pulsar, commented:\"We are extremely grateful for University Bank's continued support and confidence in Pulsar. Their financing interest of lending Pulsar up to US$12.5 million for the construction of a helium processing plant marks another important step towards delivering the Topaz project into production. This potential funding, alongside the extension of our existing line of credit, strengthens our ability to move forward decisively with construction planning and execution.\"The closing (the \"Closing\") of the proposed financing facility, which is subject to negotiation of definitive documentation and the satisfaction of specific conditions precedent (set out below), ...