LEAD PARAGRAPH: Canada’s Pulsar Helium Inc (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has acquired mineral rights to about 5,742 acres in Michigan for $80,000 in cash, marking the helium explorer’s first entry into the U.S. state as it seeks to expand its footprint in the Upper Midwest region.
The company said on Tuesday it bought 100% of Hybrid Hydrogen Inc, which holds an exclusive option to lease the mineral rights targeting non-hydrocarbon gases, primarily helium, in Michigan’s Upper Peninsula.
The all-cash deal supersedes an all-share transaction structure announced on Oct. 27, 2025.
President and CEO Thomas Abraham-James called it a “remarkably low-cost entry” that strengthens the company’s portfolio. The geology of the Michigan acreage is similar to Pulsar’s flagship Topaz helium project in Minnesota, allowing it to leverage existing expertise, he said.
The acquisition aligns with Pulsar’s strategy of expanding into geologically analogous areas while maintaining a disciplined focus on helium exploration. The company emphasized it is not pursuing hydrogen development.
The Topaz project in Minnesota is a primary helium discovery where appraisal drilling is ongoing. Pulsar has reported high helium concentrations in two wells there, with the presence of a rare and valuable isotope, helium-3, confirmed in one well.
The Michigan transaction is an arm’s-length deal with no related parties involved, Pulsar said.