Pulsar Helium Inc. (TSXV:PLSR) (OTCQB: PSRHF) General Manager of Operations Michael Sturdy joins DirectorsTalk Interviews to discuss the signing of a new drill contract.
In this interview, Pulsar Helium’s General Manager of Operations, Michael Sturdy, shares insights into the company’s upcoming drilling programme, including the recent signing of a new drill contract, operational advantages of using the same rig and crew, and the timeline for obtaining permits and executing the programme. He also discusses the expected news flow and key objectives for expanding the helium exploration at their Minnesota site, providing a glimpse into what stakeholders can anticipate in the coming months.
Pulsar Helium is a primary helium exploration and development company, listed in Canada and the USA. The company focuses on discovering and developing helium resources, which are essential for various industries, including technology, healthcare, and research. Pulsar Helium’s current operations are centred around advancing their projects in Minnesota, where they aim to expand their known helium reservoirs and contribute to the growing demand for this critical resource.
Following this interview Pulsar announced that it has entered into agreements with FlowComms Limited, BlytheRay, and Fundamental Research Corp. in connection with its ongoing application for the admission to trading of the Company’s common shares on AIM.
Established in 2015, FlowComms is a London, U.K. based specialist corporate service provider focused on delivering social media, digital content creation, and market engagement services primarily for small cap listed companies. The Company has engaged FlowComms for an initial period of 3 months (the “Initial Term“), after which time the term shall review automatically on a rolling basis. The agreement is to terminate at the end of the Initial Term or on either party serving notice to terminate of at least 3 calendar months. FlowComms’ monthly fee of £2,430 is to be paid in cash, invoiced upon a quarterly basis in advance; this fee covers up to 20 man-hours per month, with additional hours to be charged at a rate of £125 per hour. FlowComms will provide digital engagement services to the Company that includes maintaining and operating digital tools and social media communications; creating regular original and organic media content about the Company; and building a wide-reaching profile across various investor ecosystems. It will also provide market engagement services, including integrating social media data into a broader communications strategy; designing and disseminating communication flows, video clips, events, conference call marketing etc. to drive investor engagement; working with the Company to engage and collaborate with key investor and social media influencers; and providing input to corporate development workstreams, including presentation materials and service providers. FlowComms advises the Company that it does not currently hold any common shares in the Company; as such, FlowComms and the Company are unrelated and unaffiliated entities.
The Company has engaged London, U.K. based BlytheRay to carry out public relations services and activities for a monthly fee of £2,550 prior to Admission on AIM and a revised monthly fee of £3,500 post Admission on AIM, which the Company will pay from cash on hand. Such services and activities include advising the Company on all aspects of its communications with the investment community and the media; co-advising on the form and content of announcements and press releases; releasing announcements required by the AIM Rules for Companies to a Regulatory Information Service on behalf of the Company; managing the
Company’s social media; and arranging meetings between the Company and analysts, journalists, existing and potential investors. The Company’s agreement with BlytheRay can be terminated by either party giving three months’ notice in writing. BlytheRay has advised the Company that it does not currently hold any common shares in the Company; as such, BlytheRay and the Company are unrelated and unaffiliated entities.
Headquartered in Vancouver, B.C., Fundamental Research provides fee-based coverage to publicly traded companies. The Company has engaged Fundamental Research to produce one initiating coverage report and up to three update reports over a 12-month period (collectively, the “Research Reports“). The Research Reports are to include a full financial analysis and an analysis of the Company’s industry and operations. The fee for the preparation of the Research Reports is $30,000, which the Company has paid from cash on hand upon execution of its agreement with Fundamental Research. Fundamental Research has advised the Company that it does not currently hold any common shares in the Company; as such, Fundamental Research and the Company are unrelated and unaffiliated entities.
The agreements with FlowComms and BlytheRay are subject to the approval of the TSX Venture Exchange.