Pulsar Helium Appoints Stephen Lange Ranzini to the Board of Directors and as Deputy Chair
View original at globenewswire.comPulsar Helium Appoints Stephen Lange Ranzini to the Board of Directors and as Deputy Chair THIS 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 AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFR…
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Pulsar is the first mover in both Minnesota and Greenland locations with primary helium occurrences not associated with hydrocarbon production
60% confidenceOngoing hostilities in the region have highlighted the vulnerability of global helium supply chains
60% confidenceQatar accounts for approximately a third of global helium production, with exports reliant on shipping routes through the Strait of Hormuz
60% confidenceUNIB has already demonstrated strong support for Pulsar, holding approximately 4.99% of the Company's issued share capital, providing a US$4 million line of credit to support development activities at our Topaz project, and expressing its intention to potentially finance up to US$12.5 million for a helium processing facility.
60% confidenceAssisting Pulsar to complete exploration and preparations for potential development of the Topaz Project into production is a national economic and national security imperative
60% confidenceStephen Lange Ranzini brings deep U.S. financial market expertise, extensive institutional relationships, and a highly accomplished leadership record
60% confidenceStephen Ranzini's appointment represents an important strengthening of Pulsar's senior leadership in the United States
60% confidenceStephen brings deep U.S. financial market expertise, extensive institutional relationships, and a highly accomplished leadership record. As CEO of University Bank, he has overseen its development into one of the top-performing banks in the United States.
60% confidenceQatar accounts for approximately a third of global helium production, with exports reliant on shipping routes through the Strait of Hormuz. Ongoing hostilities in the region have highlighted the vulnerability of global helium supply chains.
60% confidenceStephen's appointment represents an important strengthening of Pulsar's senior leadership in the United States as we continue to build out a top-tier American leadership bench to support the development of our projects and capital markets profile.
60% confidenceStephen's strategic perspective and experience across banking, capital markets and financial infrastructure will provide valuable guidance as Pulsar continues advancing its assets and positioning the Company to deliver long-term value for shareholders.
60% confidenceUNIB has expressed intention to potentially finance up to US$12.5 million for a helium processing facility
60% confidenceUNIB holds approximately 4.99% of Pulsar's issued share capital
60% confidenceStephen Ranzini has overseen University Bank's development into one of the top-performing banks in the United States
60% confidenceAssisting Pulsar to complete the exploration program at its Topaz Project to quantify the size of the discovery and preparations for potential development of the Topaz Project into production as quickly as possible is now a national economic and national security imperative.
60% confidence