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Yahoo
06-05-2025
- Business
- Yahoo
Pulsar Helium Announces Results of 2025 Annual General and Special Meeting of Shareholders
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 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, PORTUGAL / / May 6, 2025 / Pulsar Helium Inc. (AIM:PLSR)(TSXV:PLSR)(OTCQB:PSRHF) ("Pulsar" or the "Company"), a primary helium development company, is pleased to announce the results of matters voted on at the Company's Annual General and Special Meeting (the "Meeting") of shareholders held on May 2, 2025. The nomination of Matthew Baumgartner as a nominee director was withdrawn prior to the Meeting, and with no nominations from the floor at the Meeting, the resolutions fixing the number of directors at seven (7) were corrected to six (6), and the votes for Matthew Baumgartner's appointment were withheld. The number of directors of the Company wase fixed at six (6). Detailed results of the vote are as follows: Votes For % Votes For Votes Against % Votes Against 74,942,666 99.55% 337,536 0.45% The nominees listed in the Company's management information circular dated April 2, 2025, (the "Information Circular") were re-elected as directors of Pulsar. Detailed results of the votes for the election of directors are as follows: Name of Nominee Votes For % Votes For Votes Withheld % Votes Withheld Neil Herbert 73,061,483 99.94% 47,095 0.06% Thomas Abraham-James 60,711,487 83.04% 12,397,091 16.96% Jón Ferrier 73,025,730 99.89% 82,848 0.11% Doris Meyer 72,990,588 99.84% 117,990 0.16% Brice Laurent 73,071,039 99.95% 37,539 0.05% Dan O'Brien 73,016,418 99.87% 92,159 0.13% Geoffrey Crow did not stand for re-election and accordingly, as at the close of the Meeting, is no longer a director of Pulsar. Davidson & Company LLP, Chartered Professional Accountants, were re-appointed as auditor of the Company until the next annual general meeting of shareholders of the Company. Detailed results of the vote are as follows: Votes For % Votes For Votes Withheld % Votes Withheld 75,205,146 99.90% 75,056 0.10% The renewal of the Company's Stock Option Plan, as described in the Information Circular, was approved by the shareholders of the Company by ordinary resolution. Detailed results of the vote are as follows: Votes For % Votes For Votes Against % Votes Against 68,335,665 93.47% 4,772,912 6.53% The alteration of the Company's articles to include disclosure notice requirements and restrictions on a default share, as described in the Information Circular, was approved by the shareholders of the Company by ordinary resolution. Detailed results of the vote are as follows: Votes For % Votes For Votes Against % Votes Against 77,584,565 99.28% 524,013 0.72% The Company also announces the appointment of Brad Cage as Vice President Engineering, effective May 2, 2025. Brad Cage has 25 years of experience in the oil and gas industry-including roles at Marathon Oil, EOG Resources, Devon Energy, and Enerquest Oil & Gas. Mr. Cage has overseen engineering activities across multiple basins and contributed to improvements in nearly every major play in the United States. Mr. Cage has played a key role in operational design, production optimization, and the development of new plays, as well as serving as a Reserves and Capital Budget Coordinator. Mr. Cage has conducted extensive research on reservoir rock and fluid interactions, and is recognized for his leadership in traditional and viscoelastic fluids testing and is highly experienced in reservoir analysis. Mr. Cage holds a Bachelor of Science in Petroleum Engineering from Texas A&M University, is a licensed Professional Engineer in Oklahoma, and is a published co-author on papers related to integrated reservoir characterization and viscoelastic fluid testing methods. On behalf Pulsar Helium Inc."Thomas Abraham-James"President, CEO and Director Further Information:Pulsar Helium 1 (218) 203-5301 (USA/Canada)+44 (0) 2033 55 9889 (United Kingdom) Strand Hanson Limited(Nominated & Financial Adviser, and Joint Broker)Ritchie Balmer / Rob Patrick / Richard Johnson+44 (0) 207 409 3494 OAK Securities*(Joint Broker)Jerry Keen (Corporate Broking) / Henry Clarke (Institutional Sales) / Dillon Anadkat (Corporate Advisory)info@ 203 973 3678 BlytheRay Ltd(Financial PR)Megan Ray / Said Izagaren+44 207 138 3204 pulsarhelium@ *OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority. About Pulsar Helium Helium Inc. is a publicly traded company listed on the AIM market of the London Stock Exchange and the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE: Pulsar Helium Inc. View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Atlantic Lithium negotiates with Ghana to revise terms for Ewoyaa lithium project
Atlantic Lithium is in ongoing discussions with the Ghanaian Government to review the fiscal terms of the Ewoyaa lithium project. The Australian miner is seeking adjustments to Ghana's mining revenue framework, which mandates a 10% state free carried interest and a special 13% royalty on lithium production revenue. The negotiations aim to address the impact of falling lithium prices on the project's economic feasibility. These terms have come under scrutiny as lithium prices have plummeted by more than 80% since their peak in 2022, challenging the viability of new lithium mining ventures globally. Atlantic Lithium's general manager, Ahmed-Salim Adam, highlighted the urgency of revising the fiscal terms to Reuters, stating that such changes are critical for the project's survival, according to a report by Reuters. Despite the downturn in the lithium market, Atlantic Lithium aims to advance the Ewoyaa project, working in tandem with the Ghanaian Government and local communities. Atlantic Lithium executive chairman Neil Herbert said: "We are dedicated to working in a spirit of partnership with the Government of Ghana and our host communities to ensure Ewoyaa becomes a flagship project for the country and the region. 'While current lithium prices present headwinds, we believe that through collaboration and prudent fiscal measures, we can advance Ewoyaa to production and deliver lasting value for all stakeholders." The Ewoyaa project boasts a strategic location with excellent infrastructure and has demonstrated its capability to produce spodumene concentrate suitable for electric vehicle batteries. In June 2023, Atlantic Lithium released its definitive feasibility study (DFS) for the Ewoyaa Project, affirming its economic viability with a projected 3.6 million tonnes (mt) of spodumene concentrate production over a 12-year life of mine. The DFS reflects updated mineral reserves of 25.6mt at 1.22% lithium oxide. Atlantic Lithium secured a mine operating permit for the project in October last year, the final regulatory step before construction can commence. "Atlantic Lithium negotiates with Ghana to revise terms for Ewoyaa lithium project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
