Pulsar Helium Shareholders Approve Director Re-Elections and Expand Equity Incentive Plan Reserve to 18 Million Shares

Strong Shareholder Support Secures Re-Election of Pulsar Helium Directors

At the 17 July 2026 meeting, Pulsar Helium shareholders re-elected all six incumbent directors, demonstrating robust confidence in the current leadership. Neil Herbert garnered 59,149,582 votes in favour, representing 98.69% support with 785,358 votes withheld. CEO and Director Thomas Abraham-James achieved the highest approval rate at 99.44%, receiving 59,598,306 votes in favour and 336,634 votes withheld.

The other directors—Jón Ferrier, Doris Meyer, Dan O'Brien, and Stephen Ranzini—each secured approval exceeding 99%. Specifically, Jón Ferrier received 59,531,009 votes (99.33%), Doris Meyer 59,417,927 votes (99.14%), Dan O'Brien 59,572,490 votes (99.40%), and Stephen Ranzini led with 59,654,017 votes (99.53%). The board remains fixed at six directors, reinforcing the company’s commitment to a stable governance structure as it advances helium production and strategic initiatives.

Equity Incentive Plan Reserve Expanded to 18 Million Shares to Enhance Talent Retention

Shareholders approved a significant increase in the Equity Incentive Plan reserve from 7,414,028 to 18,000,000 common shares, adding 10,585,972 shares to the pool available for issuance. The resolution passed with 51,545,020 votes in favour (86.00%) and 8,389,919 against (14.00%), reflecting strong but not unanimous support.

The plan facilitates the issuance of restricted share units (RSUs), performance share units (PSUs), and deferred share units (DSUs) to directors, officers, employees, and consultants of Pulsar Helium and its subsidiaries. By expanding the reserve, the company strengthens its ability to use equity-based incentives as a strategic tool for attracting and retaining key talent, a common practice among junior and mid-tier resource firms aiming to conserve cash while offering competitive compensation aligned with operational growth.

Stock Option Plan Renewal and Equity Incentive Plan Amendments Gain Shareholder Approval

Shareholders also approved the renewal of the Stock Option Plan by ordinary resolution, with 51,570,887 votes in favour (86.04%) and 8,364,052 against (13.96%). This renewal maintains the plan’s validity for granting stock options to eligible participants, supporting continuity in the company’s equity compensation framework.

Additionally, amendments to the Equity Incentive Plan were approved with 51,545,020 votes for (86.00%) and 8,389,919 against (14.00%). These amendments, outlined in the management information circular dated 15 June 2026, aim to modernize and streamline plan operations to align with evolving governance standards and shareholder expectations. The approvals indicate investor endorsement of Pulsar Helium’s incentive compensation approach as consistent with industry best practices.

Davidson & Company LLP Re-Appointed as Auditor with Strong Shareholder Backing

Davidson & Company LLP, Chartered Professional Accountants, was re-appointed as Pulsar Helium’s auditor until the next annual general meeting, receiving 61,970,472 votes in favour (99.38%) and only 387,105 votes withheld (0.62%). This overwhelming support reflects shareholder confidence in the auditor’s oversight of the company’s financial reporting and internal controls.

Maintaining the same auditor provides continuity and deeper familiarity with Pulsar Helium’s operations, financial systems, and risk profile, ensuring consistent audit quality as the company advances its helium production and development projects.

Pulsar Helium’s Position as a Dedicated Primary Helium Producer

Pulsar Helium Inc operates as a primary helium producer, distinct from companies extracting helium as a by-product. The company is listed on the AIM market in London (ticker PLSR), the TSX Venture Exchange in Canada (ticker PLSR), and the OTCQB market in the U.S. (ticker PSRHF), reflecting its multinational investor base and capital-raising strategy. This multi-exchange presence offers shareholders diverse trading options and access to global capital markets.

As of July 2026, Pulsar Helium’s registered office is in Cascais, Portugal, highlighting its European operational footprint. Primary helium production requires specialized infrastructure and expertise, with higher capital intensity compared to integrated hydrocarbon producers. The company is well-positioned to benefit from rising industrial and medical helium demand, including applications in semiconductors, healthcare, aerospace, and scientific research.

High Shareholder Engagement Demonstrated Through Voting Participation

The Annual General and Special Meeting witnessed significant shareholder participation, with approximately 60.36 million votes cast on director elections. The vote to maintain the board at six directors attracted 62,357,577 votes (61,901,894 for and 455,683 against), underscoring strong shareholder engagement.

Detailed voting disclosures for each director nominee provide transparency on shareholder views, with consistent approval rates between 98.69% and 99.53% indicating unified confidence in the board. This transparency aligns with enhanced corporate governance standards applicable to AIM-listed and Canadian junior issuers.

Capital Allocation Strategy Reflected in Expanded Equity Incentive Reserve

The 43% increase in the Equity Incentive Plan reserve to 18,000,000 shares represents a strategic capital allocation decision favoring equity-based compensation over cash. This approach helps preserve cash for operational and strategic investments while supporting anticipated growth in staffing and operations.

The plan’s flexibility, offering RSUs, PSUs, and DSUs, allows tailored incentive structures for different participant groups and performance goals, critical for retaining skilled professionals in exploration, geology, and production engineering within the resource sector.

Investor Sentiment Reflected in Approval Margins for Equity Compensation Measures

While the Stock Option Plan renewal, Equity Incentive Plan amendments, and reserve increase each received approximately 86% approval, these margins were lower than those for director elections and auditor re-appointment. This pattern is typical, as equity dilution proposals often attract greater scrutiny from institutional investors.

Nonetheless, the clear majority support indicates that most shareholders find the company’s incentive remuneration approach reasonable and aligned with shareholder interests, with no resolutions failing or facing significant opposition.

Helium Market Dynamics and Pulsar Helium’s Strategic Outlook

The helium industry has experienced volatility due to supply-demand imbalances, geopolitical factors, and fluctuating demand from key sectors. Pulsar Helium’s focus on primary helium production offers pure-play exposure to this market, with potential value creation if helium prices remain strong amid growing demand from semiconductor manufacturing, medical imaging, aerospace, and scientific research.

The company’s multi-exchange listing reflects the global nature of helium markets and investor interest in dedicated helium producers. The recent equity compensation expansions and strong shareholder backing suggest confidence in Pulsar Helium’s ability to capitalize on medium- to long-term market opportunities through operational excellence and effective talent retention.