Canadian helium firm Pulsar plans London float

A Canadian helium exploration company is plotting a UK listing in a boost for the City.

Pulsar Helium may launch on the London Stock Exchange’s junior Aim market this month in a vote of confidence in the capital’s growth market. 

It comes as fears mount over the future of Aim, which has been shrinking amid a wave of takeovers.

Pulsar is preparing to go public in the UK as soon as October 21. 

The company is already listed in Toronto and the US, but is seeking a presence on the London market to access European investors.

It was founded to address a worldwide shortage of helium, exacerbated when the war in Ukraine cut off supply from Russia. 

Helium is essential for key technologies including semiconductor manufacturing, medical imaging, space exploration and green energy.

Pulsar’s British co-founder and chief executive Thomas Abraham-James said the team had not considered any other European market over London.

‘Aim has emerged as a valuable hub for gas companies, which really reflects a growing investor appetite,’ he said. 

‘The UK market is savvy when it comes to energy, exploration and development firms. I hope it’s seen as a boost, that’s how we see it. It seems to be a sector on the exchange getting a lot of momentum and attention.’

Pulsar has big helium projects in Minnesota and Greenland.

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