Canadian helium company Pulsar plans to float in London

A Canadian helium exploration company is planning to go public in the UK to boost the City.

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

This comes as fears grow over the future of Aim, which has been shrinking amid a wave of acquisitions.

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

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

It was founded to address the global helium shortage, exacerbated when the war in Ukraine cut off supplies 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 markets apart from London.

“Aim has become a valuable hub for gas companies, which really reflects growing investor appetite,” he said.

‘The UK market is smart when it comes to energy, exploration and development companies. I hope it’s seen as an impulse, that’s how we see it. “It seems to be a sector in the stock market that is getting a lot of momentum and attention.”

Pulsar has large helium projects in Minnesota and Greenland.