Latest news with #Cascais
Forbes
5 days ago
- Entertainment
- Forbes
Why The Portuguese Riviera Should Be On Your Real Estate Radar
Glilttering, glamorous Cascais Bay. Rich in stories of intrigue, romance and, long before the 20th century served up Agent 007, fishermen's tales. Alexandre Rotenberg/Shutterstock. From exiled royals to double agents real and imagined, the elegant Portuguese Riviera town of Cascais and its near neighbor, Estoril, harbor stories galore. This wealthy municipality west of Lisbon was a turn-of-the-century haunt for aristocrats in search of its therapeutic thermal waters, before finding wartime fame in the 1940s as a den of espionage on both sides thanks to Portugal's neutrality. While holed up in the Palacio Estoril and working for British Intelligence, the writer Ian Fleming invented the world's most famous spy here. Played by George Lazenby in the 1969 film On Her Majesty's Secret Service , Agent 007 emerges from the waves on Estoril's golden shore after rescuing a drowning damsel in distress. It's also where Edward, Duke of Windsor, retreated to with his own distressed damsel, Wallis Simpson, after abdicating from his short-lived stint on the British throne. Tucked neatly between Cascais and Estoril, Monte Estoril was developed as a 19th-century resort for the well-heeled. For 21st-century wellness and pleasure-seekers, its riches lay in smart new developments. Alexandre Rotenberg/Shutterstock Indicative of the area's modern-day desirability, it's where among the secluded pines of Quinta da Marinha on the verdant headland that sits between Cascais and the Atlantic ocean, football superstar Cristiano Ronaldo is building one of the most expensive houses in Portugal, reported to cost around €20 million (~$23.2m). His 300-square-meter (3,330 sq ft) primary suite alone could comfortably house a family mansion. For a century or more, this edge-of-Europe location has been a safe haven. An Eden to many. And so it's fitting that today, as global wealth seeks safe harbors in uncertain times, they are gravitating to this genteel spot whose new focus for development is Monte Estoril on Cascais Bay, where the old Hotel Eden once stood. Occupying prime position between sea and the famed Jardim dos Passarinhos, the luxury apartments—including the full-floor penthouse—at the new MyEden development sold out even before a sales brochure was produced Render courtesy Portugal Forbes Global Properties In its place, rising from the rubble, is the 12-story MyEden, designed by the award-winning Portuguese architect Pedro Reis. His vision for the building includes draping the new Eden in greenery, creating vertical gardens that provide a seamless link between the famous grounds of the Jardim dos Passarinhos behind the old hotel and the sea in front. Interiors and artistic direction come from the French designer with a suitably stellar name, Philippe Starck. This is his first Portuguese hotel—a five-star, boutique affair with 33 rooms. And above will be 32 apartments designed by Reis, including 'the crown jewel of Portugal,' according to Francisco Garcia, partner of Portugal Forbes Global Properties. He's referring to the penthouse that occupies the entire top floor of the building, with 500 square meters (around 5,380 sq ft) of open internal space all on one level. And the same size again in external space, where nothing but some softening foliage comes between you and the glistening ocean. 'At low tide, you can open the windows, smell the sea and hear the waves,' says Garcia. Key to architect Pedro Reis's design for MyEden is a lush drapery of greenery—a vertical garden worthy of the new building's name. Render courtesy Portugal Forbes Global Properties Starck—who has lived in Cascais, and works between Paris and Lisbon—is similarly mesmerized by the big blue. 'The waves. The waves. If I make a caricature, I shall say that I am here for the waves,' he rhapsodized in a speech about Cascais to a gathering of local Town Hall grandees a few years ago. 'When there is waves, there is happiness, which fills me. It's the real power of nature.' 'The demand for homes in frontline Estoril is there, but there is legislation that makes it impossible to build. Without that, we'd have a skyline like Miami to meet demand.' Francisco Garcia, Portugal Forbes Global Properties For Cascais, the MyEden project sets a new price benchmark for this part of the Lisbon coast. Prices have been rising consistently in Cascais for the past 10 years, with Vila de Cascais and Estoril recording the highest average apartment prices across the whole market, nudging €10,000 (~$11,600) per square meter), according to property market data from Confidencial Imobiliário. At MyEden, they average €25,000 ($29,000) per square meter, and elsewhere in prime Monte Estoril, large (upwards of 250 square meters/2,690 square feet) penthouses and duplexes with sea views can command €6 million-plus. Philippe Starck designed MyEden's lower three floors—a five-star-standard hotel with spa, indoor and outdoor pools, fitness facilities, restaurant and concierge. Render courtesy Portugal Forbes Global Properties Next to MyEden, the existing InterContinental Cascais-Estoril, which also has luxury residences above its hotel rooms, 'has proven to be the most exclusive and expensive real estate in Portugal, per square meter,' Garcia says. 'The demand for homes in frontline Estoril is there, but there is legislation that makes it impossible to build. Without that, we'd have a skyline like Miami to meet demand.' By virtue of snaring an already-developed prime beach site, however, Brazilian investment bank BTG Pactual (for whom this is their first Portuguese real estate venture) and local partner, asset managers Sostate, are creating something 'epic,' says Garcia. 'MyEden feels like a continuation of the InterContinental. It's taking that as its guide, upgrading it, making it more boutique with half the number of hotel rooms, and bringing in a internationally renowned brand in Starck.' Luiz Godinho Lopes, director at Sostate, adds: 'We've been working on MyEden, in partnership with hospitality developer Pedro Mendes Leal, for the past 18 years. I believe the outcome reflects our hard work—I couldn't be prouder.' "The crown jewel of Portugal" is how Francisco Garcia, partner at Portugal Forbes Global Properties, describes the 500sqm (5,382 sq ft)penthouse apartment at MyEden. Occupying the entire top floor, it has an equally generous outdoor footprint and panoramic Atlantic views. Render courtesy Portugal Forbes Global Properties BTG have pinned their colors to the Cascais mast by already working on their second project locally, Hotel Oitavos in Quinta da Marinha, where serviced apartments will be operated by the Brazilian brand Fasano. 'With Eden as our first project in Portugal, we have set a high bar for [Hotel Oitavos]' comments Rui Ruivo, partner at BTG Pactual. Luiz Godinho Lopes, director at Sostate, adds that 'we've been working on 'My Eden' for the last 18 years and I believe the outcome reflects our hard work. We couldn't be prouder.' The Oitavos Fasano at Quinta da Marinha is another hotel/residence answering the demand of luxury buyers and investors. Set to open in 2028, Brazil's Fasano Group will transform the current Oitavos hotel into 96 suites and 44 branded residences. Portugal Forbes Global Properties To Portugal's super-rich, Cascais need little introduction—all of the residences in MyEden sold off-plan, even before a sales brochure was produced. 'Cascais has the biggest concentration of wealth in Portugal. If you work in Lisbon and you're wealthy, you live in Cascais,' says Garcia. The same applies if you work in London for one globally mobile commuter who lives in the InterContinental. 'He arrives by private plane on Monday and returns on Wednesday,' Garcia comments, noting that the private airstrip is just a 15-minute drive away. A moneyed haven it may be, but this stretch of the Portuguese Riviera remains a relatively understated one (how else would it harbor all those spies?), devoid of Saint-Tropez or Marbella bling. You will need millions to live on the seafront here, but the greatest pleasures are free. 'Sunsets over Cascais Bay,' says Garcia. And the waves. The waves. Portugal Forbes Global Properties is a member of Forbes Global Properties, the invitation-only network of top-tier brokerages worldwide and the exclusive real estate partner of Forbes.
The Hindu
11-07-2025
- Sport
- The Hindu
Big Bay, who has been well-prepared, is expected to score in the Coromandel Gromor Bangalore Million
Big Bay, who has been well-prepared, is expected to score in the Coromandel Gromor Bangalore Million (1,400m), the chief event of the races to be held here on Saturday (July 12). False rails (width about 3m from 1,600m to the winning post) will be in position. 1. SQUANDERER CUP (1,400m), rated 00 to 25, 1.30 p.m.: 1. Cascais (6) Akshay K 62.5, 2. Honeypot (2) Angad 62.5, 3. Verrazzano (3) Suraj 62, 4. Martha (7) M. Rajesh K 61, 5. Royal Whisper (1) Darshan 60, 6. Sea Diamond (5) Vinod Shinde 60, 7. Ice Storm (8) Shivam 59.5 and 8. Southernaristocrat (4) C. Umesh 57. 1. VERRAZZANO, 2. CASCAIS, 3. ROYAL WHISPER 2. KOLKATA CUP (1,400m), rated 40 to 65, 5-y-o & over, 2.00: 1. Prime Abbess (7) Neeraj 61.5, 2. Blue God (1) Antony 59, 3. Aquamatic (6) Akshay K 58.5, 4. Gimmler (4) G. Vivek 58.5, 5. Mystical Air (3) Ramswarup 55.5, 6. Super Marvella (8) J. Chinoy 55.5, 7. Dufy (2) Shivam 53.5 and 8. Stravinsky (5) Angad 50.5. 1. BLUE GOD, 2. AQUAMATIC, 3. STRAVINSKY 3. DELHI CUP (1,600m), rated 20 to 45, 2.30: 1. Alamgir (7) Pavan 62, 2. Sassy Sarah (5) Darshan N 62, 3. Final Call (10) Neeraj 61.5, 4. Mahler (4) Trevor 59.5, 5. Luca (8) Ritesh Gochhi 58.5, 6. Multi Success (6) Suraj 58.5, 7. N R I Victory (1) Antony 58.5, 8. Victoriaraya (3) R. Vaibhav 57.5, 9. Tropical Paradise (2) P.P. Dhebe 55, 10. CR Seven (11) Angad 54 and 11. Legendary Impact (9) Koshi K 53.5. 1. FINAL CALL, 2. N R I VICTORY, 3. MAHLER 4. MYSORE CUP (1,400m), rated 20 to 45, 3.00: 1. Your Unforgettable (1) Trevor 61.5, 2. Carat Love (9) Dhanu S 60.5, 3. Hyperdrive (2) Pavan 59, 4. Lockheed (4) Shreyas S 58, 5. Star Of India (6) Neeraj 57.5, 6. Breeze Bluster (3) Koshi K 56, 7. Double Vision (8) Shivam 55.5, 8. Lex Luthor (7) C. Umesh 55 and 9. The Commander (5) Tousif 53. 1. YOUR UNFORGETTABLE, 2. STAR OF INDIA, 3. HYPERDRIVE 5. HOOVES OF STEEL MILLION (Div. I), (1,400m), maiden 3-y-o only, (Terms), 3.30: 1. Agrador (7) Akshay K 56, 2. Darrington (2) Arvind K 56, 3. Konkrah (1) Sandesh 56, 4. Turf Paradise (6) Suraj 56, 5. Emerald Touch (8) Ashhad Asbar 54.5, 6. Maana (4) Antony 54.5, 7. Seina (5) C. Umesh 54.5 and 8. Silver Quest (3) C.A. Brisson 54.5. 1. AGRADOR, 2. MAANA, 3. KONKRAH 6. COROMANDEL GROMOR BANGALORE MILLION (1,400m), 3-y-o only, (Terms), 4.00: 1. Big Bay (6) Yash 57, 2. Bishop (7) G. Vivek 55, 3. Echoes Of Time (1) Antony 55, 4. Sicyon (3) Sandesh 55, 5. Ice Of Fire (2) Trevor 53.5, 6. Ange Raphael (8) C. Umesh 52, 7. Hanumanmahabala (4) Neeraj 52 and 8. Night Raider (5) Arvind K 52. 1. BIG BAY, 2. BISHOP, 3. ICE OF FIRE 7. CHENNAI CUP (1,600m), rated 60 to 85, 4.30: 1. Livermore (8) G. Vivek 62.5, 2. All Attraction (6) Girish R 57, 3. Sekhmet (7) Hindu S 56, 4. Emphatic (4) Trevor 55.5, 5. Bashir (5) Antony 55, 6. Invincible (1) M. Rajesh K 53.5, 7. Rock Bank (3) Akshay K 52 and 8. Finley (2) A. Prakash 50. 1. EMPHATIC, 2. ROCK BANK, 3. LIVERMORE 8. HOOVES OF STEEL MILLION (Div. II), (1,400m), maiden 3-y-o only, (Terms), 5.00: 1. Luke The Nuke (2) C. Umesh 56, 2. Renoir (1) A. Prakash 56, 3. Unforgettable Star (6) Suraj 56, 4. Zorawar (-) (-) 56, 5. Adornment (3) Akshay K 54.5, 6. Knotty Cruise (5) G. Vivek 54.5, 7. Neptune (4) Sandesh 54.5 and 8. Nijinsky Star (7) Antony 54.5. 1. KNOTTY CRUISE, 2. NEPTUNE, 3. ADORNMENT Day's best: YOUR UNFORGETTABLE Double: BIG BAY - EMPHATIC Jkt: 4, 5, 6, 7 and 8; Tr (i): 3, 4 and 5; (ii): 6, 7 and 8.
Yahoo
10-07-2025
- Entertainment
- Yahoo
American mom shocked by one striking difference in European parenting style: ‘This is how kids learn'
While enjoying a vacation in Portugal with her husband, momfluencer Erin Monroe (@ ) pointed out how different European children are from American children. In the TikTok video, Monroe — who has three kids of her own — noticed that 'The culture around kids here is so different than it is in the States. The kids are just everywhere, they're part of everything.' The mom explained that while she was dining at a restaurant in Cascais, Portugal, she noticed a large group of kids, ranging in age, playing soccer in an open area next to the establishment, and said that she heard what sounded like at least four different languages being spoken. 'There was one older kid who was actively translating for the other kids,' she recalled. 'It's so interesting to me because the language barrier isn't even really a barrier. Especially for kids, they don't care.' Monroe also said the parents were just enjoying wine and bread inside the restaurant, and appeared to be leaving the kids to their own fun. Meanwhile, in America — parents often shove screens in front of kids' faces to keep them occupied and quiet. Of course, anytime there's a Europe versus the US comparison — people online love to chime in with their opinions. 'Love how Americans discover the world,' one snarky commenter wrote. 'This is how kids learn to socialize. How do they learn it in the States?' asked someone else. 'American living in Greece here… kids are everywhere and with the family all the time. Kids sleep at the tavernas on the chairs till 1 am …. Life is so different than being in the states,' a comment explained. 'I don't feel, as a parent in the U.S., that my kids are as welcomed in public spaces as I observed them being welcomed in Portugal,' the mom said, agreeing with many commenters in a follow-up video. This video is the latest in a string of anti-tourist sentiments from European locals. However, a recent poll of European tourism experts revealed that while people from different European countries generally tend to perceive Americans as annoying, rude and entitled, there are some things they can appreciate about travelers from across the pond. Experts from several countries, like Italy and Greece, noted that their countrymen especially appreciate generous American tipping culture — there's a first. In France, they appreciate Americans' eagerness for their country. 'Even after two hours, they [Americans] remain enthusiastic and eager for more,' Marie-Cécile Ruault-Marmande of the National Museum of Pre-History in the Dordogne gushed. 'They appreciate very detailed explanations, exhibiting a great capacity for amazement.'
Yahoo
24-06-2025
- Business
- Yahoo
Pulsar Helium Engages Sproule-ERCE for Pre-Feasibility Study at the Tunu Helium-Geothermal Project, Greenland
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, June 24, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ('Pulsar' or the 'Company'), a leading helium project development company, is pleased to announce the signing of an agreement with leading global energy consultancy, Sproule-ERCE ('Sproule-ERCE'), to conduct a Pre-Feasibility Study ('PFS') at the Company's Tunu helium-geothermal project in East Greenland ('Tunu' or the 'Project'). The engagement marks a significant milestone for Pulsar as it advances Tunu, which is one of the few primary helium occurrences in Europe. Highlights The PFS will evaluate the existing geothermal opportunities in more detail alongside potential helium extraction. Geothermal opportunities have been identified through advanced interpretation of existing geophysical data, including a recently completed passive seismic survey, which has revealed previously unrecognised subsurface anomalies consistent with geothermal prospectivity. A PFS is now underway to assess the dual resource potential at Tunu, led by Sproule-ERCE's internationally recognised geothermal team, which has supported over 200 megawatt ('MWth') of geothermal heat capacity and performed over 40 geothermal feasibility studies and geothermal construction projects globally. Sproule-ERCE's global expertise will be key to de-risking Tunu and unlocking its newly discovered potential shaping its next development phase. The PFS is scheduled for completion by the end of August 2025, providing Pulsar with a robust technical and economic foundation for future project decisions. Thomas Abraham-James, President & CEO of Pulsar, commented: 'We are delighted to partner with Sproule-ERCE, whose deep expertise and global track record in geothermal and resource consulting is second to none. The Tunu project is a unique opportunity, combining primary helium and geothermal energy potential in a highly strategic location. This Pre-Feasibility Study could be a crucial step in unlocking additional value for our shareholders and support Europe's critical raw materials and clean energy ambitions. We look forward to sharing results as the study progresses.' About the Tunu Project Pulsar's Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit and the Scoresby Sound fjord system. The Project is notable for being one of the few primary helium occurrences identified in Europe, with helium concentrations in sampled hot springs reaching up to 0.8%, and also demonstrates significant geothermal energy prospects with reservoir temperatures estimated between 80°C and 110°C, making cogeneration of power and heat potentially feasible. The gas composition is primarily nitrogen and helium, and is not associated with hydrocarbons, which is rare among global helium projects. A 2024 passive seismic survey identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium and provide targets for exploratory drilling, aligning with surface hydrothermal activity and faults linked to gas emissions. Pulsar holds first mover advantage for helium in Greenland, and is the first company to receive a licence for helium exploration in the country, granting exclusive rights for helium, hydrogen, and other minerals (excluding hydrocarbons and radioactive elements), and the Project's location allows for efficient transport of helium to the European market while also offering the potential for renewable geothermal power for the local community. The Tunu Project comprises exclusive Special Mineral Exploration Licence 2021-45 (MEL-S 2021/45) and a Non-Exclusive Mineral Prospecting Licence. In accordance with the 'Application procedures and standard terms for mineral exploration and prospecting licences in Greenland', in November 2024 the Company applied for an exclusive exploration licence on normal terms for part of the licence area that contains the Kap Tobin prospect. The application has advanced to 'License Pending' status on the Greenland registry, and the Company expects to receive formal confirmation shortly. This licence will replace MEL-S 2021/45 that was due to expire on 31 December 2024 and will have an initial term of five years, which is extendable, subject to meeting certain conditions, to a maximum term of 22 years. About Sproule-ERCE Sproule-ERCE is a global leader in energy consulting, providing technical, commercial, and operational expertise across the energy value chain, with a strong track record in geothermal resource assessment and project development. Learn more here: 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*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. BlytheRay Ltd(Financial PR) Megan Ray / Said Izagaren+44 207 138 3204pulsarhelium@ About Pulsar Helium Inc. Pulsar 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. Forward-Looking Statements This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the potential impact for conducting geophysical surveys, drilling future wells, and a pre-feasibility study at the Tunu Project. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals. No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. No un-risked Contingent and Prospective Helium Volumes have been defined at the Tunu Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance. Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the AIM Admission Document published on October 14, 2024 found on the Company's web site at Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Pulsar Helium Engages Sproule-ERCE for Pre-Feasibility Study at the Tunu Helium-Geothermal Project, Greenland
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, June 24, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ('Pulsar' or the 'Company'), a leading helium project development company, is pleased to announce the signing of an agreement with leading global energy consultancy, Sproule-ERCE ('Sproule-ERCE'), to conduct a Pre-Feasibility Study ('PFS') at the Company's Tunu helium-geothermal project in East Greenland ('Tunu' or the 'Project'). The engagement marks a significant milestone for Pulsar as it advances Tunu, which is one of the few primary helium occurrences in Europe. Highlights The PFS will evaluate the existing geothermal opportunities in more detail alongside potential helium extraction. Geothermal opportunities have been identified through advanced interpretation of existing geophysical data, including a recently completed passive seismic survey, which has revealed previously unrecognised subsurface anomalies consistent with geothermal prospectivity. A PFS is now underway to assess the dual resource potential at Tunu, led by Sproule-ERCE's internationally recognised geothermal team, which has supported over 200 megawatt ('MWth') of geothermal heat capacity and performed over 40 geothermal feasibility studies and geothermal construction projects globally. Sproule-ERCE's global expertise will be key to de-risking Tunu and unlocking its newly discovered potential shaping its next development phase. The PFS is scheduled for completion by the end of August 2025, providing Pulsar with a robust technical and economic foundation for future project decisions. Thomas Abraham-James, President & CEO of Pulsar, commented: 'We are delighted to partner with Sproule-ERCE, whose deep expertise and global track record in geothermal and resource consulting is second to none. The Tunu project is a unique opportunity, combining primary helium and geothermal energy potential in a highly strategic location. This Pre-Feasibility Study could be a crucial step in unlocking additional value for our shareholders and support Europe's critical raw materials and clean energy ambitions. We look forward to sharing results as the study progresses.' About the Tunu Project Pulsar's Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit and the Scoresby Sound fjord system. The Project is notable for being one of the few primary helium occurrences identified in Europe, with helium concentrations in sampled hot springs reaching up to 0.8%, and also demonstrates significant geothermal energy prospects with reservoir temperatures estimated between 80°C and 110°C, making cogeneration of power and heat potentially feasible. The gas composition is primarily nitrogen and helium, and is not associated with hydrocarbons, which is rare among global helium projects. A 2024 passive seismic survey identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium and provide targets for exploratory drilling, aligning with surface hydrothermal activity and faults linked to gas emissions. Pulsar holds first mover advantage for helium in Greenland, and is the first company to receive a licence for helium exploration in the country, granting exclusive rights for helium, hydrogen, and other minerals (excluding hydrocarbons and radioactive elements), and the Project's location allows for efficient transport of helium to the European market while also offering the potential for renewable geothermal power for the local community. The Tunu Project comprises exclusive Special Mineral Exploration Licence 2021-45 (MEL-S 2021/45) and a Non-Exclusive Mineral Prospecting Licence. In accordance with the 'Application procedures and standard terms for mineral exploration and prospecting licences in Greenland', in November 2024 the Company applied for an exclusive exploration licence on normal terms for part of the licence area that contains the Kap Tobin prospect. The application has advanced to 'License Pending' status on the Greenland registry, and the Company expects to receive formal confirmation shortly. This licence will replace MEL-S 2021/45 that was due to expire on 31 December 2024 and will have an initial term of five years, which is extendable, subject to meeting certain conditions, to a maximum term of 22 years. About Sproule-ERCE Sproule-ERCE is a global leader in energy consulting, providing technical, commercial, and operational expertise across the energy value chain, with a strong track record in geothermal resource assessment and project development. Learn more here: 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*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. BlytheRay Ltd(Financial PR) Megan Ray / Said Izagaren+44 207 138 3204pulsarhelium@ About Pulsar Helium Inc. Pulsar 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. Forward-Looking Statements This news release and the interview contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the potential impact for conducting geophysical surveys, drilling future wells, and a pre-feasibility study at the Tunu Project. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals. No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. No un-risked Contingent and Prospective Helium Volumes have been defined at the Tunu Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance. Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as under "Cautionary Note Regarding Forward Looking Statements and Market and Industry Data" and "Risk Factors" in the AIM Admission Document published on October 14, 2024 found on the Company's web site at Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
