- Junior helium miner Pulsar Helium (TSXV:PLSR) has signed a drill contract with Capstar Drilling for its high-grade Topaz project in Minnesota
- The permitted drilling program will begin this quarter guided by Topaz’s Jetstream No. 1 well, one of the highest-content helium discoveries in the world
- Pulsar Helium is a junior mining company developing a pair of first-mover helium projects in Greenland and the United States
- Pulsar Helium stock is up by 116.67 per cent year-over-year and by 79.31 per cent since inception in August 2023
Junior helium miner Pulsar Helium (TSXV:PLSR) has signed a drill contract with Capstar Drilling for its high-grade Topaz project in Minnesota.
The permitted drilling program will begin this quarter guided by Topaz’s Jetstream No. 1 well – also drilled by Capstar – which represents one of the highest-content helium discoveries in the world yielding 8.7-14.5 per cent helium at up to 821,000 cubic feet per day.
Management hopes to increase the well’s depth by 500 metres to reach the full breadth of the supplying reservoir, including up to two step-out wells, and shed light on the next phase of exploration.
Leadership insights
“The signing of the Capstar Drilling contract is a further step forward as we look to commercialize the high-grade Topaz helium project in Minnesota,” Thomas Abraham-James, Pulsar Helium’s president and chief executive officer, said in a statement. “We anticipate that deepening the Jetstream No. 1 well will further validate the economics of the project and confirm the reservoir’s district-scale potential, thus underpinning Topaz as North America’s leading helium and CO2 resource.”
“These are exciting times for Pulsar particularly as mineral security and ‘safe jurisdiction resource development’ increasingly shape investor decision making,” Abraham-James added. “We are receiving strong support across the political spectrum in Minnesota who recognize the statewide benefits of bringing Topaz on-stream. As the project continues to develop at pace, we look forward to keeping the market regularly informed and delivering our strategy for the benefit of all stakeholders.”
About Pulsar Helium
Pulsar Helium is a junior mining company developing a pair of first-mover helium projects in Greenland and the United States.
Pulsar Helium stock (TSXV:PLSR) last traded at C$0.52 per share. The stock is up by 116.67 per cent year-over-year and by 79.31 per cent since inception in August 2023.
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(Top photo of a weekly pressure reading from the Jetstream No. 1 well at Pulsar Helium’s Topaz project in Minnesota: Pulsar Helium)