Pulsar Helium announces Helium-3 Discovery at Jetstream #1, Topaz Project, Minnesota

Core Insights - Pulsar Helium Inc. has made a significant discovery of helium-3 at its Topaz Project in Minnesota, with laboratory results showing sustained concentrations of up to 14.5 parts per billion (ppb) in produced gas, marking it as one of the highest accumulations of naturally occurring helium-3 in a terrestrial gas reservoir globally [1][6][13] Summary by Sections Helium-3 Discovery - The Jetstream 1 well at the Topaz Project has revealed helium-3 concentrations ranging from 1.3 to 14.5 ppb, indicating a high-grade helium source [6][8] - The isotopic ratio of helium-3 to helium-4 in the gas is consistently about 0.09 Rₐ, suggesting a stable and homogeneous helium source [8][12] Economic and Strategic Value - Helium-3 is extremely valuable, with market prices reaching up to US$18.7 million per kilogram, significantly higher than common helium-4 [2][14] - The discovery positions Pulsar as a potential supplier of helium-3, which is critical for advanced technologies such as fusion energy, quantum computing, and neutron detection [15][17] Comparison with Other Sources - Pulsar's helium-3 levels exceed those found in recent discoveries by other companies, such as a peer in Australia that reported sub-ppb levels [13][19] - The helium-3 concentrations at Topaz are comparable to or potentially exceed average lunar concentrations, highlighting the strategic importance of this terrestrial source [3][16] Future Developments - Pulsar plans to conduct a multi-well drilling campaign at Topaz to further explore the helium reservoir and enhance its production capabilities in response to growing global demand [19][22] - The company is actively seeking partnerships for helium-3 separation technologies to produce helium-3 as a pure product [18][22]