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Pulsar Helium Reports Completion of Jetstream #7 and Commencement of Down-Hole Logging at the Topaz Helium Project, USA
Globenewswire· 2026-03-18 06:00
Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling at the Jetstream 7 appraisal well, confirming a 100% success rate in encountering pressurized gas across all seven appraisal wells drilled at the Topaz Helium Project in Minnesota, USA, which is expected to enhance the company's commercial potential in helium supply [3][4][11]. Drilling and Testing Updates - The Jetstream 7 well reached a total depth of 2,979 feet (908 meters) on March 10, 2026, and encountered gas at approximately 2,107 feet (642 meters) with a preliminary bottom-hole pressure of about 953 psi [4][6]. - Down-hole logging of Jetstream 7 was completed on March 17, 2026, using a full suite of logging tools to gather detailed geological data [7]. - Flow and pressure build-up testing across the Jetstream wells is anticipated to commence in late March or early April 2026, following standard well preparation [9]. Geological Insights - The processing of 2D active seismic data acquired in February 2026 has been completed, confirming good quality data that will be interpreted to enhance the understanding of the Topaz helium system [10]. - The Topaz Helium Project has identified potentially saleable concentrations of helium, helium-3, and carbon dioxide, with helium-3 being noted for its strategic applications [11]. Company Strategy and Market Position - The company aims to become a leading supplier of primary helium to high-value industrial and specialty gas markets, leveraging the successful drilling campaign and the strategic importance of helium supply from stable jurisdictions [12].
Pulsar Helium Closes Major Minnesota Land Position to the West of Topaz Project
Globenewswire· 2025-12-19 07:00
Core Viewpoint - Pulsar Helium Inc. is advancing its acquisition of Quantum Hydrogen Inc. from Oscillate PLC through an all-share transaction, with updates on share issuance and financial terms [3][5]. Group 1: Transaction Details - The company executed a definitive agreement with Oscillate to acquire up to 100% of Quantum Hydrogen Inc. [3] - An amendment to the agreement was made to define "VWAP" with a minimum price of CAD$0.05, in compliance with TSX Venture Exchange policies [4]. - The company issued 292,560 shares as consideration for the first two monthly tranches of US$80,000 each, with VWAPs of C$0.7797 and C$0.7543 respectively [5]. Group 2: Financial Implications - The remaining tranches of the transaction total US$640,000 and will be satisfied in the coming months [5]. - The shares issued are subject to a hold period of four months and one day from the date of issuance [6]. Group 3: Company Overview - Pulsar Helium Inc. is publicly traded on the AIM market, TSX Venture Exchange, and OTCQB, focusing on helium exploration and development [7][8]. - The company’s portfolio includes the Topaz helium project in Minnesota and the Tunu helium project in Greenland, both identified as primary helium occurrences not associated with hydrocarbon production [8].
Pulsar Helium Closes Major Minnesota Land Position to the West of Topaz Project
Globenewswire· 2025-12-19 07:00
Core Viewpoint - Pulsar Helium Inc. is progressing with its acquisition of Quantum Hydrogen Inc. from Oscillate PLC through an all-share transaction, with updates on share issuance and financial terms [2][4]. Group 1: Acquisition Details - The company has executed a definitive agreement to acquire up to 100% of Quantum Hydrogen Inc., a wholly owned subsidiary of Oscillate PLC [2]. - A letter was executed to amend the agreement, specifically defining "VWAP" to include a minimum price of CAD$0.05 as per TSX Venture Exchange policies [3]. Group 2: Financial Transactions - On December 18, 2025, the company issued 292,560 shares as consideration for the first and second monthly tranches of US$80,000 each, with a VWAP of C$0.7797 for the first tranche and C$0.7543 for the second tranche [4]. - The remaining tranches, totaling US$640,000, will be satisfied in the coming months [4]. Group 3: Shareholder Information - The shares issued in connection with the transaction are subject to a hold period of four months and one day from the date of issuance [5].
Pulsar Helium Announces Definitive Agreement to Acquire Major Minnesota Land Position to the West of Topaz Project
Globenewswire· 2025-11-04 07:00
Core Viewpoint - Pulsar Helium Inc. has signed a definitive agreement to acquire up to 100% of Quantum Hydrogen Inc. from Oscillate plc in an all-share transaction, enhancing its helium project portfolio and significantly increasing its acreage in Minnesota [1][2]. Agreement Terms - Pulsar will acquire 80% of Quantum's issued share capital for a total value of US$400,000, issued in five equal monthly tranches of US$80,000 each, contingent upon TSX Venture Exchange approval [2]. - An option is granted to acquire the remaining 20% of Quantum Shares within eighteen months for an additional US$400,000 in Pulsar Shares under similar terms [2][3]. Transaction Highlights - Quantum's lease option is valued at approximately US$296,000, although it has not yet produced financial statements [5]. - The acquisition will increase Pulsar's gross acreage in Minnesota by approximately 1,000% [6]. Strategic Rationale - The mineral rights acquired are located in a sedimentary basin with geological traits similar to Pulsar's Topaz project, which has shown strong reservoir productivity [6][7]. - The acquisition allows Pulsar to leverage its subsurface knowledge and experience in helium exploration, representing a low-risk expansion of its portfolio [6][7]. Company Overview - Pulsar Helium Inc. is publicly traded on the AIM market, TSX Venture Exchange, and OTCQB, focusing on helium projects in Minnesota and Greenland [8]. - The Topaz project in Minnesota has shown promising results, including a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium concentration of 7-8% [9].
Pulsar Helium Announces Jetstream #3 Encounters Gas With Near-1,000 psi Bottom-Hole Pressure
Globenewswire· 2025-10-30 06:00
Core Insights - Pulsar Helium Inc. has achieved a significant milestone at its Topaz Project in Minnesota with the drilling of the Jetstream 3 well, which has encountered pressurized gas at approximately 960 psi, indicating a highly charged gas reservoir [3][5][7] Drilling Operations - The Jetstream 3 well commenced drilling on October 17, 2025, and is located 0.6 miles (approximately 950 meters) northeast of Jetstream 1 [6][10] - The well has intersected two gas-bearing intervals at depths of approximately 1,717 feet (523 meters) and 2,036 feet (621 meters) [6][7] - The planned total depth for Jetstream 3 is around 3,500 feet (1,067 meters), utilizing a coring method with a hole diameter of 3.8 inches (96 mm) [6][8] Gas Pressure and Reservoir Characteristics - The bottom-hole pressure of Jetstream 3 is estimated at ~960 psi at a depth of 2,167 feet (661 meters), which is significantly higher than the pressures recorded in Jetstream 1 (185 psi) and Jetstream 2 (205 psi) [6][10] - Observations of gas bubbling in the drilling mud during operations indicate an active gas influx from the formation [8][9] Next Steps and Testing - Upon reaching total depth, a comprehensive evaluation will be conducted, including open-hole wireline logs and flow testing to assess well deliverability [9][10] - Core and gas samples will be analyzed in the laboratory to determine gas composition and helium concentrations, including testing for the rare helium-3 isotope previously detected in Jetstream 1 [9][10] Project Overview - The Topaz Project is located in northern Minnesota, where Pulsar is the first mover and holds exclusive leases [10][14] - Previous wells, Jetstream 1 and Jetstream 2, have demonstrated the potential of the helium-rich system, with Jetstream 1 achieving a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium concentration of 7-8% [10][14]
Pulsar Helium Engages Sproule-ERCE for Pre-Feasibility Study at the Tunu Helium-Geothermal Project, Greenland
GlobeNewswire News Room· 2025-06-24 06:00
Core Viewpoint - Pulsar Helium Inc. has signed an agreement with Sproule-ERCE to conduct a Pre-Feasibility Study for the Tunu helium-geothermal project in East Greenland, marking a significant milestone for the company as it advances one of the few primary helium occurrences in Europe [1][2]. Company Overview - Pulsar Helium Inc. is a leading helium project development company, publicly traded on the AIM market of the London Stock Exchange and the TSX Venture Exchange, with a focus on helium and geothermal energy projects [11]. - The company holds exclusive rights for helium exploration in Greenland, being the first to receive a license for helium exploration in the country [6]. Tunu Project Details - The Tunu Project is located on the east coast of Greenland, near Ittoqqortoormiit, and is notable for helium concentrations in sampled hot springs reaching up to 0.8% [5]. - The project also shows significant geothermal energy prospects, with reservoir temperatures estimated between 80°C and 110°C, allowing for potential cogeneration of power and heat [5]. - A passive seismic survey conducted in 2024 identified two main low-velocity anomaly zones, indicating fractured reservoirs that could trap helium [6]. Pre-Feasibility Study (PFS) - The PFS will evaluate existing geothermal opportunities alongside potential helium extraction, utilizing advanced geophysical data interpretation [7]. - The study is led by Sproule-ERCE, which has a strong track record in geothermal resource assessment and project development, having supported over 200 megawatt (MWth) of geothermal heat capacity globally [7]. - The PFS is scheduled for completion by the end of August 2025, providing a robust technical and economic foundation for future project decisions [7]. Strategic Importance - The Tunu project is positioned to support Europe's critical raw materials and clean energy ambitions, with the potential for renewable geothermal power for the local community [4][6]. - The project's location allows for efficient transport of helium to the European market, enhancing its strategic value [6].