Core Viewpoint - Pulsar Helium Inc. is advancing its Topaz helium project in Minnesota, having secured a drilling contract with Timberline Drilling Inc. to drill up to ten wells, with operations expected to start in late September 2025. Recent flow testing results from the Jetstream 1 well indicate significant helium production potential, flowing over 1.3 million cubic feet per day under compression, highlighting the project's viability and the company's strategic direction towards helium production [1][3][10]. Drilling Program - The company has entered a Master Services Agreement with Timberline Drilling Inc. for a core drilling program at the Topaz project, targeting helium-bearing formations at depths of approximately 3,937 feet (1,200 meters) [4][8]. - Drilling is set to begin in late September 2025, with continuous operations planned to efficiently complete the program [5][8]. - The drilling program aims to delineate the extent and productivity of the helium reservoir, with up to ten wells providing flexibility to adjust locations based on results [8]. Flow Testing Results - Jetstream 1 well achieved a peak gas flow rate of approximately 1.3 million cubic feet per day (MMcf/d) under wellhead compression, confirming a clean, helium-bearing gas stream with no formation water [10][11]. - Jetstream 2 well exhibited an initial gas flow of roughly 40–50 thousand cubic feet per day (Mcf/d) and a high initial shut-in pressure, indicating strong reservoir potential despite some flow restrictions [12]. Strategic Partnerships - The company is collaborating with Chart Industries to model production scenarios for helium and co-produced CO₂, utilizing data from Jetstream 1 to guide the design of gas processing and liquefaction equipment [11][12]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and is the first mover in the region, with helium concentrations identified significantly above the economic threshold [13][14].