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Pulsar Helium Appoints Cliff Cain as Manager of Commercial and External Affairs and Announces Completion of Jetstream #4 with Increased Bottom-Hole Pressure
Globenewswire· 2025-11-26 07:00
Core Insights - Pulsar Helium Inc. has appointed Cliff Cain as Manager of Commercial & External Affairs, enhancing its leadership team and commercial strategy [3][5][10] - The company has successfully completed drilling at Jetstream 4, reaching a total depth of 3,000 feet (914 meters) and encountering promising helium-bearing intervals [6][15] - The drilling rig is being relocated to Jetstream 5, with a target depth of 5,000 feet (1,524 meters), indicating ongoing commitment to an aggressive multi-well drilling campaign [16][21] Leadership Appointment - Cliff Cain brings over 15 years of experience in the helium and specialty gas industries, having negotiated over $100 million in gas supply agreements [9][12] - His role will focus on strengthening Pulsar's market positioning and transitioning the company from exploration to development and revenue generation [10][11] Drilling Progress - Jetstream 4 drilling encountered a bottom-hole pressure of approximately 887 psi at a depth of 1,897 feet (578 meters), an increase from previously reported levels [15] - The company plans to conduct simultaneous testing on Jetstream 3 and 4 to optimize capital deployment and accelerate data collection [17] Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and has successfully drilled multiple appraisal wells [21][24] - Recent flow tests from Jetstream 1 indicated a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained helium content of 7–8% [21] Corporate Developments - Strand Hanson Limited has been appointed as the sole broker for the company, while ShareTalk Ltd will assist in investor communications for a fee of £3,000 over six months [19][20] - The agreement with ShareTalk can be terminated by either party without notice, ensuring flexibility in investor relations [20]
Pulsar Helium Reports Pressurised Gas Encounter at Jetstream #4 as Appraisal Drilling Advances
Globenewswire· 2025-11-18 07:00
Core Viewpoint - Pulsar Helium Inc. has successfully commenced drilling the Jetstream 4 well, encountering pressurized gas, which indicates a strong gas reservoir and reinforces the geological model established from previous wells [3][5][8]. Drilling Operations - The Jetstream 4 well began drilling on November 9, 2025, and has reached a depth of 1,457 feet (444 meters) with a calculated bottom-hole pressure of approximately 674 psi [3][8]. - The well is located 0.4 miles (~600 meters) south of Jetstream 3 and 0.1 miles (~250 meters) north of Jetstream 1 at the Topaz helium project in Minnesota [7]. - Jetstream 4 has a planned total depth of approximately 3,000 feet (914 meters) and is being drilled using a coring method with a hole diameter of 3.8 inches (96 mm) [7][9]. Gas Encounter and Pressure Readings - Gas-bearing intervals were encountered at depths of approximately 1,187-1,277 feet (362-389 meters) and 1,327-1,437 feet (404-438 meters) [7][8]. - The bottom-hole pressure of 674 psi at 1,457 feet (444 meters) is a strong indicator of a pressurized reservoir, complementing the 960 psi recorded in Jetstream 3 [7][10]. Future Steps and Testing - Upon reaching total depth, both Jetstream 3 and Jetstream 4 will undergo comprehensive evaluations, including open-hole wireline logs and flow testing [10]. - Laboratory analysis will determine gas composition and helium concentrations, including testing for helium-3, which was previously detected in Jetstream 1 [10][11]. Project Overview - The Topaz project is located in northern Minnesota, where Pulsar holds exclusive leases and is the first mover in the area [11][15]. - Previous wells, including Jetstream 1 and Jetstream 2, have successfully penetrated helium-bearing reservoirs, with Jetstream 1 achieving a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained flow of 7-8% helium [11].
Pulsar Helium Advances Appraisal Programme with Completion of Jetstream #3 And Commencement of Testing; Rig Mobilised to Jetstream #4, Topaz Project, Minnesota, USA
Globenewswire· 2025-11-11 07:00
Core Viewpoint - Pulsar Helium Inc. has successfully completed drilling the Jetstream 3 appraisal well at its Topaz Project in Minnesota, indicating strong potential for helium production in North America [3][5][6]. Group 1: Drilling Operations - The Jetstream 3 well reached a total depth of 3,507 feet (1,069 meters) and successfully penetrated the entire interpreted helium-bearing interval [7]. - The drilling campaign includes up to 10 wells aimed at defining the geometry, extent, and productivity of the helium reservoir at Topaz [5]. - Drilling of Jetstream 4 commenced on November 9, 2025, with a target depth of 3,000 feet (914 meters) [7]. Group 2: Pressure Readings and Reservoir Potential - Initial bottom-hole pressure readings from Jetstream 3 exceeded expectations, with a calculated pressure of approximately 960 psi, indicating a robust reservoir [7]. - For comparison, Jetstream 1 and Jetstream 2 had well-head pressures of 185 psi and 205 psi, respectively, highlighting the significant improvement in pressure at Jetstream 3 [7]. Group 3: Future Plans and Assessments - The company plans to conduct a comprehensive evaluation of Jetstream 3, including geological and petrophysical data collection through open-hole wireline logs [7]. - A Preliminary Economic Assessment (PEA) is expected to be conducted in H1 2026 as part of the company's commitment to realizing Topaz's production potential [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].
Global Helium Corp. Announces Completion of Plan of Arrangement and Go-Private Transaction
Globenewswire· 2025-10-31 20:30
Core Points - Global Helium Corp has completed its acquisition by 2679158 Alberta Ltd under a plan of arrangement [1] - Shareholders have elected to receive cash and common shares as consideration for their shares [2] - The Arrangement Resolution was approved by approximately 97.4% of shareholders at a special meeting [3] - A final court order approving the arrangement was obtained on October 23, 2025 [4] - The Company's common shares are expected to be delisted from the Canadian Securities Exchange in early November 2025 [5] Shareholder Actions - A total of 31,190,215 shares were elected for cash consideration amounting to $1,559,510.75, equating to $0.05 per share [2] - Eligible shareholders holding 32,299,621 shares opted for common shares in the Purchaser as consideration [2] Meeting and Approval - The annual general and special meeting held on October 16, 2025, resulted in the Arrangement Resolution being approved with 29,088,128 votes in favor [3] - The requisite majority of minority approval was also obtained as per regulatory requirements [3] Legal and Regulatory Actions - A final order from the Court of King's Bench of Alberta was secured to approve the arrangement [4] - The Company plans to cease being a reporting issuer in Alberta, British Columbia, and Ontario following the delisting [5] Company Overview - Global Helium Corp is focused on the exploration, acquisition, development, and production of helium [7] - The Company has a unique farm-in agreement with Rubellite Energy Inc, allowing access to approximately 369,000 acres in Alberta's Manyberries helium trend [7]
AirLife Gases Announces Strategic Investment in Royal Helium Inc.
Newsfile· 2025-10-21 13:30
Core Insights - AirLife Gases Private Limited is participating in a private placement of subscription receipts of Keranic Industrial Gas Inc. to support Keranic's growth plans and its proposed combination with Royal Helium Inc. [1][3] - The transaction will result in Royal Helium acquiring all issued and outstanding shares of Keranic, with the new entity expected to pursue a listing on a recognized Canadian stock exchange [3][4] - AirLife is expected to become a significant shareholder of the resulting issuer and plans to enter into an investor rights arrangement [5][6] Company Strategy - The transaction marks a significant milestone for AirLife as it transitions from a global distributor to an integrated helium producer, enhancing its role across the value chain [6][7] - AirLife aims to leverage its logistics and customer infrastructure to deliver end-to-end supply solutions, thereby strengthening supply security and reducing reliance on third-party producers [7][8] - The combination of AirLife's distribution expertise with Royal Helium's assets is expected to enhance supply reliability and deliver long-term value to customers [6][8] Industry Context - The transaction involves Royal Helium's four core areas with multiple helium discoveries across approximately 600,000 acres in Saskatchewan and Alberta, which is strategically significant for helium production [4] - The Steveville plant facility, capable of processing 15,000 Mcf/day of raw gas, is expected to restart production within 12 weeks following the transaction's completion [4] - This development is poised to support job creation, industrial expansion, and long-term energy diversification in Alberta [4]
VVC – Commencement of Central Kansas Uplift Project
Globenewswire· 2025-09-29 12:00
Core Insights - VVC Exploration Corporation is advancing the Central Kansas Uplift (CKU) Project through its subsidiary, Plateau Helium Corporation, targeting helium-rich natural gas in Kansas [1][2] - The CKU Project is located in a mature exploration area with historical helium concentrations between 1.5% and 6%, and the company has identified multiple well development locations [2][3] - The project encompasses 10,875 acres with 160 potential drilling locations and benefits from existing midstream infrastructure, including gas pipelines and processing facilities [2][3] Project Details - The CKU area features up to eight stacked helium-rich reservoir zones with well depths ranging from 2,500 to 5,000 feet [2] - Development will occur in phases, focusing on adding wells and processing access while considering further lease expansion [3] Company Overview - VVC Resources specializes in the exploration and development of natural resources, particularly helium and industrial gases, copper, and green energy technologies [4]
Pulsar Helium Announces Promising Pre-Feasibility Results for Tunu Project in East Greenland
Globenewswire· 2025-09-29 06:00
Core Insights - Pulsar Helium Inc. has reported a promising independent Pre-Feasibility Study (PFS) confirming the geothermal reservoir potential and helium production opportunity at the Tunu project in East Greenland [1][2][4] Project Overview - The Tunu project is located near Ittoqqortoormiit, with estimated geothermal reservoir temperatures between 80–130°C, driven by conductive faults and fractures [2][6] - The project aims to supply renewable power to the local community while enabling commercial helium extraction, positioning it as a dual clean energy and industrial gas project [2][4] Pre-Feasibility Study Findings - The PFS indicates potential flow rates of up to ~720 m³/hour, sufficient to supply clean energy to Ittoqqortoormiit and provide surplus capacity for helium separation [6][8] - In high-case scenarios, helium recovery could reach ~350 thousand cubic feet (Mcf) per day, making Tunu one of the most prospective primary helium opportunities in Europe [6][8] - Estimated capital expenditures for the project are between USD $20–30 million, highlighting realistic pathways for integrated helium and renewable power production [6][8] Infrastructure Developments - The Governments of Greenland and Denmark are funding a new airport at Ittoqqortoormiit, with construction expected to begin in 2026, which will enhance logistics for Pulsar's future field programs [10][11] - The new airport will provide year-round access to the region, significantly reducing logistical costs and improving the economic outlook for the Tunu project [10][11] Project Progress - Over the past 18 months, Pulsar has advanced Tunu from a conceptual opportunity to a defined project, with early surface exploration revealing helium concentrations as high as 0.8% [11][12] - A passive seismic survey identified low-velocity anomalies indicating fractured reservoirs capable of storing and channeling helium-rich fluids [12][13] Regulatory and Licensing - Pulsar is the first company licensed for helium exploration in Greenland, holding an exclusive Mineral Exploration Licence 2025/101, which provides a long-term foundation for project development [14][18]
Pulsar Helium Confirms Sustained Helium Concentrations of 7-8% at Jetstream #1, With Positive Reservoir Indicators at Jetstream #2
Globenewswire· 2025-09-19 06:00
Core Insights - Pulsar Helium Inc. announced significant gas analysis results from its Topaz helium project in Minnesota, confirming sustained helium concentrations of up to 8% in both Jetstream 1 and Jetstream 2 appraisal wells, highlighting the project's potential as a leading primary helium discovery [1][3][4] Latest Gas Analysis and Well Performance - Jetstream 1 achieved a peak flow rate of over 1.3 million cubic feet per day (MMcf/d) under well-head compression, with stable long-duration flows producing between 150-300 thousand cubic feet per day (Mcf/d) for 12-18 hours [4][11] - Jetstream 1's gas analysis confirmed a sustained helium concentration of approximately 7-8%, significantly exceeding typical commercial thresholds of around 0.3% [5][7] - Jetstream 2 also showed high helium concentrations of up to 8% and an initial shut-in pressure of approximately 151 psi, indicating a strong reservoir, although sustained flow was limited due to wellbore blockages [5][8][9] Project Development and Future Plans - The company is planning a targeted cleanout program for Jetstream 2 to address flow restrictions and is optimistic about future flow tests post-remediation [3][9] - A multi-well drilling campaign is set to commence in early October to enhance understanding of the helium reservoir and advance Pulsar's strategy to become a leading helium producer [11][15]
Pulsar to Present at the European Growth Virtual Investor Conference
Accessnewswire· 2025-09-10 06:00
Core Viewpoint - Pulsar Helium Inc. is actively engaging with investors by participating in the European Growth Virtual Investor Conference, highlighting its position as a leading helium project development company [1] Company Announcement - Thomas Abraham-James, the CEO and President of Pulsar, will present live at the conference on September 11, 2025, at 12:00 PM ET [1]