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Pulsar Helium Expands Land Position at Topaz, and Provides a Project Technical Update

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Pulsar Helium (PLSR.V, PLSR.L) drilled all seven Jetstream exploration wells at the Topaz project, it said on Monday.

The company's operating unit, Keewaydin Resources Inc., now holds about 690 net mineral acres in fee simple, plus about 4,941 net mineral acres under gas leaseholds, all within the immediate Topaz project area of interest, it said. Planning is underway to initiate drilling of two to four production-ready wells that will twin the "most successful" Jetstream exploration wells at the Topaz project.

Drilling results, wireline logging data, reservoir modeling, and higher-than-anticipated calculated down-hole pressures across the Jetstream program have "significantly increased" the company's confidence in the scale and quality of the Topaz Project, it said. Well data from the Jetstream program, the 2D seismic survey, and airborne gravity gradiometry are being integrated into a comprehensive geological model for the Topaz project, it added.

"The passage of new Minnesota helium legislation has added a further layer of confidence, giving us a clear and supportive regulatory framework for the path ahead," said Pulsar Helium CEO Thomas Abraham-James. "We head into our production-ready well drilling campaign with real momentum, strong technical foundations, and a project that we believe has the potential to be a transformative U.S. primary helium project."

Shares of the company were last seen unchanged at $1.58 on the TSX Venture Exchange.

Price: $1.59, Change: $+0.01, Percent Change: +0.63%

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