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Pulsar Helium Signs Agreement to Acquire Helium Liquefaction Plant And Equipment

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Pulsar Helium (PLSR.V) on Monday said it signed a binding letter agreement to acquire a helium liquefaction plant and equipment package for deployment in Minnesota where the company is advancing the Topaz helium project.

Pulsar expects the acquisition will accelerate its route to first helium production.

"We are moving from discovery and appraisal into the infrastructure required for production, processing and liquefaction. The Letter Agreement meaningfully de-risks the path to first production by securing the critical midstream infrastructure required to process, purify and liquefy helium," said Chief Executive Thomas Abraham-James.

"With expected capacity of approximately 940 litres per hour of liquid helium and 300 tonnes per day of CO2 capture, this is not a small pilot plant; it is the type of infrastructure that can move Pulsar into meaningful commercial production," he added.

Pulsar Helium last traded on June 29, closing at $1.50 on the TSX Venture Exchange.

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