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$PLSR.V

4 stories mentioning PLSR.V

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Mining & Metals

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

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%

$PLSR.V
Mining & Metals

Pulsar Helium Acquires Strategic Surface Land at Topaz Helium Project, Minnesota

Pulsar Helium (PLSR.V) has acquired approximately 1,360 acres of surface land in Lake County, Minnesota, located within its flagship Topaz Project, the company said on Friday.The surface land was purchased in an arm's length transaction from Wolf Lands Inc. for total cash consideration of US$2.48 million to be satisfied through the company's existing cash resources, said the company.The newly acquired land lies within the mineral rights that the company holds under lease from a separate private owner, and the area includes the location of the company's Jetstream #7 (JS#7) well, added the company.The acquisition forms part of Pulsar's "broader push toward production readiness at Topaz", said the company and added that it recently concluded its Jetstream exploration and appraisal program, with all wells drilled to date having encountered gas under high pressure and is now obtaining quotes for the drilling of up to four new production wells to supplement two production-ready wells already drilled."This Acquisition, driven by our intention to develop Topaz into a significant primary helium producer, builds on growing momentum at the project as we move decisively toward production readiness," said Thomas Abraham-James, CEO of Pulsar. "It also follows recent legislative progress updating Minnesota's permitting framework for helium extraction. With a clearer pathway now emerging toward future production, securing ownership of the surface land overlying our leased mineral rights, including the site of our Jetstream #7 well, provides Pulsar with increased operational control and long-term development certainty as we continue advancing Topaz toward production."

$PLSR.V
Mining & Metals

Pulsar Helium Says a Third-Party Circulated False Private Placement Communications

Pulsar Helium (PLSR.V) on Thirsday said it is aware a third-party broker has circulated false communications outlining terms of a purported private placement involving the company.The company said the communications have no basis.Pulsar said it is reviewing its regulatory and legal options to hold the third party responsible for circulating the false information related to a financing.Shares of the company were last seen down $0.07 tot $1.63 on the TSX Venture Exchange.Price: $1.63, Change: $-0.07, Percent Change: -4.12%

$PLSR.V
Mining & Metals

Pulsar Helium Secures Option Over 488,090 Acres in Michigan's Upper Peninsula

Pulsar Helium (PLSR.V) said Wednesday that it secured an option to lease 488,090 gross acres of mineral rights comprising the Falcon project in Michigan from Keweenaw Land Association (KLA).Pulsar said the three-year option commenced March 31 and covers non-hydrocarbon gases including helium-4, helium-3, carbon dioxide and hydrogen. The company must spend at least US$1.0 million in exploration under the agreement.The agreement contains a staged acreage surrender schedule, allowing Pulsar to refine its exploration focus across the project and thereby reduce its retained acreage. A final development leasehold of up to 20,000 net acres can be selected at the exercise of the option, Pulsar said.Upon the exercise of the option, Pulsar and KLA would enter into a definitive agreement with established commercial terms, including proceeds distributed as royalty revenue payable to KLA."Michigan's Precambrian basement geology is highly prospective, and the region has not seen any activity for primary helium exploration," Pulsar Chief Executive Officer Thomas Abraham-James said.The company said it has assembled a team to evaluate the property.

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