Pulsar Helium Inc. has a clear focus and vision for exploring and developing primary helium assets.
Pulsar Helium gears up for an upcoming appraisal drilling
Despite its relatively short existence, Pulsar has successfully established itself in the helium industry. The company is known for its commitment to stabilising the global helium market. It achieves this by focusing on sustainable and reliable sources of helium.
The company’s mission is rooted in addressing the decade-long supply deficit in the helium market. Helium – a non-toxic, non-flammable, and odourless gas – finds critical applications across diverse industries, from healthcare and semiconductors to aerospace. Pulsar aims to be at the forefront to meet the growing demand for this essential element.
Pulsar’s recent listing on the TSX Venture Exchange (TSXV:PLSR & FRA:Y3K) marked a significant milestone in its journey. This development amplifies its visibility and underscores the confidence and potential vested in the company’s endeavours. Pulsar’s portfolio – including the flagship Topaz Helium Project in Minnesota, USA, and the Tunu Helium Project in Greenland – reflects its strategic approach to exploring and capitalising on primary helium occurrences.
Founded on robust strategy, Pulsar is focused on exploration and on defining and developing its assets. The Topaz Project is particularly pivotal. It is one of the world’s highest-content helium occurrences, with a drilled and flowed helium concentration of 10.5%. This project highlights Pulsar’s capability to identify and harness lucrative opportunities, setting a trajectory that aligns with its vision to be the industry leader.
With an experienced team comprising helium pioneers and seasoned experts in gas exploration and production, Pulsar Helium is poised for substantial growth. Its strategic endeavours are characterised by precision, innovation, and a relentless pursuit of excellence.
Each step, highlighted by milestones such as the recent TSXV listing, the contract signing for the Topaz appraisal well, and the successful acquisition of additional mineral rights to expand the Topaz project, are testament to Pulsar’s unwavering commitment to its vision and objectives and to the stakeholders who are integral to its journey.
The global demand for helium
Its unique properties and diverse applications drive helium’s mounting global demand. Industries and regions worldwide depend on this non-flammable, low boiling point and inert gas. Each application highlights its unique and irreplaceable role in various sectors, from healthcare to space exploration.
According to a recent study, helium imports boast a GeoPolRisk index between 0.15 and 0.30. This aligns with its critical classification. East Asia, Europe, and the Americas each exhibit distinct trade patterns and supply risks. The escalating demand, especially in East Asia, highlights future supply challenges.
The global helium market is forecast to be valued at $4.6bn in 2023 and reach $6.1bn by 2030. This 5% CAGR growth highlights the rising demand for expanded production.
In 2022, the US helium market stood at $2.0bn. China, marked by rapid industrial growth, is set to experience a 6.7% CAGR.
Helium’s essential role in semiconductor manufacturing, healthcare MRI scanners, and space exploration drives global market growth. Emerging technologies continue to unveil new helium applications, further amplifying this demand.
Against this backdrop of increasing demand and complex supply dynamics, Pulsar Helium Inc.’s exploration projects emerge as significant opportunities. Projects like Topaz align with global growth trends, offering a robust solution to the helium supply chain.
Pulsar’s commitment to efficient, green, and scalable helium extraction is a strategic response to current and anticipated market needs.
Spotlight on Topaz Helium Project
Pulsar Helium Inc. is in the spotlight with its promising Topaz Helium Project. Located in Minnesota, Topaz isn’t just another piece of the portfolio; it indicates the company’s significant growth potential. With a helium concentration of 10.5%, it stands well above the industry’s viability threshold.
The discovery of Topaz traces back to 2011. It was an unexpected find during a mineral exploration. Located 62 miles (100 kilometres) north of Duluth, the project benefits from excellent accessibility, a factor that’s expected to enhance exploration and operational efficiency.
The region’s geological characteristics are another advantage. Ancient helium source rocks are prevalent in the area, making them fertile ground for helium generation and accumulation. The stability of the tectonic conditions over extensive periods ensures the preservation and collection of this gas.
The team will begin drilling the appraisal well in December 2023. All necessary permits have been secured, laying a solid foundation for the upcoming exploration. Every procedural and regulatory milestone has been met, setting the stage for Topaz’s untapped potential.
Pulsar’s President & CEO, Thomas Abraham-James, views this phase as crucial. The exploration is a significant step forward, marking the transition from potential to tangible assets. The helium resource Pulsar is tapping into is expected to be a game-changer for the organisation and the broader market.
The Topaz project is in northern Minnesota, with a rich history in resource extraction, home to North America’s largest iron ore operations, which have been exploited for over 150 years. Hydroelectric power is near the site, as is sealed road access leading to Minneapolis and beyond.
Upcoming appraisal drilling programme
Scheduled for early December 2023, Pulsar Helium Inc. is gearing up for an appraisal drilling programme at the Topaz helium project, a crucial phase aimed at providing in-depth insights into the characteristics of the helium reservoir. The primary objective of this upcoming appraisal is to delineate the reservoir’s size, pressure, and other intrinsic attributes instrumental for efficient extraction and production.
The appraisal well, named Jetstream #1, is strategically located within the proximity of 65 feet (20 metres) of the original discovery well, LOD-6, drilled in 2011. This adjacency is not merely geographical but adds a substantive context and validation to the potential findings, considering LOD-6 flowed a remarkable 10.5% helium. The historical data, coupled with the advancements in exploration technology, is expected to yield comprehensive and accurate results.
Jetstream #1 will be drilled to a vertical depth of 2,200 feet (671 metres) utilising Capstar Drilling’s rig #314, a state-of-the-art 6000 Elenburg Manufacturing trailer-mounted drilling rig. The project could transition into accelerated development if positive results indicate viable and rich helium deposits.
For investors and stakeholders, this translates to a potential realisation of significant returns and the company marking its footprint as a leader in the global helium market.
Preparations and legal compliances
In adherence to legal and environmental standards, Pulsar Helium has meticulously prepared for the upcoming appraisal drilling.
All necessary permits from Federal, State, and local government entities have been secured, marking a significant step towards ensuring the project’s legality and readiness. Final approval for the drilling activities was granted in early September, after the preliminary civil works conducted in March.
Pulsar is pleased to sign a drill rig contract with Capstar Drilling, Inc., a partnership that ensures the employment of top-tier equipment and expertise for the Jetstream #1 well.
Capstar Drilling, Inc. brings over 25 years of experience to the project. A leader in providing land drilling services in the US, particularly in West Texas and the Rocky Mountain region, their fleet of 34 semi-automatic land drilling rigs is adept at vertical, directional, and horizontal drilling, capable of reaching up to 15,000 feet (4,572 metres) in depth.
These efficient rigs offer a viable alternative to traditional box rigs, especially suited for development drilling. Capstar combines technology and extensive experience to deliver optimised drilling solutions tailored to specific geographic and project needs.
The drill location sits on private mineral rights for which Pulsar has an exclusive lease for non-hydrocarbon gases. To augment this, the company is in the final stages of acquiring surface rights, an essential legal framework that will facilitate seamless exploration and potential future extraction activities.
With these preparations and legal compliances seamlessly in place, Pulsar Helium is positioned not just for successful appraisal drilling but also for a sustainable and profitable helium exploration and production venture, setting a benchmark in an industry marked by increasing demand and supply deficits.
The expertise behind the project
Pulsar Helium Inc. is spearheaded by a team of experienced professionals well-versed in the intricacies of the helium industry. The company’s senior management boasts over a decade of specialised experience in helium exploration and development.
Thomas Abraham-James, President & CEO and co-founder of Pulsar, exemplifies the depth of expertise that defines the team. His extensive experience — along with that of Neil Herbert, the Chairman and co-founder — has been foundational to Pulsar’s ascent in the helium exploration landscape. Senior managers further strengthen the company: Josh Bluett, the company’s Technical Manager, and Michael Sturdy, General Manager for operations, bring a wealth of knowledge in exploring and operating.
The board and management’s financial investment in the company demonstrates their unwavering commitment to Pulsar’s success. Principal and founder shares are escrowed until August 2026, which clearly indicates their dedication and belief in the project’s potential success and longevity. This also assures stakeholders that the team is fully aligned and dedicated to realising the project’s full potential.
Topaz offers a greener source of helium
Unlike traditional operations, Topaz extracts helium as a primary element, not as a by-product of natural gas. This approach eliminates the environmental challenges associated with hydrocarbon extraction and processing.
The traditional helium extraction process involves separating the gas from natural gas, requiring energy-intensive methods that contribute to greenhouse gas emissions. Topaz’s model is different; it is designed for efficiency and environmental preservation, ensuring reduced emissions and minimal environmental impact.
Helium at Topaz is extracted from underground reservoirs where it’s found in abundance, ensuring a simplified and cleaner extraction process. The result is high-quality helium that meets the growing global demand without compromising the ecological integrity of the extraction site.
This project aligns with the global shift towards sustainable industrial practices. It demonstrates that economic gain and environmental responsibility coexist, marking a significant step towards a future where reduced emissions and enhanced ecological preservation characterise industrial processes. Topaz exemplifies a balanced approach to resource extraction, setting a precedent for future helium extraction projects globally.
Investment opportunities and potential growth
Pulsar Helium Inc. invites potential investors to consider the significant opportunities the Topaz helium project presents. The increasing demand for helium across various industries underlines the project’s potential.
For example, helium is essential for MRI scanners in the healthcare industry, ensuring their efficient operation. It plays a critical role in manufacturing, particularly in producing semiconductors and fibre optic cables. Helium’s unique properties also make it invaluable in the aerospace industry, where it is used in cryogenic fuel tanks of space rockets.
The Pulsar team anticipates a positive impact on share prices following the appraisal well drilling scheduled for December 2023. This projection is based on the considerable potential of the Topaz project and the expected increase in the valuation of its helium assets. Their growth strategy and the Topaz project’s development rely on equity investments. Every investor contributes to realising the project’s potential, offering a tangible opportunity to be part of the company’s future-thinking growth journey.
Final insights
The forthcoming appraisal drilling at the Topaz project signifies a critical phase in Pulsar Helium Inc.’s exploration trajectory. The company has finalised all requisite preparations, secured the necessary permits, and signed a drilling contract with Capstar Drilling, Inc. Topaz, located strategically in Minnesota, is set to be explored by a team that is both skilled and prepared, promising an insightful revelation of one of the world’s potentially richest helium sources.
Pulsar Helium Inc. is defined by meticulous preparation and an unwavering commitment to unveiling the full capacity of the Topaz project. Each milestone and development in the project’s journey is transparently communicated, ensuring investors are well-informed. The outcomes of the appraisal drilling are anticipated to offer detailed insights into the project’s viability and potentially forecast the expected returns for investors, marking a significant juncture in Pulsar’s and its stakeholders’ journey.
Invest in tomorrow
Your opportunity to invest in and be part of the promising future of the Topaz helium project is now. For more information on investment opportunities and to stay updated on project developments, visit Pulsar’s website or contact their team directly.
