Commencement of Well-Testing Topaz Helium Project
Well-testing commenced at Jetstream #1 and #2 wells at Topaz helium project in Minnesota.
- Jetstream #1 total depth 5,100 feet (1,555 metres)
- Jetstream #2 total depth 5,638 feet (1,718 metres)
- Helium concentrations at Jetstream #1 up to 14.5%
- Economic threshold for helium 0.3%
- CO2 concentrations at Jetstream #1 exceeding 70%
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| NEWS RELEASE | APRIL 2, 2025 | CASCAIS, PORTUGAL |
PULSAR HELIUM ANNOUNCES THE COMMENCEMENT OF WELL-TESTING AT THE TOPAZ HELIUM PROJECT IN MINNESOTA
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a leading helium project development company, is pleased to announce the commencement of well-testing activities at Jetstream #1 and Jetstream #2 at its flagship Topaz project in Lake County, Minnesota.
- Well-testing activities are expected to occur in two sequential phases, the initial phase will focus on flow testing at the Jetstream #1 and Jetstream #2 appraisal wells, followed by a second phase of extended pressure build-up monitoring.
- The initial phase of flow testing began on April 1, 2025, and is expected to continue over approximately four weeks.
- The second phase will consist of extended pressure build-up monitoring through the end of June 2025.
The well-testing program data is needed to prepare a resource update.
Thomas Abraham-James, President & CEO of Pulsar, commented:
"The commencement of well-testing activities at the Jetstream #1 and #2 wells at our Topaz helium project in Minnesota is a significant milestone. Flow, pressure and gas sample data will be collected and will build upon the drilling success achieved at Topaz to date. We look forward to keeping the market updated with progress."
About the Topaz Project
The Topaz project is located in northern Minnesota, USA where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well has now reached total depth ("TD") of 5,100 feet (1,555 metres) on January 11, 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. The Jetstream #1 appraisal well previously reached TD of 2,200 feet (671 metres) on February 27, 2024, identifying top-tier helium concentrations of up to 14.5%, well above the 0.3% widely accepted economic threshold, and CO2 concentrations exceeding 70% - with the latter expected to further contribute to the project economics. Drilling of, the Jetstream #2 appraisal well was completed on February 1, 2025, reaching a TD of 5,638 feet (1,718 metres). The deepening of Jetstream #1 and completion of the drilling of Jetstream #2 are pivotal steps in advancing Pulsar's strategy to address the increasing global demand for helium as the Company moves another step closer to production.
On behalf Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Pulsar Helium Inc.
+ 1 (218) 203-5301 (USA/Canada)
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About Pulsar Helium Inc.
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