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MINNESOTA - Pulsar Helium Inc. (AIM:PLSR, TSXV: PLSR, OTCQB: PSRHF) announced Wednesday it has discovered helium-3 at its Topaz Project in Minnesota, with concentrations reaching up to 14.5 parts per billion (ppb) in gas produced from the Jetstream #1 well.
The company stated this level places the Topaz discovery among the highest naturally occurring helium-3 concentrations ever publicly reported in a terrestrial gas reservoir. The well also showed sustained flow containing 7-8% helium-4, the more common helium isotope.
Helium-3 is considered one of the rarest isotopes on Earth, with reported market values of approximately $2,500 per liter or about $18.7 million per kilogram - roughly 100,000 times the price of conventional helium-4, according to the company.
Laboratory analyses conducted by Smart Gas Sciences and independently verified by Woods Hole Oceanographic Institution showed a consistent isotopic ratio across all tested samples, suggesting a single, stable helium source throughout the reservoir.
"To encounter helium-3 concentrations of this magnitude at our Topaz Project in Minnesota is nothing short of extraordinary," said Thomas Abraham-James, President & CEO of Pulsar, in the press release.
The company noted that helium-3 has applications in neutron detection for nuclear security, ultra-low temperature cooling systems used in quantum computing, and as a potential fuel for nuclear fusion reactions.
Pulsar stated it is in discussions with potential collaborators to evaluate methods for separating helium-3 from helium-4 in future processing scenarios, as no commercial technology currently exists to perform this separation at scale.
The company plans to commence a multi-well drilling campaign at Topaz in early October to expand its understanding of the helium reservoir.
This article is based on a press release statement from Pulsar Helium Inc.
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