Pulsar Helium Inc - developing Topaz helium project in US state of Minnesota - Says deepening of Jetstream #1 appraisal well was ‘resounding success’. The operation reached a total depth of 5,100 feet on Saturday and penetrated past the entire interpreted helium-bearing reservoir. Data supports the company’s interpreted larger reservoir zone and there were ‘promising helium readings’ of up to 7.2% during drilling. Additional data collection will take place after the drilling of Jetstream #2.

Chief Executive Officer Thomas Abraham-James said: ‘The expanded reservoir height and encouraging helium readings are testament to the quality of our geological model and the expertise of our team. As we move forward with Jetstream #2 and additional testing, we are increasingly optimistic about the project’s ability to contribute significantly to the global helium supply chain. This success not only validates our exploration strategy but also positions Pulsar Helium as a key player in addressing the critical demand for helium in various high-tech industries.’

Current stock price: 28.00 pence, down 8.2%

12-month change: up 1.8%

Copyright 2025 Alliance News Ltd. All Rights Reserved.