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The latest announcement is out from Pulsar Helium, Inc. ( (TSE:PLSR) ).
Pulsar Helium reported that drilling of the Jetstream #7 appraisal well at its Topaz Helium Project in Minnesota has been completed to a total depth of 2,979 feet, confirming a pressurized gas zone and maintaining a 100% success rate across all seven Jetstream wells. The company has finished down‑hole logging at Jetstream #7, is preparing Jetstream #5 for logging after drill‑string recovery, and is mobilizing logging to Jetstream #6 as it wraps up its current exploratory drilling campaign.
Flow and pressure build‑up testing across the Jetstream wells is scheduled to begin in late March or early April 2026, a pivotal phase expected to help define the scale and commercial potential of the Topaz helium resource. Pulsar has also completed processing of new 2D seismic data, which will now be interpreted to refine structural understanding and reservoir mapping at Topaz, potentially informing future appraisal and development and reinforcing the project’s role in supplying primary helium from a stable jurisdiction.
Management highlighted that the seven‑for‑seven success rate in encountering gas validates the company’s geological model and underscores the strength of the Topaz helium system. The combination of successful appraisal drilling, upcoming flow testing and fresh seismic interpretation is positioned to shape Pulsar’s next steps at Topaz and could strengthen its positioning as an emerging supplier of strategically important helium and helium‑3 to global high‑value markets.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded primary helium exploration and development company listed in London, Toronto and on the OTCQB. Its portfolio includes the flagship Topaz helium project in Minnesota, the Falcon project in Michigan and the Tunu project in Greenland, targeting high‑value industrial and specialty gas markets with both helium and helium‑3 potential.
The Topaz project in Minnesota is located in a stable jurisdiction with existing infrastructure and technical services. Exploration and appraisal work there has identified potentially saleable concentrations of helium, helium‑3 and carbon dioxide, with seven appraisal wells drilled so far, all intersecting pressurized gas and supporting the company’s geological model.
Learn more about PLSR stock on TipRanks’ Stock Analysis page.