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Pulsar Helium, Inc. ( (TSE:PLSR) ) has provided an update.
Pulsar Helium Inc. has acquired 100% of Hybrid Hydrogen Inc. for US$80,000 in cash, gaining an exclusive option to lease mineral rights for non-hydrocarbon gases, primarily helium, over approximately 5,742 acres in Michigan’s Upper Peninsula. The transaction, which is arm’s length and low cost, provides Pulsar with a new foothold in a geologically analogous region to its flagship Topaz project in Minnesota, enabling the company to leverage its existing technical expertise in helium migration and trapping while preserving capital for ongoing appraisal work at Topaz. Management positions the move as a disciplined expansion within the Upper Midwest that reinforces Pulsar’s helium-only strategy and potentially strengthens its long-term growth trajectory and resource diversification within a regulated U.S. gas jurisdiction.
More about Pulsar Helium, Inc.
Pulsar Helium Inc. is a publicly traded primary helium exploration and development company listed on AIM in London, the TSX Venture Exchange and the OTCQB under the ticker PLSR/PSRHF. Its portfolio is led by the Topaz helium project in Minnesota and the Tunu helium project in Greenland, where the company is a first mover in exploring primary helium occurrences not associated with hydrocarbon production, aiming to build a major helium-focused resource base.
Learn more about PLSR stock on TipRanks’ Stock Analysis page.