Pulsar Helium Secures District-Scale Michigan Option for Falcon Project

The latest update is out from Pulsar Helium, Inc. ( (TSE:PLSR) ).

Pulsar Helium has expanded its U.S. footprint by securing an exclusive three-year option to explore for non-hydrocarbon gases, including helium-4 and helium-3, across 488,090 acres of mineral rights in Michigan’s Upper Peninsula from Keweenaw Land Association. Combined with 5,742 acres previously acquired, the area is consolidated into the Falcon Project, giving Pulsar one of the largest potential non-hydrocarbon gas exploration positions in the Upper Midwest.

The option requires at least US$1 million in exploration spending on geochemical sampling, geophysics, geological studies and drilling, and allows Pulsar to progressively surrender acreage before selecting up to 20,000 acres for a long-term lease on commercial terms. Management frames the deal as a transformative, district-scale opportunity that leverages its technical success at the Topaz project in Minnesota and positions the company to test highly prospective Precambrian basement geology in a region with no prior primary helium exploration.

More about Pulsar Helium, Inc.

Pulsar Helium Inc. is a publicly traded primary helium exploration company listed on AIM in London, the TSX Venture Exchange in Canada and the OTCQB in the U.S. Its portfolio includes the flagship Topaz helium project in Minnesota, the Falcon project in Michigan and the Tunu project in Greenland, where it is a first mover in identifying primary helium occurrences not linked to hydrocarbon production.

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