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A New Major Helium Gas Discovery In The United States

March 4, 2024
x min read

The United States might have found their next big discovery of helium gas. And it belongs to a Canadian publicly traded company.

What’s happening:

  • Pulsar Helium (TSXV: PLSR) has announced a new major discovery of helium gas at their Topaz helium project in Minnesota
  • The new discovery is considered to be one of the most significant recent successes in exploration for helium in the United States

Why it matters:

  • There has been a growing concern that the United States had either depleted the vast majority of their helium producing properties or sold them to foreign companies
  • Helium gas is a critical input for healthcare technology such as MRI machines and even for emerging aerospace companies that require helium for rocket launches into orbit

By the numbers:

  • Pulsar Helium found concentrations of 12.4% helium at their Topaz property, as measured by their on site spectrometer

Market reaction:

  • Shares of Pulsar Helium are up more than +200% since the announcement of their discovery

Going deeper:

The intrigue:

  • Helium is also used for manufacturing chips and semiconductors by helping prevent various chemical reactions

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