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Pulsar Helium Inc. has released a three year timeline with production possibly starting 2028.
In 2026 the company would reach a final investment decision and initiate DNR permitting assuming final legislation has passed.
In 2027 Pulsar would hire 14-24 people and look to complete a modular processing facility at Chart Industries that would process crude helium and beverage grade CO2. Breaking ground on a processing facility would take place in the fourth quarter of 2027.
In 2028 the company could reach production of helium and CO2 with a three phase powerline and the reconstruction of Forest Road 112 to Highway 2 completed.
Pulsar announced that down-hole testing equipment is scheduled to mobilize to site on Monday, Feb. 24. The tools consist of an optical televiewer and LithoScanner, both of which will be run on both the Jetstream #1 and #2 appraisal wells.
The data collection process, expected to take approximately two days, will provide valuable insights into reservoir characteristics.
Jetstream #1 was deepened to a total depth (TD) of 5,100 feet (1,555 meters), while Jetstream #2 reached a TD of 5,638 feet (1,718 meters).
Jetstream #1 has had helium readings of up to 14.5 percent, one of the highest percentage finds in the world.
Flow rate and bottom-hole pressure testing will occur in March 2025 once well head pressures are anticipated to have stabilized. The flow testing will be conducted over a period of up to two weeks for each well.
All data will then be sent to an independent resource estimator for a resource update, and to Chart Industries for production scenario assessment and conceptual processing facility design.
Pulsar has captured the attention of regional officials with its discovery of vast helium deposits near Babbitt, and the prospect of new era of mining - and new jobs - in the region.
Pulsar has received initial approval and permitting for exploration, which is continuing, and further work is planned through 2025.
