Pulsar Helium announces proposed acquisition of 59,100 acres to the west

Pulsar Helium announced it has signed a non-binding term sheet to acquire up to 100% of Quantum Hydrogen Inc. in an all-share transaction.

Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota (59,100 acres) located in St Louis and Itasca counties, to the west of Pulsar’s flagship Topaz project.

This will be a 1,000% increase to Pulsar’s gross acreage in Minnesota, on completion of the proposed transaction. The company believes the geology is similar to the Topaz project, where recent testing at the Jetstream #1 well confirmed strong reservoir productivity, expected to support future production.